Quasi-Governmental Entities and Agencies

Definition

A quasi-governmental entity is a body created or sponsored by government that operates with some independence from it, such as a government corporation, a government-sponsored enterprise or a state or local public authority; the label has no single legal definition. Federal law sorts federal government corporations into wholly owned and mixed-ownership corporations and lets an agency establish or acquire a corporation only under a law specifically authorizing it.^[1]

Federal law

A market and contract term. No Act of Congress defines it; the federal laws below apply as described.

1. Act enacting title 31, United States Code, "Money and Finance" (including the Antideficiency Act, 31 U.S.C. § 1341, and Government corporation definitions, 31 U.S.C. § 9101), Pub. L. 97-258, § 1, 96 Stat. 877. Enacted 31 U.S.C. chapter 91 (Government Corporation Control Act provisions), which defines wholly owned and mixed-ownership federal government corporations; does not define "quasi-governmental" and does not cover state or local authorities. Official text: govinfo.gov, U.S. Government Publishing Office.