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15 U.S.C. § 1524Investment and reinvestments of moneys; credit and disbursement of interest

submitted 62 years ago by Pub. L. 88-611 to r/title-15-COMMERCE-AND-TRADE · 85 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

Upon the request of the Secretary of Commerce, the Secretary of the Treasury may invest and reinvest in securities of the United States or in securities guaranteed as to principal and interest by the United States any moneys contained in the fund authorized herein. Income accruing from such securities, and from any other property accepted pursuant to section 1522 of this title, shall be deposited to the credit of the fund authorized herein, and shall be disbursed upon order of the Secretary of Commerce.

Source credit: (Pub. L. 88–611, § 3, Oct. 2, 1964, 78 Stat. 991.)

history & why it existsrecord from the source credit
  • 1964Enacted · Pub. L. 88-611 · 78 Stat. 991

A history note hasn’t been published yet. The record shows enactment by Pub. L. 88-611 on 1964-10-02.

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