Volume 96 · 1133
Public Law 97–264
To amend the Act to establish a Permanent Committee for the Oliver Wendell Holmes Devise, and for other purposes.
Approved September 24, 1982
Statutory text
An Act
To amend the Act to establish a Permanent Committee for the Oliver Wendell Holmes Devise, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That
the first
Permanent Committee for the Oliver Wendell Holmes Devise, fund. Interest rate adjustment.
section of the Act entitled “An Act to establish a Permanent Committee for the Oliver Wendell Holmes Devise, and for other purposes”, approved August 5, 1955 (69 Stat. 533), is amended in the second sentence thereof by striking out “(3)” and all that follows up to (but not including) the period, and inserting in lieu of the matter stricken the following: “(3) amounts equal to the interest earned on moneys in the fund which are invested in public debt securities pursuant to the succeeding sentence”.
The first section of such Act is further amended by adding at the end thereof the following new sentence: “Moneys in the fund shall be invested by the Secretary of the Treasury in public debt securities in accordance with specifications, as to maturity of security and amount to be invested, prescribed by the Permanent Committee for the Oliver Wendell Holmes Devise.”.
Section 5 of such Act is amended by inserting immediately
after the first sentence thereof the following new sentence: “The Committee is further authorized to receive royalties or other income that is generated by the sale of its publications or which otherwise becomes payable to the fund.”.
Sec. 2.
The amendments made by subsection (a) of the first section
Effective date.
of this Act shall be effective in the case of fiscal years beginning after September 30, 1982.
Approved September 24, 1982.