Statute · United States Code

31 U.S.C. § 9104 — Congressional action on budgets of wholly owned Government corporations

31 U.S.C. § 9104

Type: Statute
Source: United States Code
Jurisdiction: Federal
Date: 2025-01-06
Topic: capital-markets-and-corporate-governance

(a) Congress shall— (1) consider budget programs for wholly owned Government corporations the President submits; (2) make necessary appropriations authorized by law; (3) make corporate financial resources available for operating and administrative expenses; and (4) provide for repaying capital and the payment of dividends. (b) This section does not— (1) prevent a wholly owned Government corporation from carrying out or financing its activities as authorized under another law; (2) affect section 26 of the Tennessee Valley Authority Act of 1933 (16 U.S.C. 831y); or (3) affect the authority of a wholly owned Government corporation to make a commitment without fiscal year limitation.

Citator

31 U.S.C. § 9104 — Congressional action on budgets of wholly owned Government corporations is in force in the current edition of the Code, and nothing recorded condemns it.