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12 U.S.C. § 1772a

Gifts; acceptance of conditional gifts; deposit

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 1772a, Gifts; acceptance of conditional gifts; deposit, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437952
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Full text

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.

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. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.

  • Amended byPub. L. 95-630(H.R. 14279)1978-11-10
    Financial Institutions Regulatory and Interest Rate Control Act of 1978
    House: no recorded tallySenate: no recorded tally