Page:United States Statutes at Large Volume 95.djvu/1122

 95 STAT. 1096

PUBLIC LAW 97-83—NOV. 20, 1981 ANNUAL REPORT

36 USC 1811.

SEC. 12. The corporation shall report annually to the Congress concerning the activities of the corporation during the preceding fiscal year. Such annual report shall be submitted at the same time as in the report of the audit required by section 11 of this Act. The report shall not be printed as a public document. RESERVATION OF RIGHT TO AMEND OR REPEAL CHARTER

36 USC 1812.

SEC. 13. The right to alter, amend, or repeal this Act is expressly reserved to the Congress. DEFINITION OF STATE

36 USC 1813.

SEC. 14. For purposes of this Act, the term "State" includes the District of Columbia, the Commonwealth of Puerto Rico, and the territories and possessions of the United States. TAX EXEMPT STATUS

36 USC 1814.

SEC. 15. The corporation shall maintain its status as an organization exempt from taxation as provided in the Internal Revenue Code. If the corporation fails to maintain such status, the charter granted hereby shall expire. TERMINATION

36 USC 1815.

SEC. 16. If the corporation shall fail to comply with any of the restrictions or provisions of this Act, the charter granted hereby shall expire. Approved November 20, 1981.

LEGISLATIVE HISTORY—S. 195 (H.R. 4766): HOUSE REPORT No. 97-284 accompanying H.R. 4766 (Comm. on the Judiciary). SENATE REPORT No. 97-37 (Comm. on the Judiciary). CONGRESSIONAL RECORD, Vol. 127 (1981): Apr. 27, considered and peissed Senate. Oct. 26, H.R. 4766 considered and passed Houses proceedings vacated and S. 195, amended, passed in lieu. Nov. 9, Senate concurred in House amendments.

