2016 US Code
Title 15 - Commerce and Trade
Chapter 40 - Department of Commerce
Sec. 1524 - Investment and reinvestments of moneys; credit and disbursement of interest

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Citation 15 U.S.C. § 1524 (2016)
Section Name §1524. Investment and reinvestments of moneys; credit and disbursement of interest
Section Text

Upon the request of the Secretary of Commerce, the Secretary of the Treasury may invest and reinvest in securities of the United States or in securities guaranteed as to principal and interest by the United States any moneys contained in the fund authorized herein. Income accruing from such securities, and from any other property accepted pursuant to section 1522 of this title, shall be deposited to the credit of the fund authorized herein, and shall be disbursed upon order of the Secretary of Commerce.

Source Credit

(Pub. L. 88–611, §3, Oct. 2, 1964, 78 Stat. 991.)

Editorial Notes CODIFICATION

Section was formerly classified to section 608c of Title 5 prior to the general revision and enactment of Title 5, Government Organization and Employees, by Pub. L. 89–554, §1, Sept. 6, 1966, 80 Stat. 378.

Publication Title United States Code, 2012 Edition, Supplement 4, Title 15 - COMMERCE AND TRADE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 15 - COMMERCE AND TRADE
CHAPTER 40 - DEPARTMENT OF COMMERCE
Sec. 1524 - Investment and reinvestments of moneys; credit and disbursement of interest
Contains section 1524
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large References 78 Stat. 991
80 Stat. 378
Public Law References Public Law 88-611, Public Law 89-554
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