38 U.S. Code § 8158 - Deposit in escrow
Deposit in escrow
(a) To facilitate the procurement of medical equipment pursuant to section 8157 of this title, the Secretary may enter into escrow agreements with institutions described in section 8153(a) of this title. Any such agreement shall provide that—
the institutions shall pay to the Secretary the funds necessary to make a payment under section 8157(b)(4) of this title;
(b) As escrow agent for funds placed in escrow pursuant to an agreement under subsection (a), the Secretary may—
invest the escrowed funds in obligations of the Federal Government or obligations which are insured or guaranteed by the Federal Government;
If the Secretary enters into an escrow agreement under this section, the Secretary may enter into an agreement to procure medical equipment if one-half the purchase price of the equipment is available in an appropriation or fund for the expenditure or obligation.
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