20 U.S.C. § 55 — Acceptance of other sums
submitted 132 years ago by Congress to r/title-20-EDUCATION · 88 words · no verdicts yet
This law lets the Smithsonian's Regents deposit more money into the Treasury. The total, including Smithson's original gift, cannot exceed $1,000,000. The Smithsonian can still separately accept other gifts and property beyond this cap.
The Secretary of the Treasury is authorized and directed to receive into the Treasury, on the same terms as the original bequest of James Smithson, such sums as the Regents may, from time to time, see fit to deposit, not exceeding, with the original bequest, the sum of $1,000,000. This shall not operate as a limitation on the power of the Smithsonian Institution to receive money or other property by gift, bequest, or devise, and to hold and dispose of the same in promotion of the purposes thereof.
Source credit: (R.S. § 5591; Mar. 12, 1894, ch. 36, 28 Stat. 41.)
- 1894Enacted · Act of Mar. 12, 1894, ch. 36 · 28 Stat. 41
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