An Act to provide for the purchase of bonds to cover civilian officers and employees and military personnel of the Federal Government
PL 84-323 (H.R.4778), enacted 08/09/1955

618 
PUBLIC LAW 322-AUG. 9, 1955 
[69 ST A T . 
business, to the extent paid in jiny medium other than cash; or 
"(12) to, or on behalf of, an employee or his beneficiary— 
" (A) from or to a trust described in section 401 (a) which 
is exempt from tax under section 501 (a) at the time of such 
payment unless such payment is made to an employee of the 
trust as remuneration for services rendered as such employee 
and not as a beneficiary of the trust; or 
"(B) under or to an annuity plan which, at the time of 
such payment, meets the requirements of section 401 (a) (3), 
(4), (5), and (6)." 
Approved August 9, 1955. 
August 9, 1955 
[H. R. 3990] 
Public Law 322 
CHAPTER 682 
AN ACT 
To authorize the Secretary of the Interior to investigate and report to the 
Congress on projects for the conservation, development, and utilization of the 
water resources of Alaslia. 
Alaska. 
Water resources. 
Reports. 
Appropriation. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That, for the purpose 
of encouraging and promoting the development of Alaska, the Secre-
tary of the Interior (hereinafter referred to as the "Secretary") 
is authorized to make investigations of projects for the conservation, 
development, and utilization of the water resources of Alaska and 
to report thereon, with appropriate recommendations, from time to 
time, to the President and to the Congress. 
SEC. 2. Prior to the transmission of any such report to the Congress, 
the Secretary shall transmit copies thereof for information and com-
ment to the Governor of Alaska, or to such representative as may be 
named by him, and to the heads of interested Federal departments and 
agencies. 
The written views and recommendations of the afore-
mentioned officials may be submitted to the Secretary within ninety 
days from the day of receipt of said proposed report. The Secretary 
shall immediately thereafter transmit to the Congress, with such 
comments and recommendations as he deems appropriate, his report, 
together with copies of the views and recommendations received from 
the aforementioned officials. The letter of transmittal and its attach-
ments shall be printed as a House or Senate document. 
SEC. 3. There are hereby authorized to be appropriated not more than 
$250,000 in any one fiscal year. 
Approved August 9, 1955. 
August 9,1955 
[H. R. 4778] 
Public Law 323 
CHAPTER 683 
AN ACT 
To provide for the purchase of bonds to cover civilian officers and employees and 
military personnel of the Federal Government. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 14 of 
61 Stat. 650. 
title 6 of the United States Code is amended to read as follows: 
"§ 14. Purchase of Bonds to Cover OflScers and Employees of the Federal 
Government 
"(a) Subject to subsection (b) of this section, the head of each de-
partment and independent establishment in the executive branch of the 
Federal Government shall obtain, under regulations which shall be