Pub. L. 117-328, div. G, tit. IV, sec. 441

forest service interest bearing account

EnactedYear: 2022Length: 215 wordsOfficial source
forest service interest bearing accountSec. 441. (a) Investment Authority.—Any monies covered into the Treasury under section 7 of the Act of June 20, 1958 (Public Law 85–464; 16 U.S.C. 579c), including all monies that were previously collected by the United States in a forfeiture, judgment, compromise, or settlement, shall be invested by the Secretary of the Treasury in interest bearing obligations of the United States to the extent the amounts are not, in the judgment of the Secretary of the Treasury, required to meet current withdrawals. (b) Availability of Funds.—Any interest earned under subsection (a) shall be available in the same manner as the monies covered into the Treasury under section 7 of the Act of June 20, 1958 (Public Law 85–464; 16 U.S.C. 579c) to cover the costs to the United States specified in section 7 of that Act. (c) Use of Funds.—Any portion of the monies received or earned under subsection (a) in excess of the amount expended in performing the work necessitated by the action which led to their receipt may be used to cover the other work specified in section 7 of the Act of June 20, 1958 (Public Law 85–464; 16 U.S.C. 579c). (d) Effective Date.—This section shall apply with respect to fiscal year 2023 and each succeeding fiscal year.
Pub. L. 117-328, div. G, tit. IV, sec. 441: forest service interest bearing account | Justis AI