20 U.S.C. § 4420 : US Code - Section 4420: Tax status; tort liability

Search 20 U.S.C. § 4420 : US Code - Section 4420: Tax status; tort liability

(a) Tax status
The Institute and the franchise, capital, reserves, income, and
property of the Institute shall be exempt from all taxation now or
hereafter imposed by the United States, by any Indian tribe, or by
any State or political subdivision thereof.
(b) Tort liability
(1) The Institute shall be subject to liability relating to tort
claims only to the extent a Federal agency is subject to such
liability under chapter 171 of title 28.
(2) For purposes of chapter 171 of title 28, the Institute shall
be treated as a Federal agency (within the meaning of section 2671
of such title).
(3) For purposes of chapter 171 of title 28, the President of the
Institute shall be deemed the head of the Agency.