31 U.S.C. § 9103 : US Code - Section 9103: Budgets of wholly owned Government corporations
Search 31 U.S.C. § 9103 : US Code - Section 9103: Budgets of wholly owned Government corporations
(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. The President thereafter may submit changes in a budget
program of a corporation at any time.
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