44 U.S.C. · Public Printing and Documents
44 U.S.C. § 2306

Investment of funds

Ch. 23 — NATIONAL ARCHIVES TRUST FUND BOARD
Title 44 U.S.C. ● ACTIVE Primary Source Ch. 23
Statutory Text

44 U.S.C. § 2306 — Investment of funds

U.S.C. Title 44 - PUBLIC PRINTING AND DOCUMENTS 44 U.S.C. United States Code, 2023 Edition Title 44 - PUBLIC PRINTING AND DOCUMENTS CHAPTER 23 - NATIONAL ARCHIVES TRUST FUND BOARD Sec. 2306 - Investment of funds From the U.S. Government Publishing Office, www.gpo.gov

§2306. Investment of funds

The Secretary of the Treasury shall receipt for moneys or securities composing trust funds given or bequeathed to the Board and shall invest, reinvest, and retain the moneys or securities as the Board from time to time determines. The Board may not engage in business or exercise a voting privilege which may be incidental to securities in such trust funds, nor may the Secretary of the Treasury make investments for the account of the Board which could not lawfully be made by a trust company in the District of Columbia, unless directly authorized by the instrument of gift or bequest under which the funds to be invested are derived, and may retain investments accepted by the Board.

(Pub. L. 90–620, Oct. 22, 1968, 82 Stat. 1292.)

Historical and Revision Notes Based on 44 U.S. Code, 1964 ed., §300dd (July 9, 1941, ch. 284, §4, 55 Stat. 581).

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 44 U.S.C. § 2306 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).
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