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Stable record: federal_law:legal_authorities:record_usc_bd0387a1cf9889b8750c522f Source file: Laws/federal/codes/united-states-code/title-31/section-9102-establishing-and-acquiring-corporations--58fd69d75e.md Pages: Not recorded – Not recorded Passage SHA-256: c3857d64918e4ff9dbebabd48d2d9d34a15313d4988772a2220956691ffeef64 Retained source evidence SHA-256: 445a7c93c274ba7444818ac9e984d88685212b37daf1cb7cc2d08c55dd25319d
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
§ 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