§ 160. — Disbursement of gifts, etc., to Library.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 2USC160]
TITLE 2--THE CONGRESS
CHAPTER 5--LIBRARY OF CONGRESS
Sec. 160. Disbursement of gifts, etc., to Library
Nothing in sections 154 to 162 and 163 \1\ of this title shall be
construed as prohibiting or restricting the Librarian of Congress from
accepting in the name of the United States gifts or bequests of money
for immediate disbursement in the interest of the Library, its
collections, or its service. Such gifts or bequests, after acceptance by
the librarian, shall be paid by the donor or his representative to the
Treasurer of the United States, whose receipts shall be their
acquittance. The Treasurer of the United States shall enter them in a
special account to the credit of the Library of Congress and subject to
disbursement by the librarian for the purposes in each case specified.
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\1\ See References in Text note below.
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Upon agreement by the Librarian of Congress and the Board, a gift or
bequest accepted by the Librarian under the first paragraph of this
section may be invested or reinvested in the same manner as provided for
trust funds under section 157 of this title.
(Mar. 3, 1925, ch. 423, Sec. 4, 43 Stat. 1108; Pub. L. 105-55, title II,
Sec. 208, Oct. 7, 1997, 111 Stat. 1194.)
References in Text
Section 163 of this title, referred to in text, was omitted from the
Code.
Amendments
1997--Pub. L. 105-55 added second par.
