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12 U.S.C. § 1438a — Nonadministrative expenses; expenses of studies and investigations
submitted 66 years ago by Pub. L. 86-626 to r/title-12-BANKS-AND-BANKING · 52 words · no verdicts yet
in plain englishAI-generated · not legal advice
Certain Board-directed or congressional-requested study and investigation costs are nonadministrative expenses. The rule applies beginning July 12, 1960.
Beginning July 12, 1960, expenses of the Board for studies or investigations specifically required by law or requested by Congress, either House, or a committee of either House—including services authorized by 5 U.S.C. § 3109—are nonadministrative expenses.
the actual law source: uscode.house.gov ↗public domain
On and after July 12, 1960, expenses of the Board in making studies or investigations specifically directed by law, or requested by the Congress or either House thereof or by a committee of either House, including services authorized by section 3109 of title 5, shall be considered as nonadministrative expenses.
Source credit: (Pub. L. 86–626, title II, § 201, July 12, 1960, 74 Stat. 441.)
history & why it existsrecord from the source credit
- 1960Enacted · Pub. L. 86-626 · 74 Stat. 441
A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-626 on 1960-07-12.
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