10-U.S.C.-1117
§1117 – Investment of Assets of Fund
Pathway
Title 10 > Subtitle A > Part II > Chapter 56 > Section 1117
Details
- Reference: Section 1117
- Legend: §1117 – Investment of Assets of Fund
- USCode Year: 2013
Provision Content
The Secretary of the Treasury shall invest such portion of the Fund as is not in the judgment of the Secretary of Defense required to meet current withdrawals. Such investments shall be in public debt securities with maturities suitable to the needs of the Fund, as determined by the Secretary of Defense, and bearing interest at rates determined by the Secretary of the Treasury, taking into consideration current market yields on outstanding marketable obligations of the United States of comparable maturities. The income on such investments shall be credited to and form a part of the Fund.
(Added Pub. L. 106–398, §1 [[div. A], title VII, §713(a)(1)], Oct. 30, 2000, 114 Stat. 1654, 1654A–184.)
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