PUBLIC LAW 106-531—NOV. 22, 2000 114 STAT. 2539 an executive agency may submit a consolidated report under such paragraph not later than 180 days after the end of that agency's fiscal year, with respect to fiscal years 2000 and 2001. (c) TECHNICAL AND CONFORMING AMENDMENT.—The table of sections for chapter 35 of title 31, United States Code, is amended by inserting after the item relating to section 3515 the following: "3516. Reports consolidation.". SEC. 4. AMENDMENTS RELATING TO AUDITED FINANCIAL STATE- MENTS. (a) FINANCIAL STATEMENTS.— Section 3515 of title 31, United States Code, is amended— (1) in subsection (a), by inserting "Congress and the" before "Director"; and (2) by striking subsections (e) through (h). (b) ELIMINATION OF REPORT.—Section 3521(f) of title 31, United States Code, is amended— (1) in paragraph (1)— (A) by striking "subsections (a) and (f)" and inserting "subsection (a)"; and (B) by striking "(1)"; and (2) by striking paragraph (2). SEC. 5. AMENDMENTS RELATING TO PROGRAM PERFORMANCE REPORTS. (a) REPORT DUE DATE.— (1) IN GENERAL. — Section 1116(a) of title 31, United States Code, is amended by striking "No later than March 31, 2000, and no later than March 31 of each year thereafter," and inserting "Not later than 150 days after the end of an agency's fiscal year,". (2) SPECIAL RULE FOR FISCAL YEARS 2000 AND 2001.—Not- aiusciiie withstanding subsection (a) of section 1116 of title 31, United ^°^- States Code (as amended by paragraph (1) of this subsection), an agency head may submit a report under such subsection not later than 180 days after the end of that agency's fiscal year, with respect to fiscal years 2000 8ind 2001. (b) INCLUSION OF INFORMATION IN FINANCIAL STATEMENT.— Section 1116(e) of title 31, United States Code, is amended to read as follows: "(e)(1) Except as provided in paragraph (2), each program performance report shall contain an assessment by the agency head of the completeness and reliability of the performance data included in the report. The assessment shall describe any material inadequacies in the completeness and reliability of the performance data, and the actions the agency can take and is taking to resolve such inadequacies.
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