20 U.S. Code § 5606 - Establishment of Morris K. Udall and Stewart L. Udall Trust Fund

(a) Establishment of Trust Fund
There is established in the Treasury of the United States a trust fund to be known as the “Morris K. Udall and Stewart L. Udall Trust Fund” to be administered by a Foundation. The Trust Fund shall consist of amounts appropriated to it pursuant to section 5609 (a) of this title and amounts credited to it under subsection (b) of this section.
(b) Investment of Trust Fund assets
(1)   [1] In general.—It shall be the duty of the Secretary of the Treasury to invest, at the direction of the Foundation Board, in full the amounts appropriated to the Trust Fund. Such investments shall be in public debt securities with maturities suitable to the needs of the Trust Fund. Investments in public debt securities shall bear interest “at rates determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States” of comparable maturity.


[1]  So in original. No par. (2) has been enacted.

Source

(Pub. L. 102–259, § 8,Mar. 19, 1992, 106 Stat. 82; Pub. L. 105–156, § 9,Feb. 11, 1998, 112 Stat. 12; Pub. L. 111–90, § 7,Nov. 3, 2009, 123 Stat. 2978.)
Amendments

2009—Pub. L. 111–90substituted “and Stewart L. Udall” for “Scholarship and Excellence in National Environmental Policy” in section catchline and in subsec. (a).
1998—Subsec. (a). Pub. L. 105–156, § 9(a), substituted “The Trust Fund” for “The fund” and “5609(a)” for “5609”.
Subsec. (b). Pub. L. 105–156, § 9(b), substituted “Trust Fund” for “Fund” in two places.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

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20 USCDescription of ChangeSession YearPublic LawStatutes at Large

 

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