,,ii  #aai? ,,congress  #a/ ,session    
,s4 #bdhd  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bh1 #bjbe ,mr4  
,hag]ty introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to e/abli% an ,inspector ,g5]al
 ( ! ,neighborhood ,re9ve/m5t           
,corporation1 & = o!r purposes4  #a4    
,%ort title  ,?is ,act may be cit$ z !  
,neighbor,works ,acc\ntability ,act4    
#b4  ,au?orization ( ,inspector ,g5]al (
 ! ,neighborhood ,re9ve/m5t ,corporation
  7a7  ,9 g5]al  ,section               
#dae7;a77#a77;,a7 ( title #e1 ,unit$    
,/ates ,code1 is am5d$ by ins]t+ !      
,neighborhood ,re9ve/m5t ,corporation1  
aft] ! ,po/al ,regulatory ,commission14 
7b7  ,duties & audits  ,! ,neighborhood 
,re9ve/m5t ,corporation ,act 7#db       
,u4,s4,c4 #haja et seq47 is am5d$--     
7#a7 9 section #fjf 7#db ,u4,s4,c4      
#haje71 by add+ at ! end ! foll[+3  7e7 
7#a7 ,!re is au?oriz$ to be appropriat$ 
to ! ,(fice ( ,inspector ,g5]al ( !     

corporation e/abli%$ "u section #dae (  
title #e1 ,unit$ ,/ates ,code1 su* sums 
z may be necess>y to c>ry out ?is ,act4 
7#b7 ,!re %all n be transf]r$ to !      
,(fice ( ,inspector ,g5]al ( !          
corporation any program op]at+          
responsibilities ( ! corporation1       
includ+ ! organizational assessm5ts "w &
 grantee ov]sight function ( !          
corporation4  4  7c7  ,indep5d5t audit  
,section #fjg ( ! ,neighborhood         
,re9ve/m5t ,corporation ,act 7#db       
,u4,s4,c4 #hajf7 is am5d$ by /rik+      
subsection 7b7 & ins]t+ foll[+3  7b7    
7#a7 ,! acc\nts ( ! corporation %all be 
audit$ annually by an indep5d5t ext]nal 
auditor4  7#b7 ,not)/&+ any o!r audit "w
 p]=m$ by ! ,(fice ( ,inspector ,g5]al (
 ! corporation1 ! audits requir$ "u     
p>agraph 7#a7 %all be conduct$ 9        
accordance ) g5]ally accept$ audit+     
/&>ds by indep5d5t c]tifi$ public       
acc\ntants :o are c]tifi$ by a          
regulatory au?ority ( ! jurisdiction 9  
:i* ! audit is und]tak54  4