§ 9101. — Definitions.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 31USC9101]
TITLE 31--MONEY AND FINANCE
SUBTITLE VI--MISCELLANEOUS
CHAPTER 91--GOVERNMENT CORPORATIONS
Sec. 9101. Definitions
In this chapter--
(1) ``Government corporation'' means a mixed-ownership
Government corporation and a wholly owned Government corporation.
(2) ``mixed-ownership Government corporation'' means--
(A) the Central Bank for Cooperatives.
(B) the Federal Deposit Insurance Corporation.
(C) the Federal Home Loan Banks.
(D) the Federal Intermediate Credit Banks.
(E) the Federal Land Banks.
(F) the National Credit Union Administration Central
Liquidity Facility.
(G) the Regional Banks for Cooperatives.
(H) the Rural Telephone Bank when the ownership, control,
and operation of the Bank are converted under section 410(a) of
the Rural Electrification Act of 1936 (7 U.S.C. 950(a)).
(I) the Financing Corporation.
(J) the Resolution Trust Corporation.
(K) the Resolution Funding Corporation.
(3) ``wholly owned Government corporation'' means--
(A) the Commodity Credit Corporation.
(B) the Community Development Financial Institutions Fund.
(C) the Export-Import Bank of the United States.
(D) the Federal Crop Insurance Corporation.
(E) Federal Prison Industries, Incorporated.
(F) the Corporation for National and Community Service.
(G) the Government National Mortgage Association.
(H) the Overseas Private Investment Corporation.
(I) the Pennsylvania Avenue Development Corporation.
(J) the Pension Benefit Guaranty Corporation.
(K) the Rural Telephone Bank until the ownership, control,
and operation of the Bank are converted under section 410(a) of
the Rural Electrification Act of 1936 (7 U.S.C. 950(a)).
(L) the Saint Lawrence Seaway Development Corporation.
(M) the Secretary of Housing and Urban Development when
carrying out duties and powers related to the Federal Housing
Administration Fund.
(N) the Tennessee Valley Authority.
[(O) Repealed. Pub. L. 104-134, title III, Sec. 3117(a),
Apr. 26, 1996, 110 Stat. 1321-350.]
(P) the Panama Canal Commission.
(Pub. L. 97-258, Secs. 1, 2(l)(1), Sept. 13, 1982, 96 Stat. 1041, 1062;
Pub. L. 97-452, Sec. 1(26), Jan. 12, 1983, 96 Stat. 2478; Pub. L. 100-
86, title III, Sec. 303, Aug. 10, 1987, 101 Stat. 597; Pub. L. 101-73,
title III, Sec. 307(e), title V, Secs. 501(d), 511(b)(1), Aug. 9, 1989,
103 Stat. 353, 394, 406; Pub. L. 102-486, title IX, Sec. 902(b), Oct.
24, 1992, 106 Stat. 2944; Pub. L. 103-82, title II, Sec. 202(e)(1),
Sept. 21, 1993, 107 Stat. 888; Pub. L. 103-272, Sec. 4(f)(1)(Z), July 5,
1994, 108 Stat. 1363; Pub. L. 103-325, title I, Sec. 104(e), Sept. 23,
1994, 108 Stat. 2168; Pub. L. 104-106, div. C, title XXXV, Sec. 3530,
Feb. 10, 1996, 110 Stat. 642; Pub. L. 104-127, title VII, Sec. 722(b),
Apr. 4, 1996, 110 Stat. 1115; Pub. L. 104-134, title III, Sec. 3117(a),
Apr. 26, 1996, 110 Stat. 1321-350; Pub. L. 104-287, Sec. 4(2), Oct. 11,
1996, 110 Stat. 3388; Pub. L. 105-134, title IV, Sec. 415(d)(2), Dec. 2,
1997, 111 Stat. 2590; Pub. L. 107-171, title VI, Sec. 6201(d)(6), May
13, 2002, 116 Stat. 419.)
Historical and Revision Notes
1982 Act
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Revised Section Source (U.S. Code) Source (Statutes at Large)
----------------------------------------------------------------------------------------------------------------
9101(1).............................. (no source).
9101(2).............................. 31:856. Dec. 6, 1945, ch. 557, Sec. 201, 59
Stat. 600; July 26, 1956, ch. 741, Sec.
