20 U.S.C. § 79d — Deposit of receipts into Treasury; disbursements

submitted 86 years ago by ch. 516 to r/title-20-EDUCATION · 74 words · no verdicts yet

in plain englishAI-generated · not legal advice

All money the Smithsonian receives — by gift, membership fee, or otherwise — for this program must go into the U.S. Treasury as trust funds set aside for that same purpose. The Secretary of the Treasury pays it out through the Fiscal Service based on vouchers signed by, or authorized by, the Smithsonian Institution. Money that Congress separately appropriates under section 79e is not covered by this rule.

All money the Smithsonian Institution takes in — through donations, subscriptions, fees, or any other way — to carry out this program must be deposited in the U.S. Treasury as trust funds, and that money is automatically made available to be spent for that purpose. This does not apply to money that Congress separately appropriates under section 79e. The Secretary of the Treasury, acting through the Fiscal Service, pays this money out whenever a request or voucher is signed by the Smithsonian Institution, or signed by someone the Smithsonian has authorized to sign.

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

All moneys received by donation, subscription, fees, or otherwise, except the moneys appropriated pursuant to section 79e of this title, for carrying out the purposes of this subchapter shall be deposited into the Treasury as trust funds and are appropriated for such purposes. Disbursements of such funds shall be made by the Secretary of the Treasury through the Fiscal Service on requisitions or vouchers signed by or on authority of the Smithsonian Institution.

Source credit: (July 2, 1940, ch. 516, § 6, 54 Stat. 725; 1940 Reorg. Plan No. III, § 1(a)(1), eff. June 30, 1940, 5 F.R. 2107, 54 Stat. 1231; 1946 Reorg. Plan No. 3, § 801, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1101.)

history & why it existsrecord from the source credit

1940Enacted · Act of July 2, 1940, ch. 516 · 54 Stat. 725

A history note hasn’t been published yet. The record shows enactment by ch. 516 on 1940-07-02.

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