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.

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 United States 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 yield on outstanding marketable obligations of the United States of comparable maturities.

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Documents

4 official files

• Public Law (PDF)

  Public Law · EN · 23 June 1982

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• Passed House amended

  summary · EN · 10 May 1982

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 6 May 1982

  Open at official source

• Introduced in House

  summary · EN · 21 April 1982

  Open at official source

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