§ 838j. — Investment of excess moneys; deposit of moneys.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC838j]
TITLE 16--CONSERVATION
CHAPTER 12G--PACIFIC NORTHWEST FEDERAL TRANSMISSION SYSTEM
Sec. 838j. Investment of excess moneys; deposit of moneys
(a) If the Administrator determines that moneys in the fund are in
excess of current needs he may request the investment of such amounts as
he deems advisable by the Secretary of the Treasury in direct, general
obligations of, or obligations guaranteed as to both principal and
interest by, the United States of America.
(b) With the approval of the Secretary of the Treasury, the
Administrator may deposit moneys of the fund in any Federal Reserve bank
or other depository for funds of the United States of America, or in
such other banks and financial institutions and under such terms and
conditions as the Administrator and the Secretary of the Treasury may
mutually agree.
(Pub. L. 93-454, Sec. 12, Oct. 18, 1974, 88 Stat. 1380.)
