Neighborhood Reinvestment Oversight Bill
Official: NeighborWorks Accountability Act
The NeighborWorks Accountability Act establishes an Inspector General to oversee the Neighborhood Reinvestment Corporation, ensuring it operates effectively and transparently. This helps maintain public trust in the corporation's work.
1. This bill creates an Inspector General for the Neighborhood Reinvestment Corporation. 2. The Inspector General will oversee the corporation's activities and ensure accountability. 3. Annual audits of the corporation's accounts will be conducted by independent auditors. 4. The bill ensures that the Inspector General does not take over the corporation's program responsibilities. 5. Funding will be provided to support the Inspector General's office as needed.
This bill affects communities that benefit from the programs of the Neighborhood Reinvestment Corporation.