42 U.S.C. § 1592j — Disposition of moneys derived from rentals, operation, and disposition of property

submitted 75 years ago by ch. 378 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 105 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section makes money from renting, operating, or disposing of covered property available for related expenses and reserves. It limits a Treasury common-fund balance and requires excess money to go to miscellaneous receipts.

Moneys derived from rentals, operation, or disposition of property acquired or constructed under the provisions of this subchapter must be available for expenses of operation, maintenance, improvement, and disposition of any such property, including the establishment of necessary reserves for it and administrative expenses in connection therewith: Provided , That such moneys derived from rentals, operation, or disposition may be deposited in a common fund account or accounts in the Treasury: Also , That the moneys in such common fund account or accounts must not exceed $5,000,000 at any time, and all moneys in excess of such amount must be covered into miscellaneous receipts.

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

Moneys derived from rentals, operation, or disposition of property acquired or constructed under the provisions of this subchapter shall be available for expenses of operation, maintenance, improvement, and disposition of any such property, including the establishment of necessary reserves therefor and administrative expenses in connection therewith: Provided, That such moneys derived from rentals, operation, or disposition may be deposited in a common fund account or accounts in the Treasury: And provided further, That the moneys in such common fund account or accounts shall not exceed $5,000,000 at any time, and all moneys in excess of such amount shall be covered into miscellaneous receipts.

Source credit: (Sept. 1, 1951, ch. 378, title III, § 311, 65 Stat. 308.)

history & why it existsrecord from the source credit

1951Enacted · Act of Sept. 1, 1951, ch. 378 · 65 Stat. 308

A history note hasn’t been published yet. The record shows enactment by ch. 378 on 1951-09-01.

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