31 U.S.C. § 9104

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Current through P.L. 118-47 (published on www.congress.gov on 03/23/2024)

Section 9104 - Congressional action on budgets of wholly owned Government corporations

(a) Congress shall-

(1) consider budget programs for wholly owned Government corporations the President submits;

(2) make necessary appropriations authorized by law;

(3) make corporate financial resources available for operating and administrative expenses; and

(4) provide for repaying capital and the payment of dividends.

(b) This section does not-

(1) prevent a wholly owned Government corporation from carrying out or financing its activities as authorized under another law;

(2) affect section 26 of the Tennessee Valley Authority Act of 1933 ( 16 U.S.C. 831y ); or

(3) affect the authority of a wholly owned Government corporation to make a commitment without fiscal year limitation.

31 U.S.C. § 9104

Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 1043.

HISTORICAL AND REVISION NOTES
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
9104(a)	31:849(1st sentence).	Dec. 6, 1945, ch. 557, §104, 59 Stat. 598; restated July 30, 1947, ch. 358, §307, 61 Stat. 584.
9104(b)	31:849(2d, last sentences).

In subsection (a), the words "budget programs for wholly owned Government corporations" are substituted for "Budget programs" for clarity and consistency. The words "legislation . . . be enacted", "as may be", "for expenditure", "corporate funds or other", "or limiting the use thereof", "as the Congress may determine", and "funds" are omitted as surplus.In subsection (b), the word "existing" is omitted as surplus. In clause (1), the word "another" is added for clarity. In clause (3), the words "contracts or other" and "reference to" are omitted as surplus.

wholly owned Government corporation: "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 United States International Development Finance Corporation.(I) the Pennsylvania Avenue Development Corporation.(J) the Pension Benefit Guaranty Corporation.(K) the Great Lakes St. Lawrence Seaway Development Corporation.(L) the Secretary of Housing and Urban Development when carrying out duties and powers related to the Federal Housing Administration Fund.(M) the Tennessee Valley Authority.(N) the Panama Canal Commission.(O) the Millennium Challenge Corporation.(P) the International Clean Energy Foundation.