§ 276bb. Acceptance of funds and property from Mrs. Kermit Roosevelt; purpose and use; disbursement and investment of fund
367 words·~2 min read·
/usc/title-22/section-276bbA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board is authorized to accept from Mrs. Kermit Roosevelt such money and property as she may tender, to receipt therefor on behalf of the United States, and to deposit the funds so received in the Treasury of the United States as the original corpus of a trust fund, to be known as the Kermit Roosevelt fund, which shall be used for the purpose of fostering a better understanding and a closer relationship between the military forces of the United States and those of the United Kingdom by sponsoring lectures or courses of instruction to be delivered by officers of the British Army at the United States Military Academy and elsewhere in the United States and by officers of the United States Army at Sandhurst Royal Military College and elsewhere in the United Kingdom or, should such exchange lectures prove or become impracticable or unnecessary for any reason, by such other application of the funds as the board, with the approval of the Secretary of the Army may determine.
The original corpus of the fund and the income therefrom may be disbursed at the discretion of the board in furtherance of the stated purpose, and shall be subject to investment and reinvestment as provided in section 276cc of this title.
(July 2, 1945, ch. 228, § 2, 59 Stat. 316; July 26, 1947, ch. 343, title II, § 205(a), 61 Stat. 501.)
Connections2 cite this · traces to 1
Cited by 2 sections
Traces to 1 document
10 references not yet in our index
- July 2, 1945, ch. 228, § 2
- 59 Stat. 316
- July 26, 1947, ch. 343
- 61 Stat. 501
- section 225 of Title 5
- Pub. L. 89–554, § 1
- 80 Stat. 378
- act July 26, 1947, ch. 343, title II
- act Aug. 10, 1956, ch. 1041
- 70A Stat. 641
Citation graph
cites case law
§ 276bb
Acceptance of funds and property from Mrs. Kermit Roosevelt; purpose and use; disbursement and investment of fund
U.S.C.×2
ActJuly 2, 1945, ch. 228, § 2
Stat.59 Stat. 316
ActJuly 26, 1947, ch. 343
Stat.61 Stat. 501
Citesection 225 of Title 5
Cites 11 · showing 6Cited by 2 across 1 source