31 USC 9109 - Exclusion of a Wholly Owned Government Corporation From This Chapter

When the President considers it practicable and in the public interest, the President shall include in the budget submitted to Congress under section 1105 of this title a recommendation that a wholly owned Government corporation be deemed to be an agency (except a corporation) under chapter 11 of this title and for fiscal matters. If Congress approves the recommendation, the corporation is deemed to be an agency (except a corporation) under chapter 11 and for fiscal matters for fiscal years beginning after the fiscal year of approval and is not subject to this chapter. The corporate entity is not affected by this section.

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1045.)

Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large)
9109 31:852. Dec. 6, 1945, ch. 577, §107, 59 Stat. 599.

Sections:  Previous  9102  9103  9104  9105  9106  9107  9108  9109  9110  9301  9302  9303  9304  9305  9306  Next

Last modified: October 26, 2015