Title 43Public LandsRelease 119-73

§2623 Additional sum from surplus for meeting payments due from insufficient annual receipts; maximum aggregate of decennial payments; covering of excess receipts into general fund of Treasury

Title 43 › Chapter CHAPTER 44— - OREGON AND CALIFORNIA RAILROAD AND COOS BAY WAGON ROAD GRANT LANDS › Subchapter SUBCHAPTER II— - DISPOSITION OF FUNDS › § 2623

Last updated Apr 6, 2026|Official source

Summary

If in a year the counties can't be paid in full from 75% of the receipts, the Secretary of the Treasury may, after the Secretary of the Interior certifies it, use surplus from the prior year's 75% to make the payments. Over any ten-year period starting July 1, 1940, total payments cannot exceed 75% of the receipts in the Coos Bay Wagon Road grant fund, and any unused part at the end of each ten-year period must be transferred to the Treasury's general fund.

Full Legal Text

Title 43, §2623

Public Lands — Source: USLM XML via OLRC

If, during any one year, 75 per centum of the receipts are insufficient fully to meet the payments due the counties hereunder, the Secretary of the Treasury, upon certification by the Secretary of the Interior, may pay an additional sum from any surplus of 75 per centum of prior year receipts: Provided, however, That in no event shall the aggregate of payments during any ten-year period commencing with the period beginning July 1, 1940, exceed 75 per centum of the receipts deposited in the Treasury to the credit of the Coos Bay Wagon Road grant fund for such period: Provided further, That at the end of each ten-year period, any balance of the 75 per centum not required for payments to the counties shall be covered into the general fund of the Treasury of the United States.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification Section was formerly classified to section 1181f–3 of this title prior to editorial reclassification and renumbering as this section.

Reference

Citations & Metadata

Citation

43 U.S.C. § 2623

Title 43Public Lands

Last Updated

Apr 6, 2026

Release point: 119-73