16:33
jack moving up in the world :)
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Simple English definitions for legal terms
quasi-governmental agency
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A quick definition of quasi-governmental agency:
A quasi-governmental agency is a type of organization that is created by the government but operates independently. It is like a mix between a government agency and a private company. These agencies have some government powers, but they also have their own rules and regulations. They are usually created to provide a specific service to the public, such as healthcare or transportation. Examples of quasi-governmental agencies include the United States Postal Service and Amtrak.
A more thorough explanation:
A quasi-governmental agency is an organization that has some characteristics of a government agency, but is not fully controlled by the government. It may have some government funding or oversight, but also operates independently.
For example, the United States Postal Service (USPS) is a quasi-governmental agency. It is responsible for delivering mail and packages throughout the country, but it is not fully controlled by the government. It operates as a self-funded entity, but still has some government oversight.
Another example is the Federal Reserve System. It is responsible for regulating the country's monetary policy, but it is not a government agency. It is instead a quasi-public institution, with some government oversight but also some independence.
These examples illustrate how a quasi-governmental agency can have some characteristics of a government agency, but also operate independently and have its own funding and governance structure.