BS
Boise Standard
Treasure Valley · AI Directory
2 U.S.C. · The Congress
2 U.S.C. § 158a

Temporary possession of gifts of money or securities to Library of Congress; investment

Ch. 5 — LIBRARY OF CONGRESS
Title 2 U.S.C. ● ACTIVE Primary Source Ch. 5
Statutory Text

2 U.S.C. § 158a — Temporary possession of gifts of money or securities to Library of Congress; investment

U.S.C. Title 2 - THE CONGRESS 2 U.S.C. United States Code, 2023 Edition Title 2 - THE CONGRESS CHAPTER 5 - LIBRARY OF CONGRESS Sec. 158a - Temporary possession of gifts of money or securities to Library of Congress; investment From the U.S. Government Publishing Office, www.gpo.gov

§158a. Temporary possession of gifts of money or securities to Library of Congress; investment

In the case of a gift of money or securities offered to the Library of Congress, if, because of conditions attached by the donor or similar considerations, expedited action is necessary, the Librarian of Congress may take temporary possession of the gift, subject to approval under section 156 of this title. The gift shall be receipted for and invested, reinvested, or retained as provided in section 157 of this title, except that— (1) a gift of securities may not be invested or reinvested; and (2) any investment or reinvestment of a gift of money shall be made in an interest bearing obligation of the United States or an obligation guaranteed as to principal and interest by the United States.

If the gift is not so approved within the 12-month period after the Librarian so takes possession, the principal of the gift shall be returned to the donor and any income earned during that period shall be available for use with respect to the Library of Congress as provided by law.

(Mar. 3, 1925, ch. 423, §2 (par.), as added Pub. L. 102–246, §3, Feb. 18, 1992, 106 Stat. 31.)

Editorial Notes

Codification Section is comprised of fourth par. of section 2 of act Mar. 3, 1925, as added by Pub. L. 102–246. First, second, and third pars. of section 2 are classified to sections 156, 157, and 158 of this title, respectively.

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC02-SEC-0D569D
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
2 U.S.C. § 158a
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
e045565cfe5ff4a8...
Semantic Edges
Pending — corpus passes queued
The statutory text of 2 U.S.C. § 158a is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
Navigate Corpus — Title 2
← 2 U.S.C. § 158 2 U.S.C. § 159 →
Ch. 5 — LIBRARY OF CONGRESS
2 U.S.C. § 1312 U.S.C. § 1322 U.S.C. § 132a2 U.S.C. § 132a12 U.S.C. § 132a22 U.S.C. § 132a32 U.S.C. § 132b2 U.S.C. § 1332 U.S.C. § 1342 U.S.C. § 1352 U.S.C. § 135a2 U.S.C. § 135a12 U.S.C. § 135b2 U.S.C. § 1362 U.S.C. § 13612 U.S.C. § 136a2 U.S.C. § 136a22 U.S.C. § 136b2 U.S.C. § 136c2 U.S.C. § 1372 U.S.C. § 137a2 U.S.C. § 137c2 U.S.C. § 1382 U.S.C. § 1392 U.S.C. § 1402 U.S.C. § 1412 U.S.C. § 141a2 U.S.C. § 141b2 U.S.C. § 1422 U.S.C. § 142a
2 U.S.C. — public domain ← All Legislation
◈ Provenance
boisestandard.org → United States → Law → U.S. Code → Title 2 → 2 U.S.C. § 158a