A bill to amend section 5590 of the Revised Statutes to provide for adjusting the rate of interest paid on funds of the Smithsonian Institution deposited with the Treasury of the United States as a permanent loan.

reportedUnited States· United States Congress· EN

Introduced

15 April 1982

Last action

—

Status

Committee on Rules. Ordered favorably reported H.R.6132 in lieu of this measure.

Summary

Permits the adjustment of interest (currently limited to six percent per annum) paid on funds of the Smithsonian Institution which are deposited with the Treasury for the perpetual maintenance and support of the Smithsonian Institution. Requires investment of such funds in public debt securities with maturities bearing interest at rates which take into consideration the current average market yield on outstanding marketable obligations of the United States of comparable maturities.

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Documents

1 official file

Introduced in Senate
summary · EN · 15 April 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/2391
Open data entity: https://api.congress.gov/v3/bill/97/s/2391