Title 17 — CopyrightsRelease 119-73
§1005 Deposit of royalty payments and deduction of expenses
Title 17 › Chapter CHAPTER 10— - DIGITAL AUDIO RECORDING DEVICES AND MEDIA › Subchapter SUBCHAPTER C— - ROYALTY PAYMENTS › § 1005
Summary
The Register must collect royalties, deduct reasonable Office costs, and deposit the balance in the U.S. Treasury, which will invest the funds in U.S. securities under section 1007. After 4 years the Register may close a year’s account and move leftovers to the next year.
Full Legal Text
Title 17, §1005
Copyrights — Source: USLM XML via OLRC
The Register of Copyrights shall receive all royalty payments deposited under this chapter and, after deducting the reasonable costs incurred by the Copyright Office under this chapter, shall deposit the balance in the Treasury of the United States as offsetting receipts, in such manner as the Secretary of the Treasury directs. All funds held by the Secretary of the Treasury shall be invested in interest-bearing United States securities for later distribution with interest under section 1007. The Register may, in the Register’s discretion, 4 years after the close of any calendar year, close out the royalty payments account for that calendar year, and may treat any funds remaining in such account and any subsequent deposits that would otherwise be attributable to that calendar year as attributable to the succeeding calendar year.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1993—Pub. L. 103–198 struck out at end “The Register shall submit to the Copyright Royalty Tribunal, on a monthly basis, a financial statement reporting the amount of royalties under this chapter that are available for distribution.”
Reference
Citations & Metadata
Citation
17 U.S.C. § 1005
Title 17 — Copyrights
Last Updated
Apr 6, 2026
Release point: 119-73