§4536 Dairy Research Trust Fund

Summary

The Treasury can create a Dairy Research Trust Fund if the Institute is set up under section 4532 and a dairy products research order under section 4533 is in effect during that fiscal year. Up to $100,000,000 may be put into the Fund or moved there from the Commodity Credit Corporation. The Secretary of the Treasury must invest the Fund in safe places like U.S. government or agency bonds, state or local general obligation bonds, interest-bearing bank accounts or certificates of deposit at Federal Reserve member banks, or obligations fully guaranteed by the United States. Interest, dividends, and other earnings go back into the Fund and are reinvested. Money in the Fund other than the initial $100,000,000 can be used by the board for activities allowed under this subchapter, but only in amounts the Secretary approves.