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2 U.S.C. § 2234Administration of Fund

submitted 18 years ago by Pub. L. 110-437 to r/title-2-THE-CONGRESS · 149 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
(a) Disbursements

Disbursements from the Fund may be made by the Architect of the Capitol, upon recommendation of the Chief Executive Officer.

(b) Investment authority

The Secretary of the Treasury shall invest any portion of the Fund that, as determined by the Architect of the Capitol, upon recommendation of the Chief Executive Officer, is not required to meet current expenses. Each investment shall be made in an interest-bearing obligation of the United States or an obligation guaranteed both as to principal and interest by the United States that, as determined by the Architect of the Capitol, upon recommendation of the Chief Executive Officer, has a maturity date suitable for the purposes of the Fund. The Secretary of the Treasury shall credit interest earned on the obligations to the Fund.

(c) Audit

The Fund shall be subject to audit by the Comptroller General at the discretion of the Comptroller General.

Source credit: (Pub. L. 110–437, title III, § 304, Oct. 20, 2008, 122 Stat. 4990.)

history & why it existsrecord from the source credit
  • 2008Enacted · Pub. L. 110-437 · 122 Stat. 4990

A history note hasn’t been published yet. The record shows enactment by Pub. L. 110-437 on 2008-10-20.

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