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§ 9109. —  Exclusion of a wholly owned Government corporation from this chapter.

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[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
----------------------------------------------------------------------------------------------------------------
           Revised Section                   Source (U.S. Code)                Source (Statutes at Large)
----------------------------------------------------------------------------------------------------------------
9109.................................  31:852.                         Dec. 6, 1945, ch. 577, Sec.  107, 59
                                                                        Stat. 599.
----------------------------------------------------------------------------------------------------------------

    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

	 
	 




























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