FEDERAL · 17 U.S.C. · Chapter 10
Deposit of royalty payments and deduction of expenses
Current through Pub. L. 119-102
The Register of Copyrights shall receive all royalty payments deposited under this chapter and, after deducting the reasonable costs incurred by the Copyright Office under this chapter, shall deposit the balance in the Treasury of the United States as offsetting receipts, in such manner as the Secretary of the Treasury directs. All funds held by the Secretary of the Treasury shall be invested in interest-bearing United States securities for later distribution with interest under section 1007. The Register may, in the Register's discretion, 4 years after the close of any calendar year, close out the royalty payments account for that calendar year, and may treat any funds remaining in such account and any subsequent deposits that would otherwise be attributable to that calendar year as attri
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17 U.S.C. § 1005 (Deposit of royalty payments and deduction of expenses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 1007
17 U.S.C. § 1007
Source Credit
History
(Added Pub. L. 102–563, §2, Oct. 28, 1992, 106 Stat. 4242; amended Pub. L. 103–198, §6(b)(2), Dec. 17, 1993, 107 Stat. 2312.)
Editorial Notes
Editorial Notes
Amendments
1993—Pub. L. 103–198 struck out at end "The Register shall submit to the Copyright Royalty Tribunal, on a monthly basis, a financial statement reporting the amount of royalties under this chapter that are available for distribution."
Amendments
1993—Pub. L. 103–198 struck out at end "The Register shall submit to the Copyright Royalty Tribunal, on a monthly basis, a financial statement reporting the amount of royalties under this chapter that are available for distribution."