2015 US Code
Title 20 - Education (Sections 1 - 10013)
Chapter 66 - Morris K. Udall and Stewart L. Udall Foundation (Sections 5601 - 5609)
Sec. 5606 - Establishment of Morris K. Udall and Stewart L. Udall Trust Fund
| Publication Title | United States Code, 2012 Edition, Supplement 3, 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 AND STEWART L. UDALL FOUNDATION Sec. 5606 - Establishment of Morris K. Udall and Stewart L. Udall Trust Fund |
| Contains | section 5606 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| 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; Pub. L. 111-90, §7, Nov. 3, 2009, 123 Stat. 2978. |
| Statutes at Large References | 106 Stat. 82 112 Stat. 12 123 Stat. 2978 |
| Public and Private Laws | Public Law 102-259, Public Law 105-156, Public Law 111-90 |
Download PDF
There is established in the Treasury of the United States a trust fund to be known as the "Morris K. Udall and Stewart L. Udall 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) 1In 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; Pub. L. 111–90, §7, Nov. 3, 2009, 123 Stat. 2978.)
AMENDMENTS2009—Pub. L. 111–90 substituted "and Stewart L. Udall" for "Scholarship and Excellence in National Environmental Policy" in section catchline and in subsec. (a).
1998—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.
1 So in original. No par. (2) has been enacted.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.
