
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: 22USC276cc]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
                  SUBCHAPTER III--KERMIT ROOSEVELT FUND
 
Sec. 276cc. Acceptance of funds and property from other sources; 
        limitation; disbursement and investment
        
    The board is also authorized to accept, receive, hold, and 
administer gifts, bequests and devises of money, securities, or other 
property, whether real or personal, from any source, for the benefit of 
the Kermit Roosevelt fund, but no such gift, bequest, or devise which 
entails any expenditure not to be met out of the gift, bequest, devise, 
or the income thereof shall be accepted without the consent of Congress. 
Such additional sums or property shall be receipted for by the Chief of 
Finance and may, at the discretion of the board and unless otherwise 
restricted by the terms of the gift, bequest, or devise, be administered 
and disbursed in the same manner as the original corpus of the fund and 
the income therefrom. The board may in its discretion sell or exchange 
securities or other property given, bequeathed, or devised to or for the 
benefit of the Kermit Roosevelt fund, and may invest and reinvest the 
proceeds thereof, together with any other moneys in the fund, in such 
investments as it may determine from time to time: Provided, however, 
That the board is not authorized to engage in any business, nor shall it 
make any investments for the account of the fund which could not 
lawfully be made by a trust company in the District of Columbia, except 
that it may make any investment directly authorized by the instrument of 
gift, bequest, or devise under which the funds to be invested are 
derived, and may retain any investments accepted by it.

(July 2, 1945, ch. 228, Sec. 3, 59 Stat. 317.)

                          Codification

    Section was formerly classified to section 226 of Title 5 prior to 
the general revision and enactment of Title 5, Government Organization 
and Employees, by Pub. L. 89-554, Sec. 1, Sept. 6, 1966, 80 Stat. 378.

                  Section Referred to in Other Sections

    This section is referred to in sections 276bb, 276ee of this title.
