20 USC 55 - Sec. 55. Acceptance of other sums

20 USC - U.S. Code - Title 20: Education (January 2004)


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Text:

The Secretary of the Treasury is authorized and directed to receive into the Treasury, on the same terms as the original bequest of James Smithson, such sums as the Regents may, from time to time, see fit to deposit, not exceeding, with the original bequest, the sum of $1,000,000. This shall not operate as a limitation on the power of the Smithsonian Institution to receive money or other property by gift, bequest, or devise, and to hold and dispose of the same in promotion of the purposes thereof.


Codification

R.S. Sec. 5591 derived from act Feb. 5, 1867, ch. 34, Sec. 1, 14 Stat. 391.

Amendments

1894 - Act Mar. 12, 1894, made limitation on deposits into the Treasury inapplicable to receipt of gifts, bequests and devises and dispositions of money or other property.

Section Referred To In Other Sections

This section is referred to in sections 57, 67 of this title.

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