38 U.S.C. § 1986 — Deposits in and disbursements from trust funds

submitted 68 years ago by Pub. L. 85-857 to r/title-38-VETERANS-BENEFITS · 74 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section makes specified money in the United States Government Life Insurance Fund and National Service Life Insurance Fund available for authorized expenses and investments.

All cash balances in the United States Government Life Insurance Fund and the National Service Life Insurance Fund on January 1, 1959 , together with all moneys thereafter accruing to such funds, including premiums, appropriated moneys, the proceeds of any sales of investments which may be necessary to meet current expenditures, and interest on investments, shall be available for disbursement for meeting all expenditures and making investments authorized to be made from such funds.

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

All cash balances in the United States Government Life Insurance Fund and the National Service Life Insurance Fund on January 1, 1959, together with all moneys thereafter accruing to such funds, including premiums, appropriated moneys, the proceeds of any sales of investments which may be necessary to meet current expenditures, and interest on investments, shall be available for disbursement for meeting all expenditures and making investments authorized to be made from such funds.

Source credit: (Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1167, § 786; renumbered § 1986, Pub. L. 102–83, § 5(a), Aug. 6, 1991, 105 Stat. 406.)

history & why it existsrecord from the source credit

1958Enacted · Pub. L. 85-857 · 72 Stat. 1167
1991Amended · Pub. L. 102-83 · 105 Stat. 406

A history note hasn’t been published yet. The record shows enactment by Pub. L. 85-857 on 1958-09-02.

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