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47 U.S.C. § 16 — Washington-Alaska Military Cable and Telegraph System; money transfers; portion of receipts withheld

submitted 100 years ago by ch. 345 to r/title-47-TELECOMMUNICATIONS · 68 words · no verdicts yet

in plain englishAI-generated · not legal advice

Since May 20, 1926, the system's auditor may temporarily hold back some money from its receipts, in an amount the Secretary of the Army allows. That money becomes a working balance used to handle money transfers to, from, and within Alaska, which must then be properly accounted for.

This section is a single, undivided provision. Starting May 20, 1926, the auditor of the Washington-Alaska Military Cable and Telegraph System can temporarily withhold money from the system's receipts. The amount withheld is whatever the Secretary of the Army authorizes. This withheld money becomes a working balance, used to make payments for money transfers between the mainland and Alaska, and for transfers between different points within Alaska. All of this money must be properly accounted for.
the actual law source: uscode.house.gov ↗public domain

On and after May 20, 1926, such amount of money as may be authorized by the Secretary of the Army may be withheld temporarily from the receipts of the Washington-Alaska Military Cable and Telegraph System by the auditor of said system as a working balance from which to make payments of money transfers from and to Alaska and between points within Alaska, to be accounted for accordingly.

Source credit: (May 20, 1926, ch. 345, 44 Stat. 576; July 26, 1947, ch. 343, title II, § 205(a), 61 Stat. 501; Pub. L. 92–310, title III, § 233, June 6, 1972, 86 Stat. 214.)

history & why it existsrecord from the source credit
  • 1926Enacted · Act of May 20, 1926, ch. 345 · 44 Stat. 576
  • 1947Amended · Act of July 26, 1947, ch. 343 · 61 Stat. 501
  • 1972Amended · Pub. L. 92-310 · 86 Stat. 214

A history note hasn’t been published yet. The record shows enactment by ch. 345 on 1926-05-20.

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