16 U.S.C. § 4602 — Gifts and bequests
submitted 36 years ago by Pub. L. 101-628 to r/title-16-CONSERVATION · 115 words · no verdicts yet
(a) The Secretary may solicit, accept, hold, administer, invest in government securities, and use money and other personal-property gifts and bequests to aid the TPIA Program. Donated property is not subject to sequestration. (b) The Secretary must keep a complete accounting.
(a) The Secretary may solicit, accept, hold, administer, invest in government securities, and use money and other personal-property gifts and bequests to aid the TPIA Program. Donated property is not subject to sequestration.
(b) The Secretary must keep a complete accounting.
(c) Under Federal law, accepted property is treated as a gift, bequest, or devise to the United States.
(d) The property and its proceeds must be used as nearly as practicable according to the gift or bequest’s terms.
The Secretary may solicit, accept, hold, administer, invest in government securities, and use gifts and bequests of money and other personal property to aid or facilitate the purposes of the TPIA Program. Property so donated and accepted shall not be subject to sequestration.
The Secretary shall maintain a full accounting of such gifts and bequests.
For purposes of Federal law, property accepted pursuant to this section shall be considered as a gift, bequest, or devise to the United States.
Any property and the proceeds thereof shall be used as nearly as practicable in accordance with the terms of the gift or bequest.
Source credit: (Pub. L. 101–628, title XI, § 1103, Nov. 28, 1990, 104 Stat. 4502.)
- 1990Enacted · Pub. L. 101-628 · 104 Stat. 4502
A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-628 on 1990-11-28.
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