Volume 68
Public Law 83–537
To authorize the acceptance of conditional gifts to further the defense effort.
Approved July 27, 1954
Statutory text
AN ACT
To authorize the acceptance of conditional gifts to further the defense effort.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That to further the defense effort of the United States—
the Secretary of the Treasury is authorized to accept or reject on behalf of the United States any gift of money or other intangible personal property made on condition that it be used for a particular defense purpose; and
the Administrator of General Services is authorized to accept or reject on behalf of the United States any gift of other property, real or personal, made on condition that it be used for a particular defense purpose.
Sec. 2.
The Secretary of the Treasury may convert into money, at
Conversion into money.
the best terms available, any such gift of intangible property other than money; and the Administrator of General Services may convert into money, at the best terms available, any such gift of tangible property, or transfer to any other Federal agency without reimbursement such property as he may determine usable for the particular purpose for which it was donated.
Sec. 3.
There shall be established on the books of the Treasury a
Special account.
special account into which shall be deposited all money received as a result of such gifts.
Sec. 4.
The Secretary of the Treasury, in order to effectuate the
Payment to appropriation accounts.
purposes for which gifts accepted under this Act are made, shall from time to time pay the money in such special account to such of the various appropriation accounts as in his judgment will best effectuate the intent of the donors, and such money is hereby appropriated and shall be available for expenditure for the purposes of the appropriations to which paid.
Sec. 5.
The Secretary of the Treasury and the Administrator of General Services shall consult with interested Federal agencies in carrying out the provisions of this Act.
Sec. 6.
Nothing in this Act shall be construed to modify or repeal the authority to accept conditional gifts under any other provision of law.
Approved July 27, 1954.