FEDERAL · 16 U.S.C. · Chapter 12G
Investment of excess moneys; deposit of moneys
16 U.S.C. § 838j
Title16 — Conservation
Chapter12G — PACIFIC NORTHWEST FEDERAL TRANSMISSION SYSTEM
This text of 16 U.S.C. § 838j (Investment of excess moneys; deposit of moneys) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
16 U.S.C. § 838j.
Text
(a)If the Administrator determines that moneys in the fund are in excess of current needs he may request the investment of such amounts as he deems advisable by the Secretary of the Treasury in direct, general obligations of, or obligations guaranteed as to both principal and interest by, the United States of America.
(b)With the approval of the Secretary of the Treasury, the Administrator may deposit moneys of the fund in any Federal Reserve bank or other depository for funds of the United States of America, or in such other banks and financial institutions and under such terms and conditions as the Administrator and the Secretary of the Treasury may mutually agree.
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Source Credit
History
(Pub. L. 93–454, §12, Oct. 18, 1974, 88 Stat. 1380.)
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Bluebook (online)
16 U.S.C. § 838j, Counsel Stack Legal Research, https://law.counselstack.com/usc/16/838j.