Source: http://www.law.cornell.edu/uscode/text/20/5606
Timestamp: 2013-12-10 17:23:06
Document Index: 382880879

Matched Legal Cases: ['§ 5606', '§ 5606', '§ 5606', '§ 8', '§ 9', '§ 7', '§ 9', '§ 9']

20 USC § 5606 - Establishment of Morris K. Udall and Stewart L. Udall Trust Fund | Title 20 - Education | U.S. Code | LII / Legal Information Institute
USC › Title 20 › Chapter 66 › § 5606	prevnext
20 USC § 5606 - Establishment of Morris K. Udall and Stewart L. Udall Trust Fund
Establishment of Trust Fund
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.
Investment of Trust Fund assets
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 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.
So in original. No par. (2) has been enacted.
(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.)
2009—Pub. L. 111–90substituted “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.
formula AB trust