15 U.S.C. § 1522
Acceptance of gifts and bequests for purposes of the Department; separate fund; disbursements
United States · Title 15 — COMMERCE AND TRADE · Status: effective
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- Citation
- 15 U.S.C. § 1522, Acceptance of gifts and bequests for purposes of the Department; separate fund; disbursements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/441127
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Full text
The Secretary of Commerce is hereby authorized to accept, hold, administer, and utilize gifts and bequests of property, both real and personal, for the purpose of aiding or facilitating the work of the Department of Commerce. Gifts and bequests of money and the proceeds from sales of other property received as gifts or bequests shall be deposited in the Treasury in a separate fund and shall be disbursed upon order of the Secretary of Commerce. Property accepted pursuant to this provision, and the proceeds thereof, shall be used as nearly as possible in accordance with the terms of the gift or bequest.
Legislative history
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