Title 15 — Commerce and Trade
Chapter 40 — Department of Commerce
§ 1524. Investment and reinvestments of moneys; credit and disbursement of interest
Statutory text
Upon the request of the Secretary of Commerce, the Secretary of the Treasury may invest and reinvest in securities of the United States or in securities guaranteed as to principal and interest by the United States any moneys contained in the fund authorized herein. Income accruing from such securities, and from any other property accepted pursuant to section 1522 of this title, shall be deposited to the credit of the fund authorized herein, and shall be disbursed upon order of the Secretary of Commerce.
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.
Pub. L. 88–611 § 3 · 78 Stat. 991
Enacted · 15 U.S.C. § 1524
(Pub. L. 88–611, § 3, Oct. 2, 1964, 78 Stat. 991.)
Source evidence
Code source credit
(Pub. L. 88–611, § 3, Oct. 2, 1964, 78 Stat. 991.)Enacted provision · exact public law section
Sec. 3. Upon the request of the Secretary of Commerce, the Secretary Investment and reinvestment of funds. of the Treasury may invest and reinvest in securities of the United States or in securities guaranteed as to principal and interest by the United States any moneys contained in the fund authorized herein. Income accruing from such securities, and from any other property accepted pursuant to section 1, shall be deposited to the credit of the fund authorized herein, and shall be disbursed upon order of the Secretary of Commerce.
1 of 1 references resolved to an enrolled provision
Editorial Notes
Codification
Section was formerly classified to section 608c of Title 5 prior to the general revision and enactment of Title 5, Government Organization and Employees, by Pub. L. 89–554, § 1, , 80 Stat. 378.