§ 1522. — Acceptance of gifts and bequests for purposes of the Department; separate fund; disbursements.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC1522]
TITLE 15--COMMERCE AND TRADE
CHAPTER 40--DEPARTMENT OF COMMERCE
Sec. 1522. Acceptance of gifts and bequests for purposes of the
Department; separate fund; disbursements
The Secretary of Commerce is hereby authorized to accept, hold,
administer, and utilize gifts and bequests of property, both real and
personal, for the purpose of aiding or facilitating the work of the
Department of Commerce. Gifts and bequests of money and the proceeds
from sales of other property received as gifts or bequests shall be
deposited in the Treasury in a separate fund and shall be disbursed upon
order of the Secretary of Commerce. Property accepted pursuant to this
provision, and the proceeds thereof, shall be used as nearly as possible
in accordance with the terms of the gift or bequest.
(Pub. L. 88-611, Sec. 1, Oct. 2, 1964, 78 Stat. 991.)
Codification
Section was formerly classified to section 608a of Title 5 prior to
the general revision and enactment of Title 5, Government Organization
and Employees, by Pub. L. 89-554, Sec. 1, Sept. 6, 1966, 80 Stat. 378.
Transfer of Funds
Section 4(b) of Pub. L. 88-611 provided that: ``All gifts and
bequests received under the provisions of law repealed by subsection (a)
of this section [which repealed section 278a of this title, section 883g
of Title 33, Navigation and Navigable Waters, and section 1126(g) of
former Title 46, Shipping] and all funds held on the date of enactment
of this Act [Oct. 2, 1964] in the United States Merchant Marine Academy
general gift fund, established by subsection (g) of section 216 of the
Merchant Marine Act, 1936 [section 1126(g) of former Title 46], shall be
transferred to the fund authorized by this Act [sections 1522 to 1524 of
this title] and shall be administered in accordance with the provisions
of this Act [sections 1522 to 1524 of this title].''
Section Referred to in Other Sections
This section is referred to in sections 1523, 1524 of this title;
title 47 section 904.
