Skip to main content

Applicability of Government Corporation Control Act to “Gain Sharing Benefit” Agreement

Date of Issuance:
Headnotes

The Government Corporation Control Act does not require the National Aeronautics and Space Administration to obtain legislative authorization before entering into a “gain sharing benefit” agreement with a private corporation that grants NASA deferred cash payments based on an increase in the value of the corporation’s common stock.

Updated July 9, 2014