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.
(Pub. L. 88–611, §3, Oct. 2, 1964, 78 Stat. 991.)
Sections: Previous 1516a 1517 1518 1519 1521 1522 1523 1524 1525 1526 1527 1527a 1529 1530 1531 Next
Last modified: October 26, 2015