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26 U.S.C. § 9601 — Transfer of amounts

submitted 45 years ago by Pub. L. 97-119 to r/title-26-INTERNAL-REVENUE-CODE · 82 words · no verdicts yet

in plain englishAI-generated · not legal advice

Treasury must transfer appropriated amounts to the applicable Trust Fund at least monthly using estimates, then correct later transfers when estimates were too high or too low.

Amounts appropriated by a subchapter A section to a Trust Fund established by that subchapter must be transferred from the Treasury general fund to that Trust Fund at least monthly, based on the Secretary of the Treasury's estimates. Later transfers must be adjusted when earlier estimates were more or less than the amounts that needed to be transferred.

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

The amounts appropriated by any section of subchapter A to any Trust Fund established by such subchapter shall be transferred at least monthly from the general fund of the Treasury to such Trust Fund on the basis of estimates made by the Secretary of the Treasury of the amounts referred to in such section. Proper adjustments shall be made in the amounts subsequently transferred to the extent prior estimates were in excess of or less than the amounts required to be transferred.

Source credit: (Added Pub. L. 97–119, title I, § 103(a), Dec. 29, 1981, 95 Stat. 1638.)

history & why it existsrecord from the source credit
  • 1981Enacted · Pub. L. 97-119 · 95 Stat. 1638

A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-119 on 1981-12-29.

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