§ 9103. — Budgets of wholly owned Government corporations.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 31USC9103]
TITLE 31--MONEY AND FINANCE
SUBTITLE VI--MISCELLANEOUS
CHAPTER 91--GOVERNMENT CORPORATIONS
Sec. 9103. Budgets of wholly owned Government corporations
(a) Each wholly owned Government corporation shall prepare and
submit each year to the President a business-type budget in a way, and
before a date, the President prescribes by regulation for the budget
program.
(b) The budget program for each wholly owned Government corporation
shall--
(1) contain estimates of the financial condition and operations
of the corporation for the current and following fiscal years and
the condition and results of operations in the last fiscal year;
(2) contain statements of financial condition, 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 condition and operations of the corporation, including
estimates of operations by major activities, administrative
expenses, borrowings, the amount of United States Government capital
that will be returned to the Treasury during the fiscal year, and
appropriations needed to restore capital impairments; and
(3) provide for emergencies and contingencies and otherwise be
flexible so that the corporation may carry out its activities.
(c) The President shall submit the budget programs submitted by
wholly owned Government corporations (as changed by the President) as
part of the budget submitted to Congress under section 1105 of this
title. The President thereafter may submit changes in a budget program
of a corporation at any time.
(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 1042.)
Historical and Revision Notes
----------------------------------------------------------------------------------------------------------------
Revised Section Source (U.S. Code) Source (Statutes at Large)
----------------------------------------------------------------------------------------------------------------
9103(a).............................. 31:847(1st sentence). Dec. 6, 1945, ch. 557, Sec. 102, 59
Stat. 598; Sept. 12, 1950, ch. 946, Sec.
105, 64 Stat. 834.
9103(b).............................. 31:847(2d-last sentences).
9103(c).............................. 31:848. Dec. 6, 1945, ch. 557, Sec. 103, 59
Stat. 598.
----------------------------------------------------------------------------------------------------------------
In subsection (a), the word ``President'' is substituted for
``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 ``in a way, and before a date, the President prescribes by
regulation for the budget program'' are substituted for ``under such
rules and regulations as the President may establish as to the date of
submission, the form and content, the classifications of data, and the
manner in which such budget program shall be prepared and presented'' to
eliminate unnecessary words.
In subsection (b), before clause (1), the words ``budget program''
are substituted for ``budget program shall be a business-type budget, or
plan of operation'' for consistency and to eliminate unnecessary words.
In clause (1), the words ``actual'' and ``completed'' are omitted as
surplus. In clause (2), the words ``as are necessary or desirable'',
``types of'', ``together with'', and ``funds'' are omitted as surplus.
In clause (3), the words ``as authorized by law'' are omitted as
surplus.
In subsection (c), the words ``as changed'' are substituted for ``as
modified, amended, or revised'' to eliminate unnecessary words. The word
``submit'' is substituted for ``transmitted'' for consistency. The word
``annual'' is omitted as surplus. The word ``thereafter'' is added for
clarity. The text of 31:848 (last par.) is omitted as unnecessary.
Section Referred to in Other Sections
This section is referred to in section 5134 of this title; title 12
section 1757; title 15 section 633; title 19 section 2081; title 26
section 7608; title 42 sections 295h-3d, 4017; title 48 section 1574b;
title 49 section 5334.
