Pub. L. 90-553, sec. 5 (as amended)

Pub. L. 90-553, sec. 5 (as amended)

Year: 2008Length: 234 wordsOfficial source
Sec. 5. There is hereby authorized to be appropriated, without fiscal year limitation, not to exceed $2,200,000 to carry out the purposes of section 5 of this Act: Provided, That such sums as may be appropriated hereunder shall be reimbursed to the Treasury from proceeds of the sale, exchange, or lease of property to foreign governments and international organizations as provided for in the first section of this Act. All proceeds received from such sales, exchanges, or leases shall, notwithstanding the provisions of section 3617 of the Revised Statutes (31 U.S.C. 484) or any other law, be paid into a special account with the Treasurer of the United States, such account to be administered by the Secretary of State for the purposes set out in section 5 of this Act. All sums remaining in such special account after completion of the projects authorized in section 5 shall be covered into the Treasury as miscellaneous receipts. The Secretary may retain therefrom a reserve for maintenance and security of those public improvements authorized by this Act which have not been conveyed to a government or international organization under the first section of this Act, and for surveys and plans related to development of additional areas within the Nation's Capital for chancery and diplomatic purposes. Amounts in the reserve will be available only to the extent and in such amounts as provided in advance in appropriations Acts.
Pub. L. 90-553, sec. 5 (as amended) | Justis AI