20 USC 9106 - Sec. 9106. Contributions

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


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Text:

The Institute is authorized to solicit, accept, receive, and invest in the name of the United States, gifts, bequests, or devises of money and other property or services and to use such property or services in furtherance of the functions of the Institute.

Any proceeds from such gifts, bequests, or devises, after acceptance by the Institute, shall be paid by the donor or the representative of the donor to the Director.

The Director shall enter the proceeds in a special-interest bearing account to the credit of the Institute for the purposes specified in each case.


Amendments

2003 - Pub. L. 108-81, Sec. 504(e), which directed substitution of "property or services" for "property of services", could not be executed because the words "property or services" did not appear in text.