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20 U.S.C. § 54 — Appropriation of interest
Federal law — U.S. Code and appendices · legal_authorities
So much of the property of James Smithson as has been received in money, and paid into the Treasury of the United States, being the sum of $541,379.63, shall be lent to the United States Treasury and invested in public debt securities with maturities requested by the Smithsonian Institution bearing interest at rates determined by the Secretary of the Treasury, based upon current market yields on outstanding marketable obligations of the United States of comparable maturities, and this interest is hereby appropriated for the perpetual maintenance and support of the Smithsonian Institution; and all expenditures and appropriations to be made, from time to time, to the purposes of the Institution shall be exclusively from the accruing interest, and not from the principal of the fund. All the moneys and stocks which have been, or may hereafter be, received into the Treasury of the United States, on account of the fund bequeathed by James Smithson, are hereby pledged to refund to the Treasury of the United States the sums hereby appropriated.
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Stable record: federal_law:legal_authorities:record_usc_9d45f607d3ebed437950e1fe
Source file: Laws/federal/codes/united-states-code/title-20/section-54-appropriation-of-interest--e710099402.md
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Source location: Title 20, Chapter 3, § 54; chapter-003-smithsonian-institution-national-museums-and-art-galleries.md
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So much of the property of James Smithson as has been received in money, and paid into the Treasury of the United States, being the sum of $541,379.63, shall be lent to the United States Treasury and invested in public debt securities with maturities requested by the Smithsonian Institution bearing interest at rates determined by the Secretary of the Treasury, based upon current market yields on outstanding marketable obligations of the United States of comparable maturities, and this interest is hereby appropriated for the perpetual maintenance and support of the Smithsonian Institution; and all expenditures and appropriations to be made, from time to time, to the purposes of the Institution shall be exclusively from the accruing interest, and not from the principal of the fund. All the moneys and stocks which have been, or may hereafter be, received into the Treasury of the United States, on account of the fund bequeathed by James Smithson, are hereby pledged to refund to the Treasury of the United States the sums hereby appropriated.
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Federal law — U.S. Code and appendices · legal_authorities
Necessary amounts are appropriated for the following:
(1) to pay the proceeds of the personal estate of a United States citizen dying abroad to the legal representative of the deceased on proper demand and proof.
(2) to pay interest on the public debt under laws authorizing payment.
(3) to pay proceeds from derelict and salvage cases adjudged by the courts of the United States to salvors.
(4) to make payments required under contracts made under section 108 of the Housing and Community Development Act of 1974 ([42 U.S.C. 5308](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section5308&num=0&edition=prelim)) for the payment of interest on obligations guaranteed by the Secretary of Housing and Urban Development under section 108.
(5) to make payments required under contracts made under section 103(b) of the Housing Act of 1949 ([42 U.S.C. 1453(b)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1453/b&num=0&edition=prelim)) for projects or programs for which amounts had been committed before January 1, 1975, and for which amounts have not been appropriated.
(6) to pay the interest on the fund derived from the bequest of James Smithson, for the construction of buildings and expenses of the Smithsonian Institution, at the rates determined under section 5590 of the Revised Statutes ([20 U.S.C. 54](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section54&num=0&edition=prelim)).
annual contributions for assisted housing
(7) to make payments required under contracts made under section 5 of the United States Housing Act of 1937, as amended ([42 U.S.C. 1437c](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437c&num=0&edition=prelim)).
college housing grants
(8) to make paym
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 1305
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Federal law — U.S. Code and appendices · legal_authorities
Page 13
TITLE 20—EDUCATION
§ 57
(R.S. § 5588.)
Editorial Notes
CODIFICATION
R.S. § 5588 derived from act Aug. 10, 1846, ch. 178, § 4,
9 Stat. 104.
§ 53. Protection of property
All laws for the protection of public property
in the city of Washington shall apply to, and be
in force for, the protection of the lands, build-
ings, and other property of the Smithsonian In-
stitution. All moneys recovered by or accruing
to, the institution shall be paid into the Treas-
ury of the United States, to the credit of the
Smithsonian bequest, and separately accounted
for.
(R.S. § 5589.)
Editorial Notes
CODIFICATION
R.S. § 5589 derived from act Aug. 10, 1846, ch. 178, § 5,
9 Stat. 104.
§ 53a. Authorization of appropriations
Appropriations are authorized for the mainte-
nance of the Astrophysical Observatory and the
making of solar observations at high altitudes;
for repairs and alterations of buildings and
grounds occupied by the Smithsonian Institu-
tion in the District of Columbia and elsewhere;
and for preparation of manuscripts, drawings,
and illustrations for publications.
(Aug. 22, 1949, ch. 494, § 2, 63 Stat. 623.)
§ 54. Appropriation of interest
So much of the property of James Smithson as
has been received in money, and paid into the
Treasury of the United States, being the sum of
$541,379.63, shall be lent to the United States
Treasury and invested in public debt securities
with maturities requested by the Smithsonian
Institution bearing interest at rates determined
by the Secretary of the Treasury, based upon
current market yields on outstanding market-
able obligations of the United States of com-
parable maturities, and this interest is hereby
appropriated for the perpetual maintenance and
support of the Smithsonian Institution; and all
Source: Supplied 2024 U.S. Code historical extraction · 20 U.S.C. § 54
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