§ 1772a. Gifts; acceptance of conditional gifts; deposit

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1934

   Pub. L. 90–375 § 3 · 82 Stat. 284

   Enacted · 12 U.S.C. § 1772a

   June 26, 1934, ch. 750, title I, § 127, formerly § 28, as added Pub. L. 90–375, § 3, July 5, 1968, 82 Stat. 285

   Source evidence

   Code source credit
   June 26, 1934, ch. 750, title I, § 127, formerly § 28, as added Pub. L. 90–375, § 3, July 5, 1968, 82 Stat. 285

   Enacted provision · exact public law section
   Sec. 3. The Federal Credit Union Act is amended by adding at the end thereof the following new section: “Sec. 28. “gifts The Director is authorized to accept gifts of money made unconditionally by will or otherwise for the. carrying out of any of the functions under this Act. A conditional gift of money made by will or otherwise for such purposes may be accepted and used in accordance with its conditions, but no such gift shall be accepted which is conditioned upon any expenditure not to be met therefrom or from income thereof unless the Director determines that supplementation of such gift, from the fees he may expend pursuant to sections 6 and 7 or from Ante, p. 285, any funds appropriated pursuant to section 21(f)(2)(C) for the purpose of making such expenditure will not adversely affect the sound administration of this Act. Any such gift shall be deposited in the Treasury of the United States for the account of the Bureau and may 12 USC 1755. be expended in accordance with section 6 or as provided in the preceding sentence.”

2. 1970

   Pub. L. 91–206 § 2(1) · 84 Stat. 49

   1. Substituted · 12 U.S.C. § 1772a

      Pub. L. 91–206 substituted “Administrator” for “Director” wherever appearing

   2. Substituted · 12 U.S.C. § 1772a

      Pub. L. 91–206 substituted “Administration” for “Bureau” wherever appearing

   Source evidence

   Code amendment note
   Pub. L. 91–206 substituted “Administrator” for “Director” and “Administration” for “Bureau” wherever appearing.

   Enacted provision · exact public law section
   Sec. 2. The Federal Credit Union Act is further amended (1) by changing “Director” to read “Administrator” each place it appears therein; (2) by changing “Bureau of Federal Credit Unions” to read “National Credit Union Administration” each place it appears therein; and (3) by changing “Bureau”, each remaining place it appears, to read “Administration”.

3. 1978

   Financial Institutions Regulatory and Interest Rate Control Act of 1978

   Pub. L. 95–630 title V § 502(b) · 92 Stat. 3641

   1. Substituted · 12 U.S.C. § 1772a

      Pub. L. 95–630 substituted “Board” for “Administrator”

   2. Substituted · 12 U.S.C. § 1772a

      Pub. L. 95–630 substituted “it may expend” for “he may expend”

   Source evidence

   Code amendment note
   Pub. L. 95–630 substituted “Board” for “Administrator” in two places, and “it may expend” for “he may expend”.

   Enacted provision · exact public law section
   (b) The Federal Credit Union Act is amended by striking out “Administrator” each place it appears and inserting in lieu thereof “Board”, and by striking out the personal pronouns “he”, “him”, and “his” when referring to the Administrator and inserting in lieu thereof “it”, “them”, and “its” as appropriate wherever such words appear therein.

   Effective date note
   Amendment by Pub. L. 95–630 effective on expiration of 120 days after Nov. 10, 1978, and transitional provisions, see section 509 of Pub. L. 95–630, set out as a note under section 1752 of this title.

5 of 5 references resolved to an enrolled provision