50 U.S.C. § 2092 — Investment of moneys in fund
submitted 34 years ago by Pub. L. 88-643 to r/title-50-WAR-AND-NATIONAL-DEFENSE · 69 words · no verdicts yet
The Director may invest fund money that is not needed right away in interest-bearing United States securities, with the Treasury Secretary’s approval. The investment income becomes part of the fund.
The Director* may, with the approval of the Secretary of the Treasury, invest from time to time in interest-bearing securities of the United States such portions of the fund as in the Director’s judgment may not be immediately required for the payment of annuities, cash benefits, refunds, and allowances from the fund. The income derived from such investments must be credited to and constitute a part of the fund.
The Director* may, with the approval of the Secretary of the Treasury, invest from time to time in interest-bearing securities of the United States such portions of the fund as in the Director’s judgment may not be immediately required for the payment of annuities, cash benefits, refunds, and allowances from the fund. The income derived from such investments shall be credited to and constitute a part of the fund.
Source credit: (Pub. L. 88–643, title II, § 262, as added Pub. L. 102–496, title VIII, § 802, Oct. 24, 1992, 106 Stat. 3235.)
- 1992Enacted · Pub. L. 88-643 · 106 Stat. 3235
A history note hasn’t been published yet. The record shows enactment by Pub. L. 88-643 on 1992-10-24.
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