From the Congressional Glossary – Including Legislative and Budget Terms Mixed-Ownership Government Corporation photo credit: Lori L. Stalteri An enterprise or business activity designated by the Government Corporation Control Act (31 U.S.C. § 9101) or some other statute as a mixed-ownership government corporation. The fiscal activities of some mixed-ownership government corporations appear in the budget. … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Wholly-Owned Government Corporation An enterprise or business activity designated by the Government Corporation Control Act of 1945 (31 U.S.C. § 9101) or some other statute as a wholly-owned government corporation. Each such corporation is required to submit an annual business-type statement to the Office of … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Working Capital Fund photo credit: General Wesc A type of intragovernmental revolving fund that operates as a self-supporting entity that conducts a regular cycle of businesslike activities. These funds function entirely from the fees charged for the services they provide consistent with their statutory authority. … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Revolving Fund photo credit: Orbisnonsuficit A fund established by Congress to finance a cycle of businesslike operations through amounts received by the fund. A revolving fund charges for the sale of products or services and uses the proceeds to finance its spending, usually on a … Read more