Us Code § 55 - Acceptance of other sums
Full text of Us Code United States Code § 55 — Acceptance of other sums, with citation guidance and answers to common questions.
§ 55. Acceptance of other sums
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.
(R.S. §5591; Mar. 12, 1894, ch. 36, 28 Stat. 41.)
Editorial Notes
Codification
R.S. §5591 derived from act Feb. 5, 1867, ch. 34, §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.
About This Section
20 U.S.C. § 55 is part of Title 20 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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