50 U.S.C. § 4214 — Trust Fund
submitted 38 years ago by Pub. L. 100-383 to r/title-50-WAR-AND-NATIONAL-DEFENSE · 236 words · no verdicts yet
This section creates the Civil Liberties Public Education Fund, sets its investment and permitted uses, limits its duration, and authorizes $1.65 billion. The section states these rules.
(a) Establishment. The Civil Liberties Public Education Fund* is established in the United States Treasury and administered by the Secretary of the Treasury.
(b) Investment. Fund money must be invested under section 9702 of title 31.
(c) Uses. Money may be disbursed only by the Attorney General under section 4215 and by the Board* under section 4216.
(d) Termination. The Fund ends on the earlier of when the amount spent equals the amount authorized under subsection (e) plus income earned on that amount, or 10 years after August 10, 1988. If money remains then, investments must be liquidated, receipts deposited in the Fund, and all remaining money deposited in the Treasury’s miscellaneous receipts account.
(e) Appropriations. Congress authorizes $1,650,000,000 for the Fund, with no more than $500,000,000 appropriated in any fiscal year. Appropriated amounts may remain available until spent.
There is established in the Treasury of the United States the Civil Liberties Public Education Fund*, which shall be administered by the Secretary of the Treasury.
Amounts in the Fund shall be invested in accordance with section 9702 of title 31.
Amounts in the Fund shall be available only for disbursement by the Attorney General under section 4215 of this title and by the Board* under section 4216 of this title.
The Fund shall terminate not later than the earlier of the date on which an amount has been expended from the Fund which is equal to the amount authorized to be appropriated to the Fund by subsection (e), and any income earned on such amount, or 10 years after August 10, 1988. If all of the amounts in the Fund have not been expended by the end of that 10-year period, investments of amounts in the Fund shall be liquidated and receipts thereof deposited in the Fund and all funds remaining in the Fund shall be deposited in the miscellaneous receipts account in the Treasury.
There are authorized to be appropriated to the Fund $1,650,000,000, of which not more than $500,000,000 may be appropriated for any fiscal year. Any amounts appropriated pursuant to this section are authorized to remain available until expended.
Source credit: (Pub. L. 100–383, title I, § 104, Aug. 10, 1988, 102 Stat. 905; Pub. L. 102–371, § 2, Sept. 27, 1992, 106 Stat. 1167.)
- 1988Enacted · Pub. L. 100-383 · 102 Stat. 905
- 1992Amended · Pub. L. 102-371 · 106 Stat. 1167
A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-383 on 1988-08-10.
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