201(a)(2), (3), 70 Stat. 667; Oct. 30,
1970, Pub. L. 91-518, Sec. 804, 84
Stat. 1340; May 7, 1971, Pub. L. 92-12,
Sec. 4, 85 Stat. 37; Jan. 2, 1974, Pub.
L. 93-236, Secs. 202(g)(1), 301(f)
(last sentence), 87 Stat. 992, 1005;
Feb. 5, 1976, Pub. L. 94-210, Sec.
612(b), 90 Stat. 108; Aug. 20, 1978,
Pub. L. 95-351, Sec. 301(a), 92 Stat.
513; Nov. 10, 1978, Pub. L. 95-630, Sec.
1805, 92 Stat. 3724; Aug. 13, 1981,
Pub. L. 97-35, Sec. 396(h)(1), 95 Stat.
440.
9101(3).............................. 31:846. Dec. 6, 1945, ch. 577, Sec. 101, 59
Stat. 597; Aug. 10, 1948, ch. 832, Sec.
501(b)(less proviso), 62 Stat. 1283;
June 30, 1949, ch. 285, Sec. 13, 63
Stat. 356; May 13, 1954, ch. 201, Sec.
6, 68 Stat. 95; July 26, 1956, ch. 741,
Sec. 201(a)(1), 70 Stat. 667; June 30,
1958, Pub. L. 85-477, Sec. 502(c), 72
Stat. 272; Oct. 4, 1961, Pub. L. 87-353,
Sec. 3(u), 75 Stat. 774; May 25, 1967,
Pub. L. 90-19, Sec. 4, 81 Stat. 20;
Aug. 1, 1968, Pub. L. 90-448, Secs.
807(e), 1719(d), 82 Stat. 544, 610; Dec.
30, 1969, Pub. L. 91-175, Sec. 501, 83
Stat. 825; Oct. 27, 1972, Pub. L. 92-
578, Sec. 15, 86 Stat. 1274; Sept. 2,
1974, Pub. L. 93-406, Sec. 4002(g)(3),
88 Stat. 1005.
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Clause (1) is included because a number of the provisions of the
chapter apply to mixed-ownership and wholly owned Government
corporations, and the term ``Government corporation'' provides a simple
phrase to refer to both of those kinds of corporations.
In clause (2)(A), ``Amtrak'' is substituted for ``National Railroad
Passenger Corporation'' to conform to section 103(1) of the Rail
Passenger Service Act (45 U.S.C. 502(1)).
In clause (2)(I), the words ``when the ownership, control, and
operation of the Bank are converted under section 410(a) of the Rural
Electrification Act of 1936 (7 U.S.C. 950(a))'' are added because of
7:943(c) and 950(a).
In clause (3), the words ``Regional Agricultural Credit
Corporations'' are omitted because the corporations were merged with and
liquidated by the Regional Agricultural Credit Corporation of
Washington, D.C., which was dissolved on April 16, 1949. The words
``Farmers Home Corporation'' are omitted because the corporation never
was activated. The words ``Federal Surplus Commodities Corporation'' are
omitted because the corporation and the Division of Marketing and
Marketing Agreements were consolidated into the Surplus Marketing
Administration, which was merged into the Agricultural Marketing
Administration, which was dissolved on March 14, 1947. The words
``Reconstruction Finance Corporation'' are omitted because the
corporation was abolished on June 30, 1957. The words ``Defense Plant
Corporation; Defense Supplies Corporation; Metals Reserve Company;
Rubber Reserve Company'' are omitted because the corporations and
companies were dissolved on July 1, 1945. The words ``War Damage
Corporation'' are omitted because the corporation was terminated on
January 22, 1947. The words ``the RFC Mortgage Company'' are omitted
because the company was transferred to the Reconstruction Finance
Corporation, which was abolished on June 30, 1957. The words ``Disaster
Loan Corporation'' are omitted because the corporation was dissolved on
July 1, 1945. The words ``Inland Waterways Corporation'' are omitted
because the corporation was liquidated on July 19, 1963. The words
``Warrior River Terminal Company'' are omitted because the company was
transferred to the Inland Waterways Corporation, which was liquidated on
July 13, 1963. The words ``Virgin Islands Corporation'' are omitted
because the corporation was dissolved on July 1, 1966. The words
``United States Spruce Production Corporation'' are omitted because the
corporation was dissolved on December 12, 1946. The words ``Institute of
Inter-American Affairs'' are omitted because the institute was
transferred to the Foreign Operations Administration, which was
abolished on May 9, 1955. The words ``Institute of Inter-American
Transportation'' are omitted because the institute was dissolved August
24, 1949. The words ``Inter-American Educational Foundation,
Incorporated'' are omitted because the foundation was succeeded by the
Institute of Inter-American Affairs, which was transferred to the
Foreign Operations Administration, which was abolished on May 9, 1955.
