42 U.S.C. § 12710 : US Code - Section 12710: Capacity study

Search 42 U.S.C. § 12710 : US Code - Section 12710: Capacity study

(a) In general
The Secretary shall ensure that the Department of Housing and
Urban Development has adequate capacity and resources, including
staff and training programs, to carry out its mission and
responsibilities to implement the provisions of this Act, including
the ability of the Department to carry out the multifamily mortgage
insurance program, and the ability to respond to areas identified
as "material weaknesses" by the Office of the Inspector General in
financial audits or other reports.
(b) Report
Not later than 60 days after November 28, 1990, and annually
thereafter, the Secretary shall prepare and submit to the Committee
on Banking, Housing, and Urban Affairs of the Senate and the
Committee on Banking, Finance and Urban Affairs of the House of
Representatives a study detailing the Department's plan to maintain
such capacity, together with any recommendations for legislative
and administrative action as the Secretary determines to be
appropriate.