12 U.S.C. § 1747e — Financial statements by Secretary
submitted 92 years ago by ch. 847 to r/title-12-BANKS-AND-BANKING · 93 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
With respect to each project insured under this subchapter, the Secretary shall provide that, after the close of each operating year, the investor shall submit to him for approval a financial and operating statement covering such operating year. If any such financial and operating statement shall not have been submitted or, for proper cause, shall not have been approved by the Secretary, payment of any claim submitted by the investor may, at the option of the Secretary, be withheld, in whole or in part, until such statement shall have been submitted and approved.
Source credit: (June 27, 1934, ch. 847, title VII, § 706, as added Aug. 10, 1948, ch. 832, title IV, § 401, 62 Stat. 1278; amended Apr. 20, 1950, ch. 94, title I, § 122, 64 Stat. 59; Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17.)
- 1934Enacted · Act of June 27, 1934, ch. 847 · 62 Stat. 1278
- 1950Amended · Act of Apr. 20, 1950, ch. 94 · 64 Stat. 59
- 1967Amended · Pub. L. 90-19 · 81 Stat. 17
A history note hasn’t been published yet. The record shows enactment by ch. 847 on 1934-06-27.
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