§ 838j. Investment of excess moneys; deposit of moneys

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. 1974

   Federal Columbia River Transmission System Act

   Pub. L. 93–454 § 12 · 88 Stat. 1376

   Enacted · 16 U.S.C. § 838j

   (Pub. L. 93–454, § 12, Oct. 18, 1974, 88 Stat. 1380.)

   Source evidence

   Code source credit
   (Pub. L. 93–454, § 12, Oct. 18, 1974, 88 Stat. 1380.)

   Enacted provision · exact public law section
   Sec. 12. (a) If 16 USC 838j. the Administrator determines that moneys in the fund are in excess of current needs he may request the investment of such amounts as he deems advisable by the Secretary of the Treasury in direct, general obligations of, or obligations guaranteed as to both principal and interest by, the United States of America. (b) With the approval of the Secretary of the Treasury, the Administrator may deposit moneys of the fund in any Federal Reserve bank or other depository for funds of the United States of America, or in such other banks and financial institutions and under such terms and conditions as the Administrator and the Secretary of the Treasury may mutually agree.

1 of 1 references resolved to an enrolled provision