20 U.S.C. § 4420 — Tax status; tort liability

(a) Tax status The Institute^* and the franchise, capital, reserves, income, and property of the Institute must be exempt from all taxation now or hereafter imposed by the United States, by any Indian tribe^*, or by any State or political subdivision of it. (b) Tort liability (1) The Institute must 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. (2) For purposes of chapter 171 of title 28, the Institute must be treated as a Federal agency (within the meaning of section 2671 of such title). (3) For purposes of chapter 171 of title 28, the President of the Institute must be deemed the head of the Agency.