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2 U.S.C. § 1105 — John C. Stennis Center for Public Service Development Trust Fund

Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 1105 — John C. Stennis Center for Public Service Development Trust Fund

**(a) Establishment of fund** There is established in the Treasury of the United States a trust fund to be known as the “John C. Stennis Center for Public Service Development Trust Fund”. The fund shall consist of amounts appropriated to it pursuant to [section 1110 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section1110&num=0&edition=prelim) and amounts credited to it under subsection (d). **(b) Investment of fund assets** (1) At the request of the Center, it shall be the duty of the Secretary of the Treasury to invest in full the amounts appropriated to the fund. Such investments may be made only in interest-bearing obligations of the United States issued directly to the fund. (2) The purposes for which obligations of the United States may be issued under chapter 31 of title 31 are hereby extended to authorize the issuance at par of special obligations directly to the fund. Such special obligations shall bear interest at a rate equal to the average rate of interest, computed as to the end of the calendar month next preceding the date of such issue, borne by all marketable interest-bearing obligations of the United States then forming a part of the public debt; except that where such average rate is not a multiple of one-eighth of 1 per centum, the rate of interest of such special obligations shall be the multiple of one-eighth of 1 per centum next lower than such average rate. All requests of the Center to the Secretary of the Treasury provided for in this section shall be binding upon the Secretary. **(c) Authority to sell obligations** At the request of the Center, the Secretary of the Treasury shall redeem any obligation issued directly to the fund. Obligations issued to the fund under subsection (b)(2) shall be redeemed a

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Stable record: federal_law:legal_authorities:record_usc_85aed602e62c6e42d9e39f03
Source file: Laws/federal/codes/united-states-code/title-2/section-1105-john-c-stennis-center-for-public-service-development-trust-fund--bc588f1435.md
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Passage SHA-256: 1054422e512dc77ab45eec097653fb7fe59c98e0398c4ae52bee314ebc97aada

Source location: Title 2, Chapter 22, § 1105; chapter-022-john-c-stennis-center-for-public-service-training-and-development.md

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**(a) Establishment of fund** There is established in the Treasury of the United States a trust fund to be known as the “John C. Stennis Center for Public Service Development Trust Fund”. The fund shall consist of amounts appropriated to it pursuant to [section 1110 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section1110&num=0&edition=prelim) and amounts credited to it under subsection (d). **(b) Investment of fund assets** (1) At the request of the Center, it shall be the duty of the Secretary of the Treasury to invest in full the amounts appropriated to the fund. Such investments may be made only in interest-bearing obligations of the United States issued directly to the fund. (2) The purposes for which obligations of the United States may be issued under chapter 31 of title 31 are hereby extended to authorize the issuance at par of special obligations directly to the fund. Such special obligations shall bear interest at a rate equal to the average rate of interest, computed as to the end of the calendar month next preceding the date of such issue, borne by all marketable interest-bearing obligations of the United States then forming a part of the public debt; except that where such average rate is not a multiple of one-eighth of 1 per centum, the rate of interest of such special obligations shall be the multiple of one-eighth of 1 per centum next lower than such average rate. All requests of the Center to the Secretary of the Treasury provided for in this section shall be binding upon the Secretary. **(c) Authority to sell obligations** At the request of the Center, the Secretary of the Treasury shall redeem any obligation issued directly to the fund. Obligations issued to the fund under subsection (b)(2) shall be redeemed at par plus accrued interest. Any other obligations issued directly to the fund shall be redeemed at the market price. **(d) Proceeds from certain transactions credited to fund** In addition to the appropriations received pursuant to [section 1110 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section1110&num=0&edition=prelim), the interest on, and the proceeds from the sale or redemption of, any obligations held in the fund pursuant to [section 1108(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section1108/a&num=0&edition=prelim), shall be credited to and form a part of the fund.

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 1110 — Appropriations

There is appropriated to the fund the sum of $7,500,000 to carry out this chapter.

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 1102 — Definitions

In this chapter: (1) The term “Center” means the John C. Stennis Center for Public Service Training and Development established under [section 1103(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section1103/a&num=0&edition=prelim). (2) The term “Board” means the Board of Trustees of the John C. Stennis Center for Public Service Training and Development established under [section 1103(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section1103/b&num=0&edition=prelim). (3) The term “fund” means the John C. Stennis Center for Public Service Training and Development Trust Fund provided for under [section 1105 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section1105&num=0&edition=prelim).

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 1151 — Congressional Office for International Leadership

**(a) Establishment** (1) **In general** — There is established in the legislative branch of the Government an office to be known as the “Congressional Office for International Leadership” (the “Office”). (2) **Board of Trustees** — The Office shall be subject to the supervision and direction of a Board of Trustees (the “Board”) which shall be composed of 11 members as follows: (A) Two Members of the House of Representatives appointed by the Speaker of the House of Representatives, one of whom shall be designated by the Majority Leader of the House of Representatives and one of whom shall be designated by the Minority Leader of the House of Representatives. (B) Two Senators appointed by the President pro tempore of the Senate, one of whom shall be designated by the Majority Leader of the Senate and one of whom shall be designated by the Minority Leader of the Senate. (C) The Librarian of Congress. (D) Four private individuals with interests in improving relations between the United States and eligible foreign states, designated by the Librarian of Congress. (E) The chair of the Subcommittee on Legislative Branch of the Committee on Appropriations of the House of Representatives and the chair of the Subcommittee on Legislative Branch of the Committee on Appropriations of the Senate. Each member appointed under this paragraph shall serve for a term of 3 years. Any vacancy shall be filled in the same manner as the original appointment and the individual so appointed shall serve for the remainder of the term. Members of the Board shall serve without pay, but shall be entitled to reimbursement for travel, subsistence, and other necessary expenses incurred in the performance of their duties. **(b) Purpose and authority of the Office** (1) **Purpose** — Th

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 1105 — John C. Stennis Center for Public Service

Page 295 TITLE 2—THE CONGRESS § 1105 and services as it considers appropriate to carry out the purpose of this chapter. Such authority shall include the following: (1) The development and implementation of educational programs for secondary and post- secondary schools and colleges designed— (A) to improve the attitude of students to- ward public service; (B) to encourage students to consider pub- lic service as a career goal; (C) to create a better understanding of the important role that people in public service have played in the growth and development of the United States; and (D) to foster a sense of civic responsibility among the youth of the United States. (2) The development and implementation of programs designed— (A) to enhance skills and abilities of public service employees and elected officials at the State and local levels of government; (B) to make such officials more productive and effective in the performance of their du- ties; and (C) to help prepare such employees and of- ficials to assume greater responsibilities in the field of public service. (3) The development and implementation of congressional staff training programs designed to equip congressional staff personnel to per- form their duties more effectively and effi- ciently. (4) The development and implementation of media and telecommunications production ca- pabilities to assist the Center in expanding the reach of its programs throughout the United States. (5) The establishment of library and research facilities for the collection and compilation of research materials for use in carrying out the programs of the Center. (c) Program priorities The Board of Trustees shall determine the pri- ority of the programs to be carried out under this chapter and the amount of

Source: Supplied 2024 U.S. Code historical extraction · 2 U.S.C. § 1105

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