7 U.S.C. § 2265 — Deposit of money accepted for benefit of National Agricultural Library; disbursement

submitted 56 years ago by Pub. L. 91-591 to r/title-7-AGRICULTURE · 72 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section directs money gifts and certain proceeds accepted for the National Agricultural Library into a separate Treasury account. The Secretary of Agriculture orders disbursements from that account.

Money gifts accepted under § 2264, net proceeds from selling other accepted property, and insurance proceeds for accepted gift property that are not used to restore it must be deposited in the Treasury in a separate account. They may be paid out on the Secretary of Agriculture’s order.

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

Any gift of money accepted pursuant to the authority granted in section 2264 of this title, or the net proceeds from the liquidation of any other property so accepted, or the proceeds of any insurance on any gift property not used for its restoration shall be deposited in the Treasury of the United States for credit to a separate account and shall be disbursed upon order of the Secretary of Agriculture.

Source credit: (Pub. L. 91–591, § 3, Dec. 28, 1970, 84 Stat. 1588.)

history & why it existsrecord from the source credit

1970Enacted · Pub. L. 91-591 · 84 Stat. 1588

A history note hasn’t been published yet. The record shows enactment by Pub. L. 91-591 on 1970-12-28.

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