Title 15 — Commerce and TradeRelease 119-73

§205g Gifts, donations and bequests to Board

Title 15 › Chapter CHAPTER 6— - WEIGHTS AND MEASURES AND STANDARD TIME › Subchapter SUBCHAPTER II— - METRIC CONVERSION › § 205g

Last updated Apr 6, 2026|Official source

Summary

The Board can take donations of money, property, or services to help its work. Money gifts and money from selling donated items must go into a separate Treasury fund, and the Board decides how that money is spent. If the Board asks, the Treasury Secretary may invest the fund in U.S. government securities and the earnings are spent on the Board’s order. If the Board stops existing, any money left must go back to the U.S. Treasury on that date under section 205d(d).

Full Legal Text

Title 15, §205g

Commerce and Trade — Source: USLM XML via OLRC

(a)The Board may accept, hold, administer, and utilize gifts, donations, and bequests of property, both real and personal, and personal services, for the purpose of aiding or facilitating the work of the Board. Gifts and bequests of money, and the proceeds from the sale of any other property received as gifts or requests, shall be deposited in the Treasury in a separate fund and shall be disbursed upon order of the Board.

(b)For purpose of Federal income, estate, and gift taxation, property accepted under subsection (a) of this section shall be considered as a gift or bequest to or for the use of the United States.

(c)Upon the request of the Board, the Secretary of the Treasury may invest and reinvest, in securities of the United States, any moneys contained in the fund authorized in subsection (a) of this section. Income accruing from such securities, and from any other property accepted to the credit of such fund, shall be dispersed upon the order of the Board.

(d)Funds not expended by the Board as of the date when it ceases to exist, in accordance with section 205d(d) of this title, shall revert to the Treasury of the United States as of such date.

Reference

Citations & Metadata

Citation

15 U.S.C. § 205g

Title 15 — Commerce and Trade

Last Updated

Apr 6, 2026

Release point: 119-73