§ 80a-45. — Reports by Commission; hiring and leasing authority.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC80a-45]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2D--INVESTMENT COMPANIES AND ADVISERS
SUBCHAPTER I--INVESTMENT COMPANIES
Sec. 80a-45. Reports by Commission; hiring and leasing authority
(a) Omitted
(b) Hiring and leasing authority
The provisions of section 78d(b) of this title shall be applicable
with respect to the power of the Commission--
(1) to appoint and fix the compensation of such employees as may
be necessary for carrying out its functions under this subchapter,
and
(2) to lease and allocate such real property as may be necessary
for carrying out its functions under this subchapter.
(Aug. 22, 1940, ch. 686, title I, Sec. 46, 54 Stat. 845; Oct. 28, 1949,
ch. 782, title XI, Sec. 1106(a), 63 Stat. 972; Pub. L. 101-550, title I,
Sec. 104(c), Nov. 15, 1990, 104 Stat. 2714.)
Codification
Subsection (a), which required the Securities and Exchange
Commission to submit an annual report to Congress on the work of the
Commission, terminated, effective May 15, 2000, pursuant to section 3003
of Pub. L. 104-66, as amended, set out as a note under section 1113 of
Title 31, Money and Finance. See, also, page 191 of House Document No.
103-7.
Amendments
1990--Subsec. (b). Pub. L. 101-550 amended subsec. (b) generally.
Prior to amendment, subsec. (b) related to appointment and compensation
of employees.
1949--Subsec. (b). Act Oct. 28, 1949, substituted ``Classification
Act of 1949'' for ``Classification Act of 1923''.
Repeals
Act Oct. 28, 1949, ch. 782, set out in the credit of this section,
was repealed (subject to a savings clause) by Pub. L. 89-554, Sept. 6,
1966, Sec. 8, 80 Stat. 632, 655.
Transfer of Functions
For transfer of functions of Securities and Exchange Commission,
with certain exceptions, to Chairman of such Commission, see Reorg. Plan
No. 10 of 1950, Secs. 1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat.
1265, set out under section 78d of this title.
Section Referred to in Other Sections
This section is referred to in sections 80a-6, 80a-58 of this title.
