Pub. L. 89-97, tit. I, pt. 1, sec. 108

technical and administrative amendments relating to trust funds

EnactedYear: 1965Length: 596 wordsOfficial source
technical and administrative amendments relating to trust funds Sec. 108. (a) (1) Section 201(a)(3) of the Social Security Act is amended by inserting “(other than sections 3101(b) and 3111(b))” after “chapter 21” each place it appears therein. (2) Section 201(a)(4) of such Act is amended by inserting “(other than section 1401 (b))” after “chapter 2” and after “such subchapter or chapter”. (3) Section 201(g)(1) of such Act is amended to read as follows: “(1) (A) There are authorized to be made available for expenditure, out of any or all of the Trust Funds (which for purposes of this paragraph shall include also the Federal Hospital Insurance Trust Fund and the Federal Supplementary Medical Insurance Trust Fund established by title XVIII), such amounts as the Congress may deem appropriate to pay the costs of the part of the administration of this title and title XVIII for which the Secretary of Health, Education, and Welfare is responsible. During each fiscal year or after the close of such fiscal year (or at both times), (he Secretary of Health, Education, and Welfare shall analyze the costs of administration of this title and title XVIII during the appropriate part or all of such fiscal year in order to determine the port ion of such costs which should be borne by each of the Trust Funds and shall certify to the Managing Trustee the amount, if any, which should be transferred among such Trust Funds in order to assure that each of the Trust Funds bears its proper share of the costs incurred during such fiscal year for the part of the administration of this title and title XVIII for which the Secretary of Health, Education, and Welfare is responsible. The Managing Trustee is authorized and directed to transfer any such amount (determined under the preceding sentence) among such Trust Funds in accordance with any certification so made. “(B) The Managing Trustee is directed to pay from the Trust Funds into the Treasury the amounts estimated by him which will be expended, out of moneys appropriated from the general funds in the Treasury, during each calendar quarter by the Treasury Department for the part of the administration of this title and title XVIII for which the Treasury Department is responsible and for the administration of chapters 2 and 21 of the Internal Revenue Code of 1954. Such payments shall lie covered into the Treasury as repayment to the account for reimbursement of expenses incurred in connection with such administration of this title and title XVIII and chapters 2 and 21 of the Internal Revenue Code of 1954.” (4) Section 201(g)(2) of such Act is amended by inserting after “the amount estimated by him as taxes” the following: “imposed under section 3101(a)”. (5) Section 201(h) of such Act is amended by inserting “(other than section 226)” after “this title”. (b) Section 218(h)(1) of such Act is amended by striking out “Trust. Funds in the ratio in which amounts are appropriated to such Funds pursuant to subsections (a)(3) and (b)(1) of section 201” and inserting in lieu thereof “Trust Funds and the Federal Hospital Insurance Trust Fund in the ratio in which amounts are appropriated to such Funds pursuant to subsection (a)(3) of section 201, subsection (b)(1) of such section, and subsection (a)(1) of section 1817, respectively”. 79 Stat. 339 (c) Section 1106(b) of such Act is amended by striking out “and the Federal Disability Insurance Trust Fund” and inserting in lieu thereof “, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, and the Federal Supplementary Medical Insurance Trust. Fund”.
Pub. L. 89-97, tit. I, pt. 1, sec. 108: technical and administrative amendments relating to trust funds | Justis AI