FEDERAL · 20 U.S.C. · Chapter SUBCHAPTER I—CHARTER PROVISIONS

Acceptance of other sums

20 U.S.C. § 55
Title20Education
ChapterSUBCHAPTER I—CHARTER PROVISIONS

This text of 20 U.S.C. § 55 (Acceptance of other sums) 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
20 U.S.C. § 55.

Text

The Secretary of the Treasury is authorized and directed to receive into the Treasury, on the same terms as the original bequest of James Smithson, such sums as the Regents may, from time to time, see fit to deposit, not exceeding, with the original bequest, the sum of $1,000,000. This shall not operate as a limitation on the power of the Smithsonian Institution to receive money or other property by gift, bequest, or devise, and to hold and dispose of the same in promotion of the purposes thereof.

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Source Credit

History

(R.S. §5591; Mar. 12, 1894, ch. 36, 28 Stat. 41.)

Editorial Notes

Editorial Notes

Codification
R.S. §5591 derived from act Feb. 5, 1867, ch. 34, §1, 14 Stat. 391.

Amendments
1894—Act Mar. 12, 1894, made limitation on deposits into the Treasury inapplicable to receipt of gifts, bequests and devises and dispositions of money or other property.

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Bluebook (online)
20 U.S.C. § 55, Counsel Stack Legal Research, https://law.counselstack.com/usc/20/55.