[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 31USC9109]
TITLE 31--MONEY AND FINANCE
SUBTITLE VI--MISCELLANEOUS
CHAPTER 91--GOVERNMENT CORPORATIONS
Sec. 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
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Revised Section Source (U.S. Code) Source (Statutes at Large)
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9109................................. 31:852. Dec. 6, 1945, ch. 577, Sec. 107, 59
Stat. 599.
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The word ``President'' is substituted for ``Director of the Office
of Management and Budget'' because sections 101 and 102(a) of
Reorganization Plan No. 2 of 1970 (eff. July 1, 1970, 84 Stat. 2085)
designated the Bureau of the Budget as the Office of Management and
Budget and transferred all functions of the Bureau to the President. The
words ``with the approval of the President'' are omitted because of the
restatement. The word ``considers'' is substituted for ``deemed'' for
consistency. The words ``in connection with the budget program of such
corporation'' are omitted as surplus. The wo