administration of trust funds

administration of trust funds Sec. 1504. All cash balances in the personal funds of patients and the funds due incompetent beneficiaries trust funds administered by the Veterans’ Administration, and all moneys received which are properly for deposit into these funds, may be deposited, respectively, into special deposit accounts with the Treasurer of the United States for credit to the several disbursing officers of the Division of Disbursement, Treasury Department, and such balances and deposits shall thereupon be available for disbursement for properly authorized purposes without covering into the Treasury of the United States and withdrawal on money requisitions. When any balances have been on deposit with the Treasurer of the United States for more than one year and represent moneys belonging to individuals whose whereabouts are unknown, they shall lie transferred and disposed of as directed in the last proviso of subsection (a) of section 20 of the Permanent Appropriation Repeal Act, 1934 (31 U. S. C., sec. 725s).