PUBLIC LAW 102-356 —AUG. 26, 1992 106 STAT. 953 AUDIT REQUIREMENT FOR PUBLIC TELECOMMUNICATIONS ENTITIES SEC. 13. (a) ALTERNATIVE TO AUDIT FOR CERTAIN ENTITIES. — Section 396(l)(3)(B)(ii) of the Communications Act of 1934 (47 U.S.C. 396(l)(3)(B)(ii)) is amended— (1) by designating the existing text as subclause (I); (2) by stri&ng ^and" at the end of subclause (I), as so redesignated, and inserting in lieu thereof "or"; and (3) by adding at the end the following new subclause: "(II) to submit a financial statement in lieu of the audit required by subclause (I) if the Corporation determines that the cost burden of such audit on such entity is excessive in Ught of the financial condition of such entity; and", (b) FREQUENCY OF AUDIT.— Section 396(1)(3)(B) of the Communications Act of 1934 (47 U.S.C. 396(1)(3)(B)) is amended— (1) in clause (ii) by striking 'Tjiannual" and inserting in lieu thereof "biennisd"; and (2) in clause (iii) by striking "biannually" and inserting in lieu thereof "biennially". AVAILABILITY OF INFORMATION FOR PUBLIC INSPECTION SEC. 14. (a) CPB INFORMATION.— Section 396(1) of the Commimications Act of 1934 (47 U.S.C. 396(1)) is amended by striking paragraph (4) and inserting in lieu thereof the following: "(4)(A) The Corporation shall maintain the information described in subparagraphs (B), (C), and (D) at its offices for public inspection and copying for at least 3 years, according to such reasonable guideUnes as the Corporation may issue. This public file shall be updated regularly. This paragraph shall be effective upon its Effective date. enactment and shall apply to all grants awarded after January 1, 1993. "(B) Subsequent to any award of funds by the Corporation for the production or acquisition of nationed broadcasting programming pursuant to subsection (k)(3)(A) (ii)(II) or (iii)(II), the Corporation shall make available for public inspection the following: "(i) Grant and solicitation guidelines for proposals for such programming. "(ii) The reasons for selecting the proposal for which the award was made. "(iii) Information on each program for which the award was made, including the names of the awardee and producer (and if the awardee or producer is a corporation or partnership, the principals of such corporation or partnership), the monetary amount of the award, and the title and description of the program (and of each program in a series of programs). "(iv) A report based on the final audit findings resulting from any audit of the award by the Corporation or the Comptroller General. "(v) Reports which the Corporation shall require to be provided by the awardee relating to national public broadcasting programming funded, produced, or acquired by the awardee with such funds. Such reports shall include, where applicable, the information described in clauses (i), (ii), and (iii), but shall exclude proprietary, confidential, or privileged information. "(C) The Corporation shall make available for public inspection the final report required by the Corporation on an annual basis
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