§ 838j. Investment of excess moneys; deposit of moneys

125 words·~1 min read·/usc/title-16/section-838j

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)If the Administrator determines that moneys in the fund are in excess of current needs he may request the investment of such amounts as he deems advisable by the Secretary of the Treasury in direct, general obligations of, or obligations guaranteed as to both principal and interest by, the United States of America.

(b)With the approval of the Secretary of the Treasury, the Administrator may deposit moneys of the fund in any Federal Reserve bank or other depository for funds of the United States of America, or in such other banks and financial institutions and under such terms and conditions as the Administrator and the Secretary of the Treasury may mutually agree.

(Pub. L. 93–454, § 12, Oct. 18, 1974, 88 Stat. 1380.)

Connections1 cite this

Cited by 1 section

statutes-at-large

Public Law 93–454
To enable the Secretary of the Interior to provide for the operation, maintenance, and continued construction of the Federal transmission system in the Pacific Northwest by use of the revenues of the Federal Columbia River Power System and the proceeds of revenue bonds, and for other purposes

2 references not yet in our index

Pub. L. 93–454, § 12
88 Stat. 1380

Citation graph

cites case law

§ 838j

Investment of excess moneys; deposit of moneys

Stat.×1

Pub. L.Pub. L. 93–454, § 12

Stat.88 Stat. 1380

Cites 2Cited by 1 across 1 source