Area Redevelopment Act: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Eighty-sixth Congress, First Session, on S. 268, S. 722, and S. 1064, Bills to Establish an Effective Program to Alleviate Conditions of Substantial and Persistent Unemployment and Underemployment in Certain Economically Depressed Areas, Parts 1-2

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U.S. Government Printing Office, 1959 - 1366 pages

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Page 32 - Act, as amended; (2) maintain an integral set of accounts which shall be audited annually by the General Accounting Office in accordance with the principles and procedures applicable to commercial transactions as provided by the Government Corporation Control Act, as amended, and no other audit shall be required...
Page 43 - ... (a) Each recipient of assistance under this Act pursuant to grants or contracts entered into under other than competitive bidding procedures shall keep such records as the Secretary shall prescribe, including records which fully disclose the amount and disposition by such recipient of the proceeds of such assistance, the total cost of the project or undertaking in connection with which such assistance is given or used, and the amount of that portion of the cost of the project or undertaking supplied...
Page 32 - In the performance of, and with respect to, the functions, powers, and duties...
Page 43 - ... (b) The Secretary and the Comptroller General of the United States, or any of their duly authorized representatives, shall have access for the purpose of audit and examination to any books, documents, papers, and records of the recipient that are pertinent to assistance received under this Act.
Page 41 - ... or, without being duly authorized, draws any order or issues, puts forth, or assigns any note, debenture, bond, or other obligation, or draft, bill of exchange, mortgage, judgment, or decree thereof...
Page 25 - That any disposition of such land to such public agency or corporation under this section shall be made at Its fair value for uses In accordance with the urban renewal plan : And provided further.
Page 33 - Whoever makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtaining for himself or for any applicant any loan, or extension thereof by renewal, deferment of action, or otherwise, or the acceptance, release, or substitution of security therefor...
Page 27 - SEC. 513. The Administrator shall take such action as may be necessary to insure that all laborers and mechanics employed...
Page 23 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued, under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 27 - Secretary to such business enterprise, to refrain from employing, tendering any office or employment to, or retaining for professional services, any person who, on the date such assistance or any part thereof was...