Page:United States Statutes at Large Volume 96 Part 1.djvu/1084

 96 STAT. 1042

PUBLIC LAW 97-258—SEPT. 13, 1982 410(a) of the Rural Electrification Act of 1936 (7 U.S.C. 950(a)). (J) the United States Railway Association. (K) the National Consumer Cooperative Bank. (3) "wholly owned Government corporation" means— (A) the Commodity Credit Corporation. (B) the Export-Import Bank of the United States. (C) the Federal Crop Insurance Corporation. (D) Federal Prison Industries, Incorporated. (E) the Federal Savings and Loan Insurance Corporation. (F) the Government National Mortgage Association. (G) the Overseas Private Investment Corporation. (H) the Pennsylvania Avenue Development Corporation. (I) the Pension Benefit Guaranty Corporation. (J) the Rural Telephone Bank until the ownership, control, and operation of the Bank are converted under section 410(a) of the Rural Electrification Act of 1936 (7 U.S.C. 950(a)). (K) the Saint 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.

§ 9102. Establishing and acquiring corporations An agency may establish or acquire a corporation to act as an agency only by or under a law of the United States specifically authorizing the action. § 9103. Budgets of wholly owned Government corporations (a) Each wholly owned Government corporation shall prepare and submit each year to the President a business-type budget in a way, and before a date, the President prescribes by regulation for the budget program. (b) The budget program for each wholly owned Government corporation shall— (1) contain estimates of the financial condition and operations of the corporation for the current and following fiscal years and the condition and results of operations in the last fiscal year; (2) contain statements of financial condition, income and expense, and sources and use of money, an analysis of surplus or deficit, and additional statements and information to make known the financial condition and operations of the corporation, including estimates of operations by major activities, administrative expenses, borrowings, the amount of United States Government capital that will be returned to the Treasury during the fiscal year, and appropriations needed to restore capital impairments; and (3) provide for emergencies and contingencies and otherwise be flexible so that the corporation may carry out its activities. (c) The President shall submit the budget programs submitted by wholly owned Government corporations (as changed by the President) as part of the budget submitted to Congress under section 1105 of this title. The President thereafter may submit changes in a budget program of a corporation at any time.

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