22 U.S.C. § 276bb: Acceptance of funds and…

Summary

The board may take money or property from Mrs. Kermit Roosevelt and put it into the U.S. Treasury as the Kermit Roosevelt Fund. The money is to be used to build closer ties between U.S. and U.K. military forces by paying for lectures or courses given by British officers at the United States Military Academy and elsewhere in the U.S., and by U.S. officers at Sandhurst Royal Military College and elsewhere in the U.K. If those exchanges can’t happen or aren’t needed, the board, with the Secretary of the Army’s OK, may use the funds other ways that serve the same goal. The board may spend the original gift and any income as it chooses to further that purpose. The fund may be invested and reinvested as allowed under section 276cc.

Title 22, §276bb

Foreign Relations and Intercourse, Source: USLM XML via OLRC

The board is authorized to accept from Mrs. Kermit Roosevelt such money and property as she may tender, to receipt therefor on behalf of the United States, and to deposit the funds so received in the Treasury of the United States as the original corpus of a trust fund, to be known as the Kermit Roosevelt fund, which shall be used for the purpose of fostering a better understanding and a closer relationship between the military forces of the United States and those of the United Kingdom by sponsoring lectures or courses of instruction to be delivered by officers of the British Army at the United States Military Academy and elsewhere in the United States and by officers of the United States Army at Sandhurst Royal Military College and elsewhere in the United Kingdom or, should such exchange lectures prove or become impracticable or unnecessary for any reason, by such other application of the funds as the board, with the approval of the Secretary of the Army may determine. The original corpus of the fund and the income therefrom may be disbursed at the discretion of the board in furtherance of the stated purpose, and shall be subject to investment and reinvestment as provided in section 276cc of this title.

Notes & Related Subsidiaries

Editorial Notes

Codification Section was formerly classified to section 225 of Title 5 prior to the general revision and enactment of Title 5, Government Organization and Employees, by Pub. L. 89–554, § 1, Sept. 6, 1966, 80 Stat. 378.

Statutory Notes and Related Subsidiaries

Change of Name

Department of War designated Department of the Army and title of Secretary of War changed to Secretary of the Army by section 205(a) of act

July 26, 1947, ch. 343, title II, 61 Stat. 501. section 205(a) of act

July 26, 1947, was repealed by section 53 of act Aug. 10, 1956, ch. 1041, 70A Stat. 641. section 1 of act Aug. 10, 1956, enacted “Title 10, Armed Forces” which in sections 3010 to 3013 continued Department of the Army under administrative supervision of Secretary of the Army.

§276bb Acceptance of Funds and Property From Mrs. Kermit Roosevelt; Purpose and Use; Disbursement and Investment of Fund