2016 US Code
Title 17 - Copyrights
Chapter 10 - Digital Audio Recording Devices and Media
Subchapter C - Royalty Payments
Sec. 1005 - Deposit of royalty payments and deduction of expenses
| 17 U.S.C. § 1005 (2016) |
| §1005. Deposit of royalty payments and deduction of expenses |
|
The Register of Copyrights shall receive all royalty payments deposited under this chapter and, after deducting the reasonable costs incurred by the Copyright Office under this chapter, shall deposit the balance in the Treasury of the United States as offsetting receipts, in such manner as the Secretary of the Treasury directs. All funds held by the Secretary of the Treasury shall be invested in interest-bearing United States securities for later distribution with interest under section 1007. The Register may, in the Register's discretion, 4 years after the close of any calendar year, close out the royalty payments account for that calendar year, and may treat any funds remaining in such account and any subsequent deposits that would otherwise be attributable to that calendar year as attributable to the succeeding calendar year. |
|
(Added Pub. L. 102–563, §2, Oct. 28, 1992, 106 Stat. 4242; amended Pub. L. 103–198, §6(b)(2), Dec. 17, 1993, 107 Stat. 2312.) |
|
AMENDMENTS
1993—Pub. L. 103–198 struck out at end "The Register shall submit to the Copyright Royalty Tribunal, on a monthly basis, a financial statement reporting the amount of royalties under this chapter that are available for distribution." |
| United States Code, 2012 Edition, Supplement 4, Title 17 - COPYRIGHTS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 17 - COPYRIGHTS CHAPTER 10 - DIGITAL AUDIO RECORDING DEVICES AND MEDIA SUBCHAPTER C - ROYALTY PAYMENTS Sec. 1005 - Deposit of royalty payments and deduction of expenses |
| section 1005 |
| 2016 |
| January 6, 2017 |
| Yes |
| standard |
| 106 Stat. 4242 107 Stat. 2312 |
| Public Law 102-563, Public Law 103-198 |
