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15 U.S.C. § 1524 — Investment and reinvestments of moneys; credit and disbursement of interest
Federal law — U.S. Code and appendices · legal_authorities
Upon the request of the Secretary of Commerce, the Secretary of the Treasury may invest and reinvest in securities of the United States or in securities guaranteed as to principal and interest by the United States any moneys contained in the fund authorized herein. Income accruing from such securities, and from any other property accepted pursuant to [section 1522 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1522&num=0&edition=prelim), shall be deposited to the credit of the fund authorized herein, and shall be disbursed upon order of the Secretary of Commerce.
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Source file: Laws/federal/codes/united-states-code/title-15/section-1524-investment-and-reinvestments-of-moneys-credit-and-disbursement-of-intere--98e420e9ad.md
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Source location: Title 15, Chapter 40, § 1524; chapter-040-department-of-commerce.md
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Upon the request of the Secretary of Commerce, the Secretary of the Treasury may invest and reinvest in securities of the United States or in securities guaranteed as to principal and interest by the United States any moneys contained in the fund authorized herein. Income accruing from such securities, and from any other property accepted pursuant to [section 1522 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1522&num=0&edition=prelim), shall be deposited to the credit of the fund authorized herein, and shall be disbursed upon order of the Secretary of Commerce.
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Federal law — U.S. Code and appendices · legal_authorities
The Secretary of Commerce is hereby authorized to accept, hold, administer, and utilize gifts and bequests of property, both real and personal, for the purpose of aiding or facilitating the work of the Department of Commerce. Gifts and bequests of money and the proceeds from sales of other property received as gifts or bequests shall be deposited in the Treasury in a separate fund and shall be disbursed upon order of the Secretary of Commerce. Property accepted pursuant to this provision, and the proceeds thereof, shall be used as nearly as possible in accordance with the terms of the gift or bequest.
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Federal law — U.S. Code and appendices · legal_authorities
Page 1442
TITLE 15—COMMERCE AND TRADE
§ 1522
$20,000,000, to remain available until September
30, 2022, to the Fund for necessary expenses for
a business application system modernization.
(Pub. L. 116–93, div. B, title I, § 111, Dec. 20, 2019,
133 Stat. 2395.)
Editorial Notes
REFERENCES IN TEXT
This Act, referred to in text, is div. B of Pub. L.
116–93, Dec. 20, 2019, 133 Stat. 2385, known as the Com-
merce, Justice, Science, and Related Agencies Appro-
priations Act, 2020. For complete classification of this
Act to the Code, see Tables.
§ 1522. Acceptance of gifts and bequests for pur-
poses of the Department; separate fund; dis-
bursements
The Secretary of Commerce is hereby author-
ized to accept, hold, administer, and utilize gifts
and bequests of property, both real and personal,
for the purpose of aiding or facilitating the work
of the Department of Commerce. Gifts and be-
quests of money and the proceeds from sales of
other property received as gifts or bequests shall
be deposited in the Treasury in a separate fund
and shall be disbursed upon order of the Sec-
retary of Commerce. Property accepted pursu-
ant to this provision, and the proceeds thereof,
shall be used as nearly as possible in accordance
with the terms of the gift or bequest.
(Pub. L. 88–611, § 1, Oct. 2, 1964, 78 Stat. 991.)
Editorial Notes
CODIFICATION
Section was formerly classified to section 608a of
Title 5 prior to the general revision and enactment of
Title 5, Government Organization and Employees, by
Pub. L. 89–554, § 1, Sept. 6, 1966, 80 Stat. 378.
Statutory Notes and Related Subsidiaries
TRANSFER OF FUNDS
Pub. L. 88–611, § 4(b), Oct. 2, 1964, 78 Stat. 991, provided
that: ‘‘All gifts and bequests received under the provi-
sions of law repealed by subsection (a) of
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 1524
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