Page:United States Statutes at Large Volume 98 Part 3.djvu/58

 98 STAT. 2430

PUBLIC LAW 98-520—OCT. 19, 1984 ANNUAL REPORT

36 USC 2811.

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 is 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

Congress. 36 USC 2812.

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

36 USC 2813.

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 2814.

SEC. 15. The corporation shall maintain its status as an organization exempt from taxation as provided in the Internal Revenue Code of 1954. If the corporation fails to maintain such status, the charter granted hereby shall expire. TERMINATION

36 USC 2815.

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 October 19, 1984.

LEGISLATIVE HISTORY—H.R. 2372: CONGRESSIONAL RECORD, Vol. 130 (1984): Oct. 4, considered and passed House. Oct. 5, considered and passed Senate.

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