1997 U.S. Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 87 - CORPORATION FOR THE PROMOTION OF RIFLE PRACTICE AND FIREARMS SAFETY
SUBCHAPTER I - ESTABLISHMENT AND OPERATION OF CORPORATION
Sec. 5508 - General authorities of Corporation

View Metadata

§5508. General authorities of Corporation (a) Donations and fees

(1) The Corporation may solicit, accept, hold, use, and dispose of donations of money, property, and services received by gift, devise, bequest, or otherwise.

(2) The Corporation may impose, collect, and retain such fees as are reasonably necessary to cover the direct and indirect costs of the Corporation to carry out the Civilian Marksmanship Program.

(3) Amounts collected by the Corporation under the authority of this subsection, including the proceeds from the sale of firearms, ammunition, targets, and other supplies and appliances, may be used only to support the Civilian Marksmanship Program.

(b) Corporate seal

The Corporation may adopt, alter, and use a corporate seal, which shall be judicially noticed.

(c) Contracts

The Corporation may enter into contracts, leases, agreements, or other transactions.

(d) Obligations and expenditures

The Corporation may determine the character of, and necessity for, its obligations and expenditures and the manner in which they shall be incurred, allowed, and paid and may incur, allow, and pay such obligations and expenditures.

(e) Related authority

The Corporation may take such other actions as are necessary or appropriate to carry out the authority provided in this section.

(Pub. L. 104–106, div. A, title XVI, §1618, Feb. 10, 1996, 110 Stat. 520.)