Title 15 — Commerce and TradeRelease 119-73
§1522 Acceptance of gifts and bequests for purposes of the Department; separate fund; disbursements
Title 15 › Chapter CHAPTER 40— - DEPARTMENT OF COMMERCE › § 1522
Summary
The Secretary of Commerce may accept real or personal property gifts to support the Department. Money and sale proceeds go into a separate Treasury fund and may be spent only by the Secretary, following the donor’s terms closely.
Full Legal Text
Title 15, §1522
Commerce and Trade — Source: USLM XML via OLRC
The Secretary of Commerce is hereby authorized to accept, hold, administer, and utilize gifts and bequests of property, both real and personal, for the purpose of aiding or facilitating the work of the Department of Commerce. Gifts and bequests of money and the proceeds from sales of other property received as gifts or bequests shall be deposited in the Treasury in a separate fund and shall be disbursed upon order of the Secretary of Commerce. Property accepted pursuant to this provision, and the proceeds thereof, shall be used as nearly as possible in accordance with the terms of the gift or bequest.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was formerly classified to section 608a of Title 5 prior to the general revision and enactment of Title 5, Government Organization and Employees, by Pub. L. 89–554, § 1, Sept. 6, 1966, 80 Stat. 378.
Statutory Notes and Related Subsidiaries
Transfer of Funds Pub. L. 88–611, § 4(b), Oct. 2, 1964, 78 Stat. 991, provided that: “All gifts and bequests received under the provisions of law repealed by subsection (a) of this section [which repealed section 278a of this title, section 883g of Title 33, Navigation and Navigable Waters, and section 1126(g) of former Title 46, Shipping] and all funds held on the date of enactment of this Act [Oct. 2, 1964] in the United States Merchant Marine Academy general gift fund, established by subsection (g) of section 216 of the Merchant Marine Act, 1936 [section 1126(g) of former Title 46], shall be transferred to the fund authorized by this Act [sections 1522 to 1524 of this title] and shall be administered in accordance with the provisions of this Act [sections 1522 to 1524 of this title].”
Reference
Citations & Metadata
Citation
15 U.S.C. § 1522
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73