§57 — Title 20 Education | U.S. Code

Summary

When money is needed to pay debts, fulfill contracts, or make purchases allowed under the law, the Board of Regents or its executive committee can tell the chancellor and secretary how much is required. The chancellor and secretary review the request and, if they approve it, send it to the Treasury to be paid. The board must give Congress, at each session, a report on the institution’s operations, expenditures, and overall condition.

Title 20, §57

Education — Source: USLM XML via OLRC

Whenever money is required for the payment of the debts or performance of the contracts of the institution, incurred or entered into in conformity with the provisions of sections 41 to 46, 48, 50, 51 to 53, 54 to 57, and 67 of this title, or for making the purchases and executing the objects authorized by said sections, the Board of Regents, or the executive committee thereof, may certify to the chancellor and secretary of the board that such sum of money is required, whereupon they shall examine the same, and, if they shall approve thereof, shall certify the same to the proper officer of the Treasury for payment. The board shall submit to Congress, at each session thereof, a report of the operations, expenditures, and condition of the institution.

Notes & Related Subsidiaries

Editorial Notes

Codification R.S. § 5593 derived from act Aug. 10, 1846, ch. 178, § 3, 9 Stat. 103.

Statutory Notes and Related Subsidiaries

Termination of Reporting RequirementsFor termination, effective May 15, 2000, of provisions in this section relating to submitting a report to Congress at each session of Congress, see section 3003 of Pub. L. 104–66, as amended, set out as a note under section 1113 of Title 31, Money and Finance, and page 192 of House Document No. 103–7.

§57 Disbursements

Summary

Title 20, §57

Notes & Related Subsidiaries

Editorial Notes

Statutory Notes and Related Subsidiaries

Citations & Metadata