38 U.S.C. § 8528 — Investment of the Fund
submitted 68 years ago by Pub. L. 85-857 to r/title-38-VETERANS-BENEFITS · 41 words · no verdicts yet
Money in the Fund not needed right away may be invested in U.S. government securities. The Treasury Secretary handles these investments and reinvestments.
Money in the Fund that isn't needed for current payments may be invested and reinvested by the Treasury Secretary*, in interest-bearing U.S. government obligations, or in obligations whose principal and interest the United States guarantees.
Money in the Fund not required for current disbursements may be invested and reinvested by the Secretary* of the Treasury in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.
Source credit: (Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1262, § 5228; renumbered § 8528, Pub. L. 102–40, title IV, § 402(b)(1), May 7, 1991, 105 Stat. 238.)
- 1958Enacted · Pub. L. 85-857 · 72 Stat. 1262
- 1991Amended · Pub. L. 102-40 · 105 Stat. 238
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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