§ 4420. Tax status; tort liability
174 words·~1 min read·
/usc/title-20/section-4420A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.
(Pub. L. 99–498, title XV, § 1513, Oct. 17, 1986, 100 Stat. 1608; Pub. L. 100–446, title II, Sept. 27, 1988, 102 Stat. 1818.)
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Cited by 3 sections
statutes-at-large
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5 references not yet in our index
- Pub. L. 99–498, title XV, § 1513
- 100 Stat. 1608
- Pub. L. 100–446, title II
- 102 Stat. 1818
- Pub. L. 100–446
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§ 4420
Tax status; tort liability
Stat.×2
Stat. Comp.×1
Pub. L.Pub. L. 99–498, title XV, § 1513
Stat.100 Stat. 1608
Pub. L.Pub. L. 100–446, title II
Stat.102 Stat. 1818
Pub. L.Pub. L. 100–446
Cites 5Cited by 3 across 2 sources