[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 31USC9106]
TITLE 31--MONEY AND FINANCE
SUBTITLE VI--MISCELLANEOUS
CHAPTER 91--GOVERNMENT CORPORATIONS
Sec. 9106. Management reports
(a)(1) A Government corporation shall submit an annual management
report to the Congress not later than 180 days after the end of the
Government corporation's fiscal year.
(2) A management report under this subsection shall include--
(A) a statement of financial position;
(B) a statement of operations;
(C) a statement of cash flows;
(D) a reconciliation to the budget report of the Government
corporation, if applicable;
(E) a statement on internal accounting and administrative
control systems by the head of the management of the corporation,
consistent with the requirements for agency statements on internal
accounting and administrative control systems under the amendments
made by the Federal Managers' Financial Integrity Act of 1982
(Public Law 97-255);
(F) the report resulting from an audit of the financial
statements of the corporation conducted under section 9105 of this
title; and
(G) any other comments and information necessary to inform the
Congress about the operations and financial condition of the
corporation.
(b) A Government corporation shall provide the President, the
Director of the Office of Management and Budget, and the Comptroller
General of the United States a copy of the management report when it is
submitted to Congress.
(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 1044; Pub. L. 101-576, title
III, Sec. 306(a), Nov. 15, 1990, 104 Stat. 2854.)
Historical and Revision Notes
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Revised Section Source (U.S. Code) Source (Statutes at Large)
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9106(a).............................. 31:851(1st-3d sentences). Dec. 6, 1945, ch. 557, Sec. 106, 59
Stat. 599; Aug. 30, 1964, Pub. L. 88-
518, Sec. 2(b), 78 Stat. 698; Jan. 2,
1975, Pub. L. 93-604, Sec. 601(b), 88
Stat. 1962.
31:858(1st-3d sentences). Dec. 6, 1945, ch. 557, Sec. 203, 59
Stat. 600; Aug. 30, 1964, Pub. L. 88-
518, Sec. 1(b), 78 Stat. 698; Jan. 2,
1975, Pub. L. 93-604, Sec. 601(d), 88
Stat. 1963.
9106(b).............................. 31:851(last sentence).
31:858(last sentence).
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In subsection (a), before clause (1), the words ``of a Government
corporation'' are added for clarity. In clause (5), the words ``program,
expenditure, or other'', ``observed in the course of the audit'', and
``of law'' are omitted as surplus. In clause (6), the word ``statement''
is substituted for ``report'' for consistency. The words ``noted in the
audit'' are omitted as surplus. The word ``made'' is substituted for
``accomplished'' for consistency. In clause (7), the word ``other'' is
added for clarity because of the restatement. The words ``with respect
thereto'' are omitted as surplus.
In subsection (b), the words ``The Comptroller General'' are added
for clarity.
References in Text
The Federal Managers' Financial Integrity Act of 1982, referred to
in subsec. (a)(2)(E), is Pub. L. 97-255, Sept. 8, 1982, 96 Stat. 814,
which added subsec. (d) to section 66a of former Title 31, Money and
Finance. Section 66a of former Title 31 was repealed by Pub. L. 97-258,
Sec. 5(b), Sept. 13, 1982, 96 Stat. 1068, and reenacted by the first
section thereof as section 3512 of this title. Provisions relating to
statements on internal accounting and administrative control systems are
restated in section 3512(d)(2) and (3) of this title.
Amendments
1990--Pub. L. 101-576 substituted ``Management'' for ``Audit'' in
section catchline and amended text of section generally. Prior to
amendment, section read as follows:
``(a) The Comptroller General shall submit to Congress a report on
each audit of a Government corporation under section 9105 of this title
not later than 6.5 months after the end of the last year covered by the
audit. The report shall state the scope of the audit and include--
``(1) a statement (showing intercorporate relations) of assets,
liabilities, capital, and surplus or deficit;
``(2) a statement of surplus or deficit analysis;
``(3) a statement of income and expenditures;
``(4) a statement of sources and the use of money;
``(5) specifically each financial transaction or undertaking the
Comptroller General believes was carried out or made without
authority of law;
``(6) comments and information the Comptroller General considers
necessary to keep Congress informed about the operations and
financial condition of the Government corporation, including a
statement of impaired capital noticed and recommendations for the
return of capital of the United States Government or the payment of
dividends the Comptroller General believes should be made; and
``(7) other recommendations the Comptroller General considers
advisable.
``(b) The Comptroller General shall give the President, the
Secretary of the Treasury, and the Government corporation a copy of the
report when it is submitted to Congress.''
Section Referred to in Other Sections
This sect
