§ 2234. Administration of Fund

162 words·~1 min read·/usc/title-2/section-2234

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(a)Disbursements Disbursements from the Fund may be made by the Architect of the Capitol, upon recommendation of the Chief Executive Officer.

(b)Investment authority The Secretary of the Treasury shall invest any portion of the Fund that, as determined by the Architect of the Capitol, upon recommendation of the Chief Executive Officer, is not required to meet current expenses. Each investment shall be made in an interest-bearing obligation of the United States or an obligation guaranteed both as to principal and interest by the United States that, as determined by the Architect of the Capitol, upon recommendation of the Chief Executive Officer, has a maturity date suitable for the purposes of the Fund. The Secretary of the Treasury shall credit interest earned on the obligations to the Fund.

(c)Audit The Fund shall be subject to audit by the Comptroller General at the discretion of the Comptroller General.

(Pub. L. 110–437, title III, § 304, Oct. 20, 2008, 122 Stat. 4990.)

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Public Law 110–437
To establish the Office of the Capitol Visitor Center within the Office of the Architect of the Capitol, headed by the Chief Executive Officer for Visitor Services, to provide for the effective management and administration of the Capitol Visitor Center, and for other purposes

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Pub. L. 110–437, title III, § 304
122 Stat. 4990

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§ 2234

Administration of Fund

Stat.×1

Pub. L.Pub. L. 110–437, title III, § 304

Stat.122 Stat. 4990

Cites 2Cited by 1 across 1 source