
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC205g]

 
                      TITLE 15--COMMERCE AND TRADE
 
            CHAPTER 6--WEIGHTS AND MEASURES AND STANDARD TIME
 
                    SUBCHAPTER II--METRIC CONVERSION
 
Sec. 205g. Gifts, donations and bequests to Board


(a) Authorization; deposit into Treasury and disbursement

    The Board may accept, hold, administer, and utilize gifts, 
donations, and bequests of property, both real and personal, and 
personal services, for the purpose of aiding or facilitating the work of 
the Board. Gifts and bequests of money, and the proceeds from the sale 
of any other property received as gifts or requests, shall be deposited 
in the Treasury in a separate fund and shall be disbursed upon order of 
the Board.

(b) Federal income, estate, and gift taxation of property

    For purpose of Federal income, estate, and gift taxation, property 
accepted under subsection (a) of this section shall be considered as a 
gift or bequest to or for the use of the United States.

(c) Investment of moneys; disbursement of accrued income

    Upon the request of the Board, the Secretary of the Treasury may 
invest and reinvest, in securities of the United States, any moneys 
contained in the fund authorized in subsection (a) of this section. 
Income accruing from such securities, and from any other property 
accepted to the credit of such fund, shall be dispersed upon the order 
of the Board.

(d) Reversion to Treasury of unexpended funds

    Funds not expended by the Board as of the date when it ceases to 
exist, in accordance with section 205d(d) of this title, shall revert to 
the Treasury of the United States as of such date.

(Pub. L. 94-168, Sec. 8, Dec. 23, 1975, 89 Stat. 1011.)
