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2 U.S.C. § 1102 — Definitions

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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Source location: Title 2, Chapter 22, § 1102; chapter-022-john-c-stennis-center-for-public-service-training-and-development.md

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

2 U.S.C. § 1102 — Definitions

Page 294 TITLE 2—THE CONGRESS § 1102 with distinction for more than 60 years as a public servant, including service in the United States Senate for a period of 41 years. (2) Senator Stennis has a distinguished record as a United States Senator, including service as the first Chairman of the Select Committee on Ethics, Chairman of the Com- mittee on Armed Services, Chairman of the Committee on Appropriations, and President pro tempore of the Senate. (3) Senator Stennis has long maintained a special interest in and devotion to the devel- opment of leadership and excellence in public service. (4) There is a compelling need to encourage outstanding young people to pursue public service on a career basis and to provide public service leadership training opportunities for individuals serving in State and local govern- ments and for individuals serving as employ- ees of Members of Congress. (5) It would be a fitting tribute to Senator Stennis and to his leadership, integrity, and years of devoted public service to establish in his name a center for the training and devel- opment of leadership and excellence in public service. (Pub. L. 100–458, title I, § 112, Oct. 1, 1988, 102 Stat. 2172.) Statutory Notes and Related Subsidiaries SHORT TITLE Pub. L. 100–458, title I, § 111, Oct. 1, 1988, 102 Stat. 2172, provided that: ‘‘This subtitle [subtitle B (§§ 111–121) of title I of Pub. L. 100–458, enacting this chapter] may be cited as the ‘John C. Stennis Center for Public Service Training and Development Act’.’’ § 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. (2) The term ‘‘Board’’ means the Board of Trustees of

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