The words ``Inter-American Navigation Corporation'' are omitted because
the corporation was dissolved on February 25, 1947. The words
``Prencinradio, Incorporated'' are omitted because Prencinradio,
Incorporated was dissolved May 10, 1949. The words ``Cargoes,
Incorporated'' are omitted because Cargoes, Incorporated was dissolved
April 30, 1945. The words ``Export-Import Bank of the United States''
are substituted for ``Export-Import Bank of Washington'' because of
section 1(a) of the Act of March 13, 1968 (Pub. L. 90-267, 82 Stat. 47).
The words ``Petroleum Reserves Corporation'' are omitted because the
corporation was transferred to the Office of Economic Warfare, which was
consolidated into the Foreign Economic Administration, which was
transferred to the Reconstruction Finance Corporation and changed to the
War Assets Corporation. The War Assets Corporation was dissolved as soon
as practicable after March 25, 1946. The words ``Rubber Development
Corporation'' are omitted because the certificate of incorporation
expired on June 30, 1947. The words ``U. S. Commercial Company'' are
omitted because the company was liquidated after June 30, 1948. The
words ``Smaller War Plants Corporation'' are omitted because the
corporation was abolished on June 30, 1947. The words ``Defense Homes
Corporation'' are omitted because the corporation was liquidated on June
30, 1948. The words ``Home Owners' Loan Corporation'' are omitted
because the corporation was dissolved on February 3, 1954. The words
``United States Housing Corporation'' are omitted because the
corporation was terminated on September 8, 1952. The words ``Panama
Railroad Company'' (subsequently changed to ``Panama Canal Company'' by
section 2(a)(2) of the Act of September 26, 1950 (ch. 1049, 64 Stat.
1038)), are omitted because of 22:ch. 51. The words ``Tennessee Valley
Associated Cooperatives, Incorporated'' are omitted because the
corporation was dissolved on January 18, 1950.
In clause (3)(J), the words ``until the ownership, control, and
operation of the Bank are converted under section 410(a) of the Rural
Electrification Act of 1936 (7 U.S.C. 950(a))'' are added because of
7:943(c) and 950(a). Clause (L) is substituted for the ``Federal Housing
Administration'' because of section 5 of the Department of Housing and
Urban Development Act (Pub. L. 89-174, 79 Stat. 669).
1983 Act
This amends 31:9101(2) because the National Consumer Cooperative
Bank is no longer a mixed-ownership Government corporation. Section
396(h)(1) and (i) of the Omnibus Budget Reconciliation Act of 1981 (Pub.
L. 97-35, 95 Stat. 440) provided that the Bank would cease being a
mixed-ownership Government corporation on the day after the Final
Government Equity Redemption Date. Section 501(36) of the Act of
December 23, 1981 (Pub. L. 97-101, 95 Stat. 1440), provided that the
Redemption Date was December 31, 1981.
Amendments
2002--Par. (3)(Q). Pub. L. 107-171 struck out subpar. (Q) which
read: ``the Alternative Agricultural Research and Commercialization
Corporation.''
1997--Par. (2). Pub. L. 105-134 redesignated subpars. (B) to (L) as
(A) to (K), respectively, and struck out former subpar. (A) which read:
``Amtrak.''
1996--Par. (2)(J) to (M). Pub. L. 104-287, Sec. 4(2)(A), (B),
redesignated subpars. (K) to (M) as (J) to (L), respectively, and struck
out former subpar. (J), which read: ``the United States Railway
Association''.
Par. (3)(B). Pub. L. 104-287, Sec. 4(2)(C), substituted a period for
the semicolon at end.
Par. (3)(N). Pub. L. 104-127, Sec. 722(b)(1), and Pub. L. 104-287,
Sec. 4(2)(D), amended par. (3) identically, redesignating subpar. (N),
relating to Uranium Enrichment Corporation, as (O).
Par. (3)(O). Pub. L. 104-134, which directed the amendment of par.
