An Act to authorize the acceptance of conditional gifts to further the defense effort
PL 83-537 (S.3197), enacted 07/27/1954

566 
PUBLIC LAW 537-JULY 27, 1954 
[68 S T A T , 
Congres s i o n a l 
approval. 
ARTICLE 
IX. 
This compact shall continue in force and remain binding on each 
state ratifying it until the legislature or the Governor of such state, 
as the laws of such state shall provide, takes action to withdraw there-
from. 
Such action shall not be effective until six months after notice 
thereof has been sent by the chief executive of the state desiring to 
withdraw to the chief executives of all states then parties to the 
compact. 
SEC. 2. Without further submission of the compact, the consent of 
Congress is given to any State to become a party to it in accordance 
with its terms. 
SEC. 3. The right to alter, amend, or repeal this Act is expressly 
reserved. 
Approved July 27, 1954. 
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; 
i . 
Public Law 537 
CHAPTER 582 
July 27. 1954 
- ^ ^ ^ ^ " ^ 
[S. 3197] 
To authorize the acceptance of conditional gifts to further the defense effort. 
Gifts. 
Acceptance 
defense. 
for 
Conversion 
money. 
Special account. 
Payment t o ap« 
p r o p r i a t i o n ac-
counts. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That to further the 
defense effort of the United States— 
(a) the Secretary of the Treasury is authorized to accept or 
reject on behalf of the United States any gift of money or other 
intangible personal property made on condition that it be used 
for a particular defense purpose; and 
(b) the Administrator of General Services is authorized to 
accept or reject on behalf of the United States any gift of other 
property, real or personal, made on condition that it be used for 
a particular defense purpose. 
SEC. 2. The Secretary of the Treasury may convert into money, at 
the best terms available, any such gift of intangible property other 
than money; and the Administrator of General Services may convert 
into money, at the best terms available, any such gift of tangible 
property, or transfer to any other Federal agency without reimburse-
ment such property as he may determine usable for the particular 
purpose for which it was donated. 
SEC. 3. There shall be established on the books of the Treasury a 
special account into which shall be deposited all money received as a 
result of such gifts. 
SEC. 4. The Secretary of the Treasury, in order to effectuate the 
purposes for which gifts accepted under this Act are made, shall from 
time to time pay the money in such special account to such of the 
various appropriation accounts as in his judgment will best effectuate 
the intent of the donors, and such money is hereby appropriated and 
shall be available for expenditure for the jjurposes of the appropria-
tions to which paid. 
SEC. 5. The Secretary of the Treasury and the Administrator of 
General Services shall consult with interested Federal agencies in 
carrying out the provisions of this Act. 
SEC. 6. Nothing in this Act shall be construed to modify or repeal 
the authority to accept conditional gifts under any other provision of 
law. 
Approved July 27, 1954.