Title 16 — ConservationRelease 119-73
§838j Investment of excess moneys; deposit of moneys
Title 16 › Chapter CHAPTER 12G— - PACIFIC NORTHWEST FEDERAL TRANSMISSION SYSTEM › § 838j
Summary
If the Administrator finds extra money in the fund, he can ask the Secretary of the Treasury to invest it in U.S. government bonds or, with the Secretary’s approval, deposit it in a Federal Reserve bank or other agreed banks.
Full Legal Text
Title 16, §838j
Conservation — Source: USLM XML via OLRC
(a)If the Administrator determines that moneys in the fund are in excess of current needs he may request the investment of such amounts as he deems advisable by the Secretary of the Treasury in direct, general obligations of, or obligations guaranteed as to both principal and interest by, the United States of America.
(b)With the approval of the Secretary of the Treasury, the Administrator may deposit moneys of the fund in any Federal Reserve bank or other depository for funds of the United States of America, or in such other banks and financial institutions and under such terms and conditions as the Administrator and the Secretary of the Treasury may mutually agree.
Reference
Citations & Metadata
Citation
16 U.S.C. § 838j
Title 16 — Conservation
Last Updated
Apr 6, 2026
Release point: 119-73