
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 50USC1151]

 
                   TITLE 50--WAR AND NATIONAL DEFENSE
 
                 CHAPTER 26--GIFTS FOR DEFENSE PURPOSES
 
Secs. 1151 to 1156. Repealed. Pub. L. 101-403, title II, 
        Sec. 202(b), Oct. 1, 1990, 104 Stat. 874
        
    Section 1151, act July 27, 1954, ch. 582, Sec. 1, 68 Stat. 566, 
authorized Secretary of the Treasury and Administrator of General 
Services to accept gifts of money or property on behalf of the United 
States made on condition that such gifts be used for particular defense 
purposes. See section 2608 of Title 10, Armed Forces.
    Section 1152, act July 27, 1954, ch. 582, Sec. 2, 68 Stat. 566, 
authorized Secretary of the Treasury and Administrator of General 
Services to convert into money any gifts of property.
    Section 1153, act July 27, 1954, ch. 582, Sec. 3, 68 Stat. 566, 
established a special account in the Treasury for depositing gifts.
    Section 1154, act July 27, 1954, ch. 582, Sec. 4, 68 Stat. 566, 
directed Secretary of the Treasury to pay to various appropriation 
accounts any moneys in the special account which in his judgment would 
best effectuate the purpose of the gifts.
    Section 1155, act July 27, 1954, ch. 582, Sec. 5, 68 Stat. 566, 
directed Secretary of the Treasury and Administrator of General Services 
to consult with interested Federal agencies in carrying out this 
chapter.
    Section 1156, act July 27, 1954, ch. 582, Sec. 6, 68 Stat. 566, 
provided that nothing in this chapter was to be construed to modify or 
repeal the authority to accept conditional gifts under any other 
provision of law.


                            Transfer of Funds

    Section 202(c) of Pub. L. 101-403 provided that: ``Any money in the 
special account provided for in section 3 of the Act [former 50 U.S.C. 
1153] referred to in subsection (b) [repealing this chapter] on the date 
of the enactment of this Act [Oct. 1, 1990] shall be credited to the 
Defense Cooperation Account provided for in section 2608(b) of title 10, 
United States Code, as added by subsection (a).''
