Title 20 — EducationRelease 119-73not60
§55 Acceptance of Other Sums
Title 20 › Chapter 3— SMITHSONIAN INSTITUTION, NATIONAL MUSEUMS AND ART GALLERIES › Subchapter I— CHARTER PROVISIONS › § 55
Summary
Treasury must accept deposits the Smithsonian’s Regents send under the same rules as James Smithson’s gift, so the combined total cannot exceed $1,000,000, and this does not stop the Smithsonian from accepting other gifts.
Full Legal Text
Title 20, §55
Education — Source: USLM XML via OLRC
The Secretary of the Treasury is authorized and directed to receive into the Treasury, on the same terms as the original bequest of James Smithson, such sums as the Regents may, from time to time, see fit to deposit, not exceeding, with the original bequest, the sum of $1,000,000. This shall not operate as a limitation on the power of the Smithsonian Institution to receive money or other property by gift, bequest, or devise, and to hold and dispose of the same in promotion of the purposes thereof.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification R.S. § 5591 derived from act Feb. 5, 1867, ch. 34, § 1, 14 Stat. 391.
Amendments
1894—Act Mar. 12, 1894, made limitation on deposits into the Treasury inapplicable to receipt of gifts, bequests and devises and dispositions of money or other property.
Reference
Citations & Metadata
Citation
20 U.S.C. § 55
Title 20 — Education
Last Updated
Apr 5, 2026
Release point: 119-73not60