16-U.S.C.-19H
§19H – Property and Income Dealings and Transactions; Prohibition of Engagement In Business; Trust Company Type of Investments; Utilization of Services and Facilities of Federal Agencies Without Reimbursement; Transfer Instrument Requirements and Investments
Pathway
Title 16 > Chapter 1 > Subchapter III > Section 19h
Details
- Reference: Section 19h
- Legend: §19H – Property and Income Dealings and Transactions; Prohibition of Engagement In Business; Trust Company Type of Investments; Utilization of Services and Facilities of Federal Agencies Without Reimbursement; Transfer Instrument Requirements and Investments
- USCode Year: 2013
Provision Content
Except as otherwise required by the instrument of transfer, the Foundation may sell, lease, invest, reinvest, retain, or otherwise dispose of or deal with any property or income thereof as the Board may from time to time determine. The Foundation shall not engage in any business, nor shall the Foundation make any investment that may not lawfully be made by a trust company in the District of Columbia, except that the Foundation may make any investment authorized by the instrument of transfer, and may retain any property accepted by the Foundation. The Foundation may utilize the services and facilities of the Department of the Interior and the Department of Justice, and such services and facilities may be made available on request to the extent practicable with or without reimbursement therefor. Monies reimbursed to either Department shall be returned by the Department to the account from which the funds for which the reimbursement is made were drawn and may, without further appropriation, be expended for any purpose for which such account is authorized.
(Pub. L. 90–209, §4, Dec. 18, 1967, 81 Stat. 656; Pub. L. 106–176, title III, §305, Mar. 10, 2000, 114 Stat. 33.)
Amendments
2000—Pub. L. 106–176 inserted with or before without and inserted at end Monies reimbursed to either Department shall be returned by the Department to the account from which the funds for which the reimbursement is made were drawn and may, without further appropriation, be expended for any purpose for which such account is authorized.
U.S. Encyclopedia of Law Coverage
16-U.S.C.-19JJ-1 in the Legal Encyclopedia: Conservation
In this entry about 16-U.S.C.-19JJ-1, find legal reference material, bibliographies and premiere content related to conservation in the American Encyclopedia of Law, presenting a comprehensive view of the United States conservation-specific issues, written by authorities in the field.
16-U.S.C.-19G in the Legal Encyclopedia: Parks
In this entry about 16-U.S.C.-19G, find legal reference material, bibliographies and premiere content related to parks in the American Encyclopedia of Law, presenting a comprehensive view of the United States parks-specific issues, written by authorities in the field.
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