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31 U.S.C. § 9104 — Congressional action on budgets of wholly owned Government corporations

submitted 44 years ago by Pub. L. 97-258 to r/title-31-MONEY-AND-FINANCE · 104 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section describes Congress’s required actions on budgets of wholly owned Government corporations. It also preserves specified powers and authorities.

(a) Congress must— (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.

the actual law source: uscode.house.gov ↗public domain
(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.

Source credit: (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1043.)

history & why it existsrecord from the source credit
  • 1982Enacted · Pub. L. 97-258 · 96 Stat. 1043

A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-258 on 1982-09-13.

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