Title 47 — Telegraphs, Telephones, and RadiotelegraphsRelease 119-73not60

§1429 Audit and Report

Title 47 › Chapter 13— PUBLIC SAFETY COMMUNICATIONS AND ELECTROMAGNETIC SPECTRUM AUCTIONS › Subchapter II— GOVERNANCE OF PUBLIC SAFETY SPECTRUM › § 1429

Last updated Apr 5, 2026|Official source

Summary

The Secretary of Commerce must hire an independent auditor every year to review the First Responder Network Authority’s finances. The audit must use normal commercial accounting rules and be done where the Authority keeps its accounts. The auditor can look at all books, records, reports, files, and other items needed for the review and can check balances with banks and custodians. The Authority keeps possession of its records. The auditor must send each audit report to the proper congressional committees, the President, and the Authority. The report must explain the Authority’s financial condition, give any recommendations, and describe any program or spending the auditor believes was done without legal authority.

Full Legal Text

Title 47, §1429

Telegraphs, Telephones, and Radiotelegraphs — Source: USLM XML via OLRC

(a)(1)The Secretary of Commerce shall enter into a contract with an independent auditor to conduct an audit, on an annual basis, of the First Responder Network Authority in accordance with general accounting principles and procedures applicable to commercial corporate transactions. Each audit conducted under this paragraph shall be made available to the appropriate committees of Congress.

(2)Any audit conducted under paragraph (1) shall be conducted at the place or places where accounts of the First Responder Network Authority are normally kept.

(3)(A)For purposes of an audit conducted under paragraph (1), the representatives of the independent auditor shall—

(i)have access to all books, accounts, records, reports, files, and all other papers, things, or property belonging to or in use by the First Responder Network Authority that pertain to the financial transactions of the First Responder Network Authority and are necessary to facilitate the audit; and

(ii)be afforded full facilities for verifying transactions with the balances or securities held by depositories, fiscal agents, and custodians.

(B)All books, accounts, records, reports, files, papers, and property of the First Responder Network Authority shall remain in the possession and custody of the First Responder Network Authority.

(b)(1)The independent auditor selected to conduct an audit under this section shall submit a report of each audit conducted under subsection (a) to—

(A)the appropriate committees of Congress;

(B)the President; and

(C)the First Responder Network Authority.

(2)Each report submitted under paragraph (1) shall contain—

(A)such comments and information as the independent auditor determines necessary to inform Congress of the financial operations and condition of the First Responder Network Authority;

(B)any recommendations of the independent auditor relating to the financial operations and condition of the First Responder Network Authority; and

(C)a description of any program, expenditure, or other financial transaction or undertaking of the First Responder Network Authority that was observed during the course of the audit, which, in the opinion of the independent auditor, has been carried on or made without the authority of law.

Reference

Citations & Metadata

Citation

47 U.S.C. § 1429

Title 47 — Telegraphs, Telephones, and Radiotelegraphs

Last Updated

Apr 5, 2026

Release point: 119-73not60