yourstate.us
Home / United States / 10 U.S.C.
10 U.S.C. § 1117

Investment of assets of Fund

United States · Title 10 — ARMED FORCES · Status: effective

Banking, Finance & Insurance
Get this as JSONEmbed this
Cite this
Citation
10 U.S.C. § 1117, Investment of assets of Fund, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/433245
Permanent ID
ys:prov:433245@1
SHA-256
424700a9544c32697cc4cf026c70cffb25c94dcb885371d5e7056971664ba2bb

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

The Secretary of the Treasury shall invest such portion of the Fund as is not in the judgment of the Secretary of Defense required to meet current withdrawals. Such investments shall be in public debt securities with maturities suitable to the needs of the Fund, as determined by the Secretary of Defense, and bearing interest at rates determined by the Secretary of the Treasury, taking into consideration current market yields on outstanding marketable obligations of the United States of comparable maturities. The income on such investments shall be credited to and form a part of the Fund.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.