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31 U.S.C. § 9102 — Establishing and acquiring corporations

Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 9102 — Establishing and acquiring corporations

An agency may establish or acquire a corporation to act as an agency only by or under a law of the United States specifically authorizing the action.

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Source file: Laws/federal/codes/united-states-code/title-31/section-9102-establishing-and-acquiring-corporations--58fd69d75e.md
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Source location: Title 31, Chapter 91, § 9102; chapter-091-government-corporations.md

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An agency may establish or acquire a corporation to act as an agency only by or under a law of the United States specifically authorizing the action.

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 9102 — Establishing and acquiring corporations

§ 9102. Establishing and acquiring corporations An agency may establish or acquire a corpora- tion to act as an agency only by or under a law of the United States specifically authorizing the action. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1042.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 9102 ......... 31:869(a). Dec. 6, 1945, ch. 557, § 304(a), 59 Stat. 602. The word ‘‘agency’’ is substituted for ‘‘officer or agency of the Federal Government or by any Govern- ment corporation’’ and ‘‘agency or instrumentality of the United States’’ because of section 101 of the revised title, for consistency, and because a Government cor- poration is an ‘‘instrumentality of the United States Government’’. The word ‘‘establish’’ is substituted for ‘‘created, organized’’ to eliminate unnecessary words. The words ‘‘on or after December 6, 1945’’ are omitted as executed. The words ‘‘law of the United States’’ are substituted for ‘‘Act of Congress’’ for consistency. § 9103. Budgets of wholly owned Government corporations (a) Each wholly owned Government corpora- tion shall prepare and submit each year to the President a business-type budget in a way, and before a date, the President prescribes by regu- lation for the budget program. (b) The budget program for each wholly owned Government corporation shall— (1) contain estimates of the financial condi- tion and operations of the corporation for the current and following fiscal years and the con- dition and results of operations in the last fis- cal year; (2) contain statements of financial condi- tion, income and expense, and sources and use of money, an analysis of surplus or deficit, and additional statements and information to make known the financial con

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