2002 US Code
Title 20 - EDUCATION
CHAPTER 66 - MORRIS K. UDALL SCHOLARSHIP AND EXCELLENCE IN NATIONAL ENVIRONMENTAL POLICY FOUNDATION
Sec. 5606 - Establishment of Morris K. Udall Scholarship and Excellence in National Environmental Policy Trust Fund
View Metadata| Publication Title | United States Code, 2000 Edition, Supplement 2, Title 20 - EDUCATION |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 20 - EDUCATION CHAPTER 66 - MORRIS K. UDALL SCHOLARSHIP AND EXCELLENCE IN NATIONAL ENVIRONMENTAL POLICY FOUNDATION Sec. 5606 - Establishment of Morris K. Udall Scholarship and Excellence in National Environmental Policy Trust Fund |
| Contains | section 5606 |
| Date | 2002 |
| Laws in Effect as of Date | January 6, 2003 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 102-259, §8, Mar. 19, 1992, 106 Stat. 82; Pub. L. 105-156, §9, Feb. 11, 1998, 112 Stat. 12. |
| Statutes at Large References | 106 Stat. 82 112 Stat. 12 |
| Public Law References | Public Law 102-259, Public Law 105-156 |
§5606. Establishment of Morris K. Udall Scholarship and Excellence in National Environmental Policy Trust Fund (a) Establishment of Trust Fund
There is established in the Treasury of the United States a trust fund to be known as the “Morris K. Udall Scholarship and Excellence in National Environmental Policy Trust Fund” to be administered by a Foundation. The Trust Fund shall consist of amounts appropriated to it pursuant to section 5609(a) of this title and amounts credited to it under subsection (b) of this section.
(b) Investment of Trust Fund assets(1) 1 In general.—It shall be the duty of the Secretary of the Treasury to invest, at the direction of the Foundation Board, in full the amounts appropriated to the Trust Fund. Such investments shall be in public debt securities with maturities suitable to the needs of the Trust Fund. Investments in public debt securities shall bear interest “at rates determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States” of comparable maturity.
(Pub. L. 102–259, §8, Mar. 19, 1992, 106 Stat. 82; Pub. L. 105–156, §9, Feb. 11, 1998, 112 Stat. 12.)
Amendments1998—Subsec. (a). Pub. L. 105–156, §9(a), substituted “The Trust Fund” for “The fund” and “5609(a)” for “5609”.
Subsec. (b). Pub. L. 105–156, §9(b), substituted “Trust Fund” for “Fund” in two places.
Section Referred to in Other SectionsThis section is referred to in sections 5602, 5607a of this title.
1 So in original. No par. (2) has been enacted.
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