amendments to the government corporation control act

amendments to the government corporation control act Sec. 601. (a) Section 105 of the Government Corporation Control Act (31 U.S.C. 850) is amended by adding thereto the following sentence: “Effective July 1, 1974, each wholly owned Government corporation shall be audited at least once in every three years.”. (b) The first sentence of section 106 of such Act (31 U.S.C. 851) is amended to read as follows: “A report of each audit conducted under section 105 shall be made by the Comptroller General to the Congress not later than six and one-half months following the close of the last year covered by such audit.”. (c) Section 202 of such Act (31 U.S.C. 857) is amended by adding thereto the following sentence: “Effective July 1, 1974, each mixed-ownership Government corporation shall be audited at least once in every three years.”. 88 Stat. 1963 (d) The first sentence of section 203 of such Act (31 U.S.C. 858) is amended to read as follows: “A report of each audit conducted under section 202 shall be made by the Comptroller General to the Congress not later than six and one-half months following the close of the hist year covered by such audit”.