2 U.S.C. § 2234 — Administration of Fund

FEDERAL · 2 U.S.C. · Chapter 31

Administration of Fund

Current through Pub. L. 119-102

Title 2 — The Congress·Ch. 31 — CAPITOL VISITOR CENTER·Subch. III

(a)Disbursements Disbursements from the Fund may be made by the Architect of the Capitol, upon recommendation of the Chief Executive Officer.

(b)Investment authority The Secretary of the Treasury shall invest any portion of the Fund that, as determined by the Architect of the Capitol, upon recommendation of the Chief Executive Officer, is not required to meet current expenses. Each investment shall be made in an interest-bearing obligation of the United States or an obligation guaranteed both as to principal and interest by the United States that, as determined by the Architect of the Capitol, upon recommendation of the Chief Executive Officer, has a maturity date suitable for the purposes of the Fund. The Secretary of the Treasury shall credit interest earned on the obligations to the F

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(a) Disbursements
Disbursements from the Fund may be made by the Architect of the Capitol, upon recommendation of the Chief Executive Officer.
(b) Investment authority
The Secretary of the Treasury shall invest any portion of the Fund that, as determined by the Architect of the Capitol, upon recommendation of the Chief Executive Officer, is not required to meet current expenses. Each investment shall be made in an interest-bearing obligation of the United States or an obligation guaranteed both as to principal and interest by the United States that, as determined by the Architect of the Capitol, upon recommendation of the Chief Executive Officer, has a maturity date suitable for the purposes of the Fund. The Secretary of the Treasury shall credit interest earned on the obligations to the Fund.
(c) Audit
The Fund shall be subject to audit by the Comptroller General at the discretion of the Comptroller General.

2 U.S.C. § 2234 (Administration of Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Pub. L. 110–437, title III, §304, Oct. 20, 2008, 122 Stat. 4990.)