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31 U.S.C. § 9103 — Budgets of wholly owned Government corporations
Federal law — U.S. Code and appendices · legal_authorities
**(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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section1105&num=0&edition=prelim). The President thereafter may submit changes in a budget program of a corporation at any time.
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Source location: Title 31, Chapter 91, § 9103; chapter-091-government-corporations.md
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**(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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section1105&num=0&edition=prelim). The President thereafter may submit changes in a budget program of a corporation at any time.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** On or after the first Monday in January but not later than the first Monday in February of each year, the President shall submit a budget of the United States Government for the following fiscal year. Each budget shall include a budget message and summary and supporting information. The President shall include in each budget the following:
(1) information on activities and functions of the Government.
(2) when practicable, information on costs and achievements of Government programs.
(3) other desirable classifications of information.
(4) a reconciliation of the summary information on expenditures with proposed appropriations.
(5) except as provided in subsection (b) of this section, estimated expenditures and proposed appropriations the President decides are necessary to support the Government in the fiscal year for which the budget is submitted and the 4 fiscal years after that year.
(6) estimated receipts of the Government in the fiscal year for which the budget is submitted and the 4 fiscal years after that year under—
(A) laws in effect when the budget is submitted; and
(B) proposals in the budget to increase revenues.
(7) appropriations, expenditures, and receipts of the Government in the prior fiscal year.
(8) estimated expenditures and receipts, and appropriations and proposed appropriations, of the Government for the current fiscal year.
(9) balanced statements of the—
(A) condition of the Treasury at the end of the prior fiscal year;
(B) estimated condition of the Treasury at the end of the current fiscal year; and
(C) estimated condition of the Treasury at the end of the fiscal year for which the budget is submitted if financial proposals in the budget are adopted.
(10) essential information about the debt of the Government.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 1105
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Powers**
(1) The Secretary of Commerce, acting through the Director of the National Technical Information Service (hereafter in this section referred to as the “Director”) is authorized to do the following:
(A) Enter into such contracts, cooperative agreements, joint ventures, and other transactions, in accordance with all relevant provisions of Federal law applicable to such contracts and agreements, and under reasonable terms and conditions, as may be necessary in the conduct of the business of the National Technical Information Service (hereafter in this section referred to as the “Service”).
(B) In addition to the authority regarding fees contained in section 2 of the Act entitled “An Act to provide for the dissemination of technological, scientific, and engineering information to American business and industry, and for other purposes” enacted September 9, 1950 ([15 U.S.C. 1152](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1152&num=0&edition=prelim)), retain and, subject to appropriations Acts, utilize its net revenues to the extent necessary to implement the plan submitted under subsection (f)(3)(D).
(C) Enter into contracts for the performance of part or all of the functions performed by the Promotion Division of the Service prior to October 24, 1988. The details of any such contract, and a statement of its effect on the operations and personnel of the Service, shall be provided to the appropriate committees of the Congress 30 days in advance of the execution of such contract.
(D) Employ such personnel as may be necessary to conduct the business of the Service.
(E) For the period of October 1, 1991 through September 30, 1992, only, retain and use all earned and unearned monies heretofore or hereafter received, i
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 3704b
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General Authority.—** In carrying out this chapter, the Secretary of Transportation may—
(1) prescribe terms for a project that receives Federal financial assistance under this chapter (except terms the Secretary of Labor prescribes under [section 5333(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title49-section5333/b&num=0&edition=prelim));
(2) sue and be sued;
(3) foreclose on property or bring a civil action to protect or enforce a right conferred on the Secretary of Transportation by law or agreement;
(4) buy property related to a loan under this chapter;
(5) agree to pay an annual amount in place of a State or local tax on real property acquired or owned under this chapter;
(6) sell, exchange, or lease property, a security, or an obligation;
(7) obtain loss insurance for property and assets the Secretary of Transportation holds;
(8) consent to a modification in an agreement under this chapter;
(9) include in an agreement or instrument under this chapter a covenant or term the Secretary of Transportation considers necessary to carry out this chapter;
(10) collect fees to cover the costs of training or conferences, including costs of promotional materials, sponsored by the Federal Transit Administration to promote public transportation and credit amounts collected to the appropriation concerned; and
(11) issue regulations as necessary to carry out the purposes of this chapter.
**(b) Prohibitions Against Regulating Operations and Charges.—**
(1) **In general.—** — Except for purposes of national defense or in the event of a national or regional emergency, or for purposes of establishing and enforcing a program to improve the safety of public transportation systems in the United States as described in section 5329, t
Source: Supplied U.S. Code snapshot — release unconfirmed · 49 U.S.C. § 5334
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Federal law — U.S. Code and appendices · legal_authorities
Page 575
TITLE 31—MONEY AND FINANCE
§ 9104
this title, see Disposition Table preceding section 101 of
this title.
DISSOLUTION OF PENNSYLVANIA AVENUE DEVELOPMENT
CORPORATION
Pennsylvania Avenue Development Corporation dis-
solved on or before Apr. 1, 1996, and assets, obligations,
indebtedness, and unobligated and unexpended balances
of Corporation transferred, see Pub. L. 92–578, § 3, Oct.
27, 1972, 86 Stat. 1267, as amended, which was classified
to section 872 of former Title 40, Public Buildings,
Property, and Works, prior to repeal by Pub. L. 107–217,
§ 6(b), Aug. 21, 2002, 116 Stat. 1304.
ABOLITION OF UNITED STATES RAILWAY ASSOCIATION AND
TRANSFER OF FUNCTIONS
The United States Railway Association was abolished
effective Apr. 1, 1987, with all powers, duties, rights,
and obligations of Association relating to Consolidated
Rail Corporation under the Regional Rail Reorganiza-
tion Act of 1973 (45 U.S.C. 701 et seq.) transferred to
Secretary of Transportation on Jan. 1, 1987, and any se-
curities of Corporation held by Association transferred
to Secretary of Transportation on Oct. 21, 1986, see sec-
tion 1341 of Title 45, Railroads.
COMPENSATION PRACTICES OF GOVERNMENT
CORPORATIONS
For provisions relating to certain bonuses paid by
mixed-ownership and wholly owned corporations listed
in pars. (2) and (3) of this section, see Ex. Ord. No. 12976,
Oct. 5, 1995, 60 F.R. 52829, set out as a note under sec-
tion 4501 of Title 5, Government Organization and Em-
ployees.
§ 9102. Establishing and acquiring corporations
An agency may establish or acquire a corpora-
tion to act as an agency only by or under a law
of the United States specifically authorizing the
action.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1042.)
HISTORICAL AND REVISION NOTES
Re
Source: Supplied 2024 U.S. Code historical extraction · 31 U.S.C. § 9103
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