12-U.S.C.-1772A
§1772A – Gifts; Acceptance of Conditional Gifts; Deposit
Pathway
Title 12 > Chapter 14 > Subchapter I > Section 1772a
Details
- Reference: Section 1772a
- Legend: §1772A – Gifts; Acceptance of Conditional Gifts; Deposit
- USCode Year: 2013
Provision Content
The Board is authorized to accept gifts of money made unconditionally by will or otherwise for the carrying out of any of the functions under this chapter. A conditional gift of money made by will or otherwise for such purposes may be accepted and used in accordance with its conditions, but no such gift shall be accepted which is conditioned upon any expenditure not to be met therefrom or from income thereof unless the Board determines that supplementation of such gift from the fees it may expend pursuant to sections 1755 and 1756 of this title or from any funds appropriated pursuant to section 1766(f)(2)(C) of this title for the purpose of making such expenditure will not adversely affect the sound administration of this chapter. Any such gift shall be deposited in the Treasury of the United States for the account of the Administration and may be expended in accordance with section 1755 of this title or as provided in the preceding sentence.
(June 26, 1934, ch. 750, title I, §127, formerly §28, as added Pub. L. 90–375, §3, July 5, 1968, 82 Stat. 285; amended Pub. L. 91–206, §2(1), (3), Mar. 10, 1970, 84 Stat. 49; renumbered title I, §127, Pub. L. 91–468, §1(2), Oct. 19, 1970, 84 Stat. 994; amended Pub. L. 95–630, title V, §502(b), Nov. 10, 1978, 92 Stat. 3681.)
Amendments
1978—Pub. L. 95–630 substituted Board for Administrator in two places, and it may expend for he may expend.
1970—Pub. L. 91–206 substituted Administrator for Director and Administration for Bureau wherever appearing.
Effective Date of 1978 Amendment
Amendment by Pub. L. 95–630 effective on expiration of 120 days after Nov. 10, 1978, and transitional provisions, see section 509 of Pub. L. 95–630, set out as a note under section 1752 of this title.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-1757 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-1757, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-1762 in the Legal Encyclopedia: Credit Institutions
In this entry about 12-U.S.C.-1762, find legal reference material, bibliographies and premiere content related to credit institutions in the American Encyclopedia of Law, presenting a comprehensive view of the United States credit institutions-specific issues, written by authorities in the field.
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