20 U.S.C. § 4420 — Tax status; tort liability
submitted 40 years ago by Pub. L. 99-498 to r/title-20-EDUCATION · 124 words · no verdicts yet
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The Institute* and the franchise, capital, reserves, income, and property of the Institute shall be exempt from all taxation now or hereafter imposed by the United States, by any Indian tribe*, or by any State or political subdivision thereof.
The Institute shall be subject to liability relating to tort claims only to the extent a Federal agency is subject to such liability under chapter 171 of title 28.
For purposes of chapter 171 of title 28, the Institute shall be treated as a Federal agency (within the meaning of section 2671 of such title).
For purposes of chapter 171 of title 28, the President of the Institute shall be deemed the head of the Agency.
Source credit: (Pub. L. 99–498, title XV, § 1513, Oct. 17, 1986, 100 Stat. 1608; Pub. L. 100–446, title II, Sept. 27, 1988, 102 Stat. 1818.)
- 1986Enacted · Pub. L. 99-498 · 100 Stat. 1608
- 1988Amended · Pub. L. 100-446 · 102 Stat. 1818
A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-498 on 1986-10-17.
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