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20 U.S.C. § 80q–2Authority of Board of Regents to enter into agreement providing for transfer of Heye Foundation assets to Smithsonian Institution

submitted 37 years ago by Pub. L. 101-185 to r/title-20-EDUCATION · 96 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Board of Regents may agree with the Heye Foundation to transfer its assets to the Smithsonian. The agreement must require the assets be used to fit the Museum's purposes. New York law governs the agreement, and a federal court there handles disputes.

The Board of Regents may enter into an agreement with the Heye Foundation, providing for title to the Heye Foundation assets to transfer to the Smithsonian Institution. The agreement must: (1) require that these assets be used consistent with the Museum's purposes described in section 80q–1(b); and (2) be governed by, and interpreted under, New York state law. The United States District Court for the Southern District of New York has sole, original authority to hear any lawsuit arising from the agreement.
the actual law source: uscode.house.gov ↗public domain

The Board of Regents is authorized to enter into an agreement with the Heye Foundation, to provide for the transfer to the Smithsonian Institution of title to the Heye Foundation assets. The agreement shall—

(1)

require that the use of the assets be consistent with section 80q–1(b) of this title; and

(2)

be governed by, and construed in accordance with, the law of the State of New York.

The United States District Court for the Southern District of New York shall have original and exclusive jurisdiction over any cause of action arising under the agreement.

Source credit: (Pub. L. 101–185, § 4, Nov. 28, 1989, 103 Stat. 1337.)

history & why it existsrecord from the source credit
  • 1989Enacted · Pub. L. 101-185 · 103 Stat. 1337

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-185 on 1989-11-28.

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