United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1995-03-30 monographic deposited born digital 62 p. GA 1.13:GGD-95-57FS https://www.govinfo.gov/app/details/GAOREPORTS-GGD-95-57FS P0b002ee180371603 f:gg95057f DGPO 2010-08-12 2011-03-24 GAOREPORTS-GGD-95-57FS machine generated eng fdlp REPORT GAOREPORTS-GGD-95-57FS GGD-95-57FS Federal corporations Proposed legislation Agency missions Federal agency reorganization Electric power generation Oil resources Air traffic control systems Mortgage programs National parks Community development Bonneville Power Incorporation Act Federal Power Administration Privatization Act of 1995 Federal Employees Retirement System FAA Air Traffic Control System Air Traffic Control Service Improvement Act of 1994 Federal Housing Administration Fund Golden Gate National Recreation Area (CA) National Infrastructure Development Act of 1994 Naval Petroleum Reserve No. 1 (Elk Hills, CA) Fact Sheet GGD

Pursuant to a congressional request, GAO provided information on the proposed Bonneville Power Corporation (BPC), the National Petroleum Reserves Corporation (NPRC), the U.S. Air Traffic Services Corporation (USATS), the Federal Housing Administration (FHA), the Presidio Trust, the National Infrastructure Development Corporation (NIDC), the National Infrastructure Insurance Corporation (NIIC), and on the newly created Community Development Financial Institutions Fund (CDFIF), focusing on the corporations': (1) purposes; (2) status and sponsors; (3) management structures; (4) revenue sources and budget; (5) staffing; and (6) statutory and regulatory exemptions.<p/>GAO found that: (1) BPC would assume the Bonneville Power Administration's operations, NPRC would manage and operate national petroleum reserves, USATS would operate the air traffic control system, FHA would provide mortgage insurance, the Presidio Trust would operate the Presidio, NIDC would promote public-private partnership investments in economic projects, and NIIC would provide insurance and reinsurance for certain infrastructure projects; (2) some proposals are still under development while others have yet to pass Congress; (3) corporation sponsors include cabinet officials, representatives, and senators; (4) the corporations' management structures include a single administrator reporting to the relevant cabinet secretary or a board of directors; (5) corporate funding would derive from customers or users, U.S. Treasury or private-sector borrowing authority, and appropriations; (6) in general, the corporations would not be included in the federal budget; (7) staffing for some corporations has not been developed, but some current federal employees would transfer to the new corporations; (8) the corporations would be exempt from various procurement, personnel, and other laws and regulations, but they would be subject to certain modified provisions; (9) Congress has established CDFIF to promote economic revitalization and community development through community development financial institutions; and (10) CDFIF has an administrator and 6 staff, is funded by appropriations, and is exempt from certain laws and regulations. https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-95-57FS/html/GAOREPORTS-GGD-95-57FS.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-95-57FS/pdf/GAOREPORTS-GGD-95-57FS.pdf GAO/GGD-95-57FS https://www.govinfo.gov/app/details/GAOREPORTS-GGD-95-57FS Fact Sheet GAO/GGD-95-57FS; Government Corporations: Profiles of Recent Proposals; Federal corporations Proposed legislation Agency missions Federal agency reorganization Electric power generation Oil resources Air traffic control systems Mortgage programs National parks Community development Bonneville Power Incorporation Act Federal Power Administration Privatization Act of 1995 Federal Employees Retirement System FAA Air Traffic Control System Air Traffic Control Service Improvement Act of 1994 Federal Housing Administration Fund Golden Gate National Recreation Area (CA) National Infrastructure Development Act of 1994 Naval Petroleum Reserve No. 1 (Elk Hills, CA) Title 2 Section 661-661F Title 2 Section 901et seq. 2 U.S.C. 661-661F 2 U.S.C. 901et seq. Title 5 Section 1302(B) Title 5 Section 301 Title 5 Section 5316 Title 5 Section 5392 Title 5 Section 7311(3) Title 5 Chapter 51 Title 5 Chapter 53 Title 5 Appendix 14 Title 5 Appendix 2 5 U.S.C. 1302(B) 5 U.S.C. 301 5 U.S.C. 5316 5 U.S.C. 5392 5 U.S.C. 7311(3) 5 U.S.C. Chapter 51 5 U.S.C. Chapter 53 5 U.S.C. App. 14 5 U.S.C. App. 2 Title 12 Section 1701 12 U.S.C. 1701 Title 16 Section 18g 16 U.S.C. 18g Title 18 Section 1918 18 U.S.C. 1918 Title 31 Section 1341 Title 31 Section 1352 Title 31 Section 1511-1519 Title 31 Section 1535-1536 Title 31 Section 3124 Title 31 Section 3526-3528 Title 31 Section 3713 Title 31 Section 3901-3907 Title 31 Section 9101 Title 31 Section 9107(B) 31 U.S.C. 1341 31 U.S.C. 1352 31 U.S.C. 1511-1519 31 U.S.C. 1535-1536 31 U.S.C. 3124 31 U.S.C. 3526-3528 31 U.S.C. 3713 31 U.S.C. 3901-3907 31 U.S.C. 9101 31 U.S.C. 9107(B) Title 40 Section 253(G) Title 40 Section 276AET SEQ. Title 40 Section 471 Title 40 Section 490B Title 40 Section 601-619 Title 40 Section 759 40 U.S.C. 253(G) 40 U.S.C. 276AET SEQ. 40 U.S.C. 471 40 U.S.C. 490B 40 U.S.C. 601-619 40 U.S.C. 759 Title 41 Section 253(g) Title 41 Section 35-45 Title 41 Section 351-358 Title 41 Section 401 Title 41 Section 416 Title 41 Section 423 Title 41 Section 51-58 Title 41 Section 601-613 41 U.S.C. 253(g) 41 U.S.C. 35-45 41 U.S.C. 351-358 41 U.S.C. 401 41 U.S.C. 416 41 U.S.C. 423 41 U.S.C. 51-58 41 U.S.C. 601-613 Title 42 Section 11411-11412 42 U.S.C. 11411-11412 Title 44 Section 1101-1123 Title 44 Section 3501-3520 Title 44 Section 501-517 44 U.S.C. 1101-1123 44 U.S.C. 3501-3520 44 U.S.C. 501-517 Title 49 Appendix 1344 49 U.S.C. App. 1344 Public Law 80-174 Public Law 92-463 Public Law 92-589 Public Law 94-258 Public Law 98-369 Public Law 101-194 Public Law 103-226 Public Law 103-325 Public Law 103-355 Title 24 Part 200.3 24 CFR Part 200.3