(3) of this section by striking out subpar. (N) as added by section
902(b) of Pub. L. 102-486, was executed by striking out subpar. (O), to
reflect the probable intent of Congress, because of the redesignation of
that subpar. (N) as (O) by section 722(b)(1) of Pub. L. 104-127 and
section 4(2)(D) of Pub. L. 104-287. Subpar. (O) read as follows: ``the
Uranium Enrichment Corporation.''
Pub. L. 104-127, Sec. 722(b)(1), and Pub. L. 104-287, Sec. 4(2)(D),
amended par. (3) identically, redesignating subpar. (N), relating to
Uranium Enrichment Corporation, as (O).
Par. (3)(P). Pub. L. 104-106 added subpar. (P).
Par. (3)(Q). Pub. L. 104-127, Sec. 722(b)(2), added subpar. (Q).
1994--Par. (2)(K). Pub. L. 103-272 substituted ``the'' for ``The''.
Par. (3)(B) to (N). Pub. L. 103-325 added subpar. (B) and
redesignated former subpars. (B) to (M) as (C) to (N), respectively.
1993--Par. (3)(E). Pub. L. 103-82 added subpar. (E).
1992--Par. (3)(N). Pub. L. 102-486 added subpar. (N) relating to the
Uranium Enrichment Corporation.
1989--Par. (2)(L). Pub. L. 101-73, Sec. 501(d), added subpar. (L).
Par. (2)(M). Pub. L. 101-73, Sec. 511(b)(1), added subpar. (M).
Par. (3)(E). Pub. L. 101-73, Sec. 307(e), struck out subpar. (E)
relating to Federal Savings and Loan Insurance Corporation.
1987--Par. (2)(K). Pub. L. 100-86 added subpar. (K).
1983--Par. (2)(K). Pub. L. 97-452 struck out subpar. (K) which had
already been struck out by Pub. L. 97-258. See 1982 Amendment note
below.
1982--Par. (2)(K). Pub. L. 97-258, Sec. 2(l)(1), struck out subpar.
(K) relating to National Consumer Cooperative Bank.
Effective Date of 1996 Amendment
Section 3117(a) of Pub. L. 104-134 provided that the amendment made
by that section was to take effect as of the privatization date [July
28, 1998]. For definition of that term, see section 2297h(9) of Title
42, The Public Health and Welfare.
Effective Date of 1993 Amendment
Amendment by Pub. L. 103-82 effective Oct. 1, 1993, see section
202(i) of Pub. L. 103-82, set out as an Effective Date note under
section 12651 of Title 42, The Public Health and Welfare.
Effective Date of 1983 Amendment
Amendment effective Sept. 13, 1982, see section 2(i) of Pub. L. 97-
452, set out as a note under section 3331 of this title.
Effective Date of 1982 Amendment
Section 2(l) of Pub. L. 97-258 provided that the amendment made by
that section is effective Jan. 1, 1982.
Dissolution of Pennsylvania Avenue Development Corporation
Pennsylvania Avenue Development Corporation dissolved on or before
Apr. 1, 1996, and assets, obligations, indebtedness, and unobligated and
unexpended balances of Corporation transferred, see Pub. L. 92-578,
Sec. 3, Oct. 27, 1972, 86 Stat. 1267, as amended, which was classified
to section 872 of former Title 40, Public Buildings, Property, and
Works, prior to repeal by Pub. L. 107-217, Sec. 6(b), Aug. 21, 2002, 116
Stat. 1304.
Abolition of United States Railway Association and Transfer of Functions
The United States Railway Association was abolished effective Apr.
1, 1987, with all powers, duties, rights, and obligations of Association
relating to Consolidated Rail Corporation under the Regional Rail
Reorganization Act of 1973 (45 U.S.C. 701 et seq.) transferred to
Secretary of Transportation on Jan. 1, 1987, and any securities of
Corporation held by Association transferred to Secretary of
Transportation on Oct. 21, 1986, see section 1341 of Title 45,
Railroads.
Compensation Practices of Government Corporations
For provisions relating to certain bonuses paid by mixed-ownership
and wholly owned corporations listed in pars. (2) and (3) of this
section, see Ex. Ord. No. 12976, Oct. 5, 1995, 60 F.R. 52829, set out as
a note under section 4501 of Title 5, Government Organization and
Employees.
Section Referred to in Other Sections
This section is referred to in sections 1105, 1344, 1352 of this
title; title 2 sections 651, 1602; title 5 sections 2302, 8147; title 7
section 943; title 12 sections 1757, 2293; title 16 section 838i; title
40 section 502; title 41 section 601.
