22 U.S.C. § 4059 — Investment of Fund
submitted 46 years ago by Pub. L. 96-465 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 61 words · no verdicts yet
The Treasury Secretary must invest Fund money that is not immediately needed in interest-bearing United States securities. The investment income becomes part of the Fund.
The Secretary of the Treasury must periodically invest in interest-bearing United States securities the portions of the Fund that, in the Secretary's judgment, are not immediately needed to pay annuities, cash benefits, refunds, and allowances. Income from those investments becomes part of the Fund.
The Secretary of the Treasury shall invest from time to time in interest-bearing securities of the United States such portions of the Fund as in the judgment of the Secretary of the Treasury may not be immediately required for the payment of annuities, cash benefits, refunds, and allowances. The income derived from such investments shall constitute a part of the Fund.
Source credit: (Pub. L. 96–465, title I, § 819, Oct. 17, 1980, 94 Stat. 2120.)
- 1980Enacted · Pub. L. 96-465 · 94 Stat. 2120
A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-465 on 1980-10-17.
all 0 arguments · sorted by: best
no arguments yet — make the first case