Page:United States Statutes at Large Volume 98 Part 3.djvu/727

 PUBLIC LAW 98-584—OCT. 30, 1984

98 STAT. 3099

ANNUAL REPORT

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 the report of the audit of the corporation required by section 2 of the Act entitled "An Act to provide for audit of accounts of private corporations established under Federal law", approved August 30, 1964 (36 U.S.C. 1101). The report shall not be printed as a public document.

36 USC 3111.

RESERVATION OF RIGHT TO AMEND OR REPEAL CHARTER

SEC. 13. The right to amend or repeal this Act is expressly reserved to the Congress.

Congress. 36 USC 3112.

DEFINITION OF " S T A ^ E "

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

36 USC 3113.

TAX-EXEMPT STATUS

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 by this Act shall expire.

36 USC 3114.

TERMINATION

SEC. 16. If the corporation fails to comply with any of the restrictions or provisions of this Act, the charter granted by this Act shall expire. Approved October 30, 1984.

LEGISLATIVE HISTORY-H.R. 4966 (S. 2720): CONGRESSIONAL RECORD, Vol. 130 (1984): Sept. 26, considered and passed House. Oct. 4, considered and passed Senate, amended. Oct. 5, House concurred in Senate amendments.

36 USC 3115.

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