§ 1524. — Investment and reinvestments of moneys; credit and disbursement of interest.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC1524]
TITLE 15--COMMERCE AND TRADE
CHAPTER 40--DEPARTMENT OF COMMERCE
Sec. 1524. Investment and reinvestments of moneys; credit and
disbursement of interest
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, Sec. 3, Oct. 2, 1964, 78 Stat. 991.)
Codification
Section was formerly classified to section 608c 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.
