§3025 – Examination and Audit


Title 12 > Chapter 31 > Subchapter I > Section 3025


  • Reference: Section 3025
  • Legend: §3025 – Examination and Audit
  • USCode Year: 2013

Provision Content

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.)


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.

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]. For definition of Final Government Equity Redemption Date, see section 396(a) of Pub. L. 97–35, set out as a note under section 3012 of this title.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-3014 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-3014, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

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