20 U.S.C. § 4510
James Madison Memorial Fellowship Trust Fund
United States · Title 20 — EDUCATION · Status: effective
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- Citation
- 20 U.S.C. § 4510, James Madison Memorial Fellowship Trust Fund, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/453153
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Full text
There shall be established in the Treasury of the United States a trust fund consisting of appropriations and amounts contributed by the Foundation for the Commemoration of the Constitution and other private sources to be available, in accordance with the provisions of this chapter, to carry out the provisions of this chapter.
At the request of the Trust Fund, the Secretary of the Treasury shall redeem any obligation issued directly to the fund. Obligations issued to the fund under subsection (b)(2) shall be redeemed at par plus accrued interest. Any other obligations issued directly to the fund shall be redeemed at the market price.
The interest on, and the proceeds from, the sale or redemption of any obligations held in the fund 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.
- A joint resolution making continuing appropriations for the fiscal year 1987, and for other purposes.House: no recorded tallySenate: no recorded tally
- To improve the operational efficiency of the James Madison Memorial Fellowship Foundation, and for other purposes.House: no recorded tallySenate: no recorded tally
- Consolidated Appropriations Resolution, 2003