Government Corporations:

Profiles of Existing Government Corporations

GGD-96-14: Published: Dec 13, 1995. Publicly Released: Dec 18, 1995.

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Pursuant to a congressional request, GAO reviewed 22 government corporations, focusing on their reported adherence to federal statutes.

GAO found that: (1) identifying government corporations is difficult, since no comprehensive definition of or criteria for creating them exist; (2) there are 22 self-reported government corporations in operation and 5 other entities that are generally considered to be government corporations that receive some operating funds from annual federal appropriations; (3) Congress exempts government corporations from some key management laws to allow them flexibility in their personnel practices; and (4) government corporations vary in their reported compliance with certain federal statutes, mainly because of these exemptions.

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