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12 U.S.C. 3025: Examination and auditText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 12-BANKS AND BANKINGCHAPTER 31-NATIONAL CONSUMER COOPERATIVE BANK
Jump To: Source CreditEditorial NotesAmendmentsStatutory Notes and Related SubsidiariesEffective Date of Amendment

§3025. Examination and audit

The Farm Credit Administration and the Government Accountability Office are hereby authorized and directed to examine and audit the Bank. Reports regarding such examinations and audits shall be promptly forwarded to both Houses of the Congress. The Bank shall reimburse the Farm Credit Administration for the costs of any examination or audit conducted by the Farm Credit Administration.

( Pub. L. 95–351, title I, § 115 , Aug. 20, 1978 , 92 Stat. 511 ; Pub. L. 97–35, title III, § 394(a)(1) , Aug. 13, 1981 , 95 Stat. 436 ; Pub. L. 108–271, § 8(b) , July 7, 2004 , 118 Stat. 814 .)

Editorial Notes

Amendments

2004⁠—Pub. L. 108–271 substituted “Government Accountability Office” for “General Accounting Office”.

1981⁠—Pub. L. 97–35 substituted provisions relating to examination and audit by the Farm Credit Administration and the General Accounting Office, for provisions relating to annual examinations and audits by an agency or instrumentality of the Federal Government designated by the President.

Statutory Notes and Related Subsidiaries

Effective Date of 1981 Amendment

Pub. L. 97–35, title III, § 394(a)(2), Aug. 13, 1981, 95 Stat. 436, provided that:

“The amendment made by paragraph (1) [amending this section] shall take effect on the day after the Final Government Equity Redemption Date [Dec. 31, 1981].”