Volume 90 · 521
Public Law 94–289
To provide for adjusting the amount of interest paid on funds deposited with the Treasury of the United States by the Library of Congress Trust Fund Board.
Approved May 22, 1976
Statutory text
An Act
To provide for adjusting the amount of interest paid on funds deposited with the Treasury of the United States by the Library of Congress Trust Fund Board.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section 2 of the Act of March 3, 1925, chapter 423, as renumbered by the Act of April 13, 1936, chapter 213 (2 U.S.C. 158), is amended by striking out “the rate of 4 per centum per annum,” and inserting in place thereof “a rate which is the higher of the rate of 4 per centum per annum or a rate which is 0.25 percentage points less than a rate, determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding long-term marketable obligations of the United States, adjusted to the nearest one-eighth of 1 per centum,”.
Approved May 22, 1976.