2-U.S.C.-2234

§2234 – Administration of Fund

Pathway

Title 2 > Chapter 31 > Subchapter III > Section 2234

Details

• Reference: Section 2234
• Legend: §2234 – Administration of Fund
• USCode Year: 2013

Provision Content

(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.

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

U.S. Encyclopedia of Law Coverage

2-U.S.C.-2183 in the Legal Encyclopedia: Congress

In this entry about 2-U.S.C.-2183, find legal reference material, bibliographies and premiere content related to congress in the American Encyclopedia of Law, presenting a comprehensive view of the United States congress-specific issues, written by authorities in the field.

2-U.S.C.-2211 in the Legal Encyclopedia: Capitol

In this entry about 2-U.S.C.-2211, find legal reference material, bibliographies and premiere content related to capitol in the American Encyclopedia of Law, presenting a comprehensive view of the United States capitol-specific issues, written by authorities in the field.

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