49 U.S.C. § 326 — Gifts

Page 123 TITLE 49—TRANSPORTATION § 327 stituted for ‘‘in the case of any individual’’ in 49:1343(g) for clarity. The words ‘‘may serve’’ are added for clar- ity and because of the restatement of the section. The words ‘‘in carrying out aviation duties and powers’’ are added because the source provisions being restated only applies to carrying out duties and powers related to the Federal Aviation Administration. Statutory Notes and Related Subsidiaries TERMINATION OF ADVISORY COMMITTEES Advisory committees in existence on Jan. 5, 1973, to terminate not later than the expiration of the 2-year period following Jan. 5, 1973, unless, in the case of a committee established by the President or an officer of the Federal Government, such committee is renewed by appropriate action prior to the expiration of such 2- year period, or in the case of a committee established by the Congress, its duration is otherwise provided by law. See section 1013 of Title 5, Government Organiza- tion and Employees. § 326. Gifts (a) The Secretary of Transportation may ac- cept and use conditional or unconditional gifts of property for the Department of Transpor- tation. The Secretary may accept a gift of serv- ices in carrying out aviation duties and powers. Property accepted under this section and pro- ceeds from that property must be used, as nearly as possible, under the terms of the gift. (b) The Department has a fund in the Treas- ury. Disbursements from the fund are made on order of the Secretary. The fund consists of— (1) gifts of money; (2) income from property accepted under this section and proceeds from the sale of that property; and (3) income from securities under subsection (c) of this section. (c) On request of the Secretary of Transpor- tation, the Secretary of the Treasury may in- vest and reinvest amounts in the fund in securi- ties of, or in securities whose principal and in- terest is guaranteed by, the United States Gov- ernment. (d) Property accepted under this section is a gift to or for the use of the Government under the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.). (Pub. L. 97–449, § 1(b), Jan. 12, 1983, 96 Stat. 2424; Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 326(a) ......... 49:1344(c)(1). Aug. 23, 1958, Pub. L. 85–726, § 303(c)(1), 72 Stat. 748. 49:1657(m)(1) (1st, 3d sentences). Oct. 15, 1966, Pub. L. 89–670, § 9(m), 80 Stat. 946. 326(b) ......... 49:1657(m)(1) (2d sen- tence), (3) (less 1st sentence). 326(c) ......... 49:1657(m)(3) (1st sentence). 326(d) ......... 49:1657(m)(2). In the section, the word ‘‘gifts’’ is substituted for ‘‘gifts and bequests’’ in 49:1657(m)(1) because it is inclu- sive. In subsection (a), the words ‘‘accept and use’’ are sub- stituted for ‘‘accept, hold, administer, and utilize’’, and the words ‘‘for the Department’’ are substituted for ‘‘for the purpose of aiding or facilitating the work of the Department’’ in 49:1657(m)(1), to eliminate unneces- sary words. The word ‘‘property’’ is substituted for ‘‘property, both real and personal’’ in 49:1657(m)(1), and ‘‘gift or donation of money or other property, real and personal’’ in 49:1344(c)(1) to eliminate unnecessary words. The words ‘‘aviation duties and powers’’ are added because the source provisions being restated only applies to carrying out duties and powers related to the Federal Aviation Administration. The words ‘‘under this section and proceeds from that property’’ are sub- stituted for ‘‘pursuant to this paragraph, and the pro- ceeds thereof’’ in 49:1657(m)(1) for clarity. In subsection (b), the words ‘‘The Department has a’’ and ‘‘The fund consists of’’ are added for clarity and be- cause of the restatement of the section. The word ‘‘sep- arate’’ before ‘‘fund’’ is omitted as unnecessary and for consistency. The words ‘‘from the fund’’ are added for clarity. The words ‘‘accepted under this section’’ are substituted for ‘‘held by the Secretary pursuant to paragraph (1)’’ for clarity. The words ‘‘that property’’ are substituted for ‘‘other property received as gifts or bequests’’ to eliminate unnecessary words. The words ‘‘from securities under subsection (c) of this section’’ are substituted for ‘‘accruing from such securities’’ for clarity. In subsection (c), the words ‘‘amounts in the fund’’ are substituted for ‘‘any moneys contained in the fund provided for in paragraph (1)’’ for clarity and consist- ency. In subsection (d), the words ‘‘under this section’’ are substituted for ‘‘under paragraph (1)’’ because of the re- statement of the section. The words ‘‘the Internal Rev- enue Code of 1954 (26 U.S.C. 1 et seq.)’’ are substituted for ‘‘For the purpose of Federal income, estate, and gift taxes’’ for consistency. Editorial Notes AMENDMENTS 1986—Subsec. (d). Pub. L. 99–514 substituted ‘‘Internal Revenue Code of 1986’’ for ‘‘Internal Revenue Code of 1954’’. § 327. Administrative working capital fund (a) The Department of Transportation has an administrative working capital fund. Amounts in the fund are available for expenses of oper- ating and maintaining common administrative services the Secretary of Transportation decides are desirable for the efficiency and economy of the Department. The services may include— (1) a central supply service for stationery and other supplies and equipment through which adequate stocks may be maintained to meet the requirements of the Department; (2) central messenger, mail, telephone, and other communications services; (3) office space; (4) central services for document reproduc- tion, and for graphics and visual aids; and (5) a central library service. (b) Amounts in the fund are available without regard to fiscal year limitation. Amounts may be appropriated to the fund. (c) The fund consists of— (1) amounts appropriated to the fund; (2) the reasonable value of stocks of supplies, equipment, and other assets and inventories on order that the Secretary transfers to the fund, less the related liabilities and unpaid ob- ligations; (3) amounts received from the sale or ex- change of property; and (4) payments received for loss or damage to property of the fund. (d) The fund shall be reimbursed, in advance, from amounts available to the Department or