Investment of court registry funds

28 U.S.C. § 2045

• Title: 28 — Judiciary and Judicial Procedure
• Chapter: 129 — MONEYS PAID INTO COURT

Text

(a) The Director of the Administrative Office of the United States Courts, or the Director's designee under subsection (b), may request the Secretary of the Treasury to invest funds received under section 2041 in public debt securities with maturities suitable to the needs of the funds, as determined by the Director or the Director's designee, and bearing interest at a rate determined by the Secretary of the Treasury, taking into consideration current market yields on outstanding marketable obligations of the United States of comparable maturity.
(b) The Director may designate the clerk of a court described in section 610 to exercise the authority conferred by subsection (a).

History

(Added Pub. L. 110–406, §8(a), Oct. 13, 2008, 122 Stat. 4293.)

Editorial Notes

Amendments
1988—Pub. L. 100–702, title IV, §401(d), Nov. 19, 1988, 102 Stat. 4650, added items 2072 to 2075 and struck out former items 2072 "Rules of civil procedure", 2075 "Bankruptcy rules", and 2076 "Rules of evidence".
1982—Pub. L. 97–164, title II, §208(b), Apr. 2, 1982, 96 Stat. 55, added item 2077.
1975—Pub. L. 93–595, §2(a)(2), Jan. 2, 1975, 88 Stat. 1949, added item 2076.
1966—Pub. L. 89–773, §3, Nov. 6, 1966, 80 Stat. 1323, struck out "for district courts" in item 2072 and struck out items 2073 and 2074.
1964—Pub. L. 88–623, §2, Oct. 3, 1964, 78 Stat. 1001, added item 2075.
1954—Act July 27, 1954, ch. 583, §2, 68 Stat. 567, added item 2074.