1995 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, 1994 Edition, Supplement 1, 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 | 1995 |
| Laws in Effect as of Date | January 16, 1996 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 102-259, §8, Mar. 19, 1992, 106 Stat. 82. |
| Statutes at Large Reference | 106 Stat. 82 |
| Public Law Reference | Public Law 102-259 |
§5606. Establishment of Morris K. Udall Scholarship and Excellence in National Environmental Policy Trust Fund (a) Establishment of 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 fund shall consist of amounts appropriated to it pursuant to section 5609 of this title and amounts credited to it under subsection (b) of this section.
(b) Investment of 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 Fund.2 Such investments shall be in public debt securities with maturities suitable to the needs of the Fund.2 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.)
Section Referred to in Other SectionsThis section is referred to in section 5602 of this title.
1 So in original. No par. (2) has been enacted.
2 So in original. Probably should not be capitalized.
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