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16 U.S.C. § 583j–9 — Federal funds

submitted 12 years ago by Pub. L. 113-76 to r/title-16-CONSERVATION · 82 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section addresses federal funds. It sets the duties, permissions, limits, definitions, or procedures stated in the section.

For fiscal year 2014 and thereafter, the National Forest Foundation may hold Federal funds made available but not immediately disbursed and may use any interest or other investment income earned (before, on, or after January 17, 2014 ) on Federal funds to carry out the purposes of Public Law 101–593 : Provided further , That such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.
the actual law source: uscode.house.gov ↗public domain

For fiscal year 2014 and thereafter, the National Forest Foundation may hold Federal funds made available but not immediately disbursed and may use any interest or other investment income earned (before, on, or after January 17, 2014) on Federal funds to carry out the purposes of Public Law 101–593: Provided further, That such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.

Source credit: (Pub. L. 113–76, div. G, title III, Jan. 17, 2014, 128 Stat. 327.)

history & why it existsrecord from the source credit
  • 2014Enacted · Pub. L. 113-76 · 128 Stat. 327

A history note hasn’t been published yet. The record shows enactment by Pub. L. 113-76 on 2014-01-17.

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