Title 43, Public LandsRelease 119-102
§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 44 — OREGON AND CALIFORNIA RAILROAD AND COOS BAY WAGON ROAD GRANT LANDS › SUBCHAPTER II — DISPOSITION OF FUNDS › § 2623
Summary
If 75% of a year's receipts are not enough to pay the counties, the Treasury Secretary may use a prior‑year surplus of that 75% after the Interior Secretary certifies the shortage. For any ten‑year period starting July 1, 1940, payments cannot exceed 75% of Coos Bay Wagon Road fund receipts, and any unused part of that 75% at the period's end must go to the general Treasury 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 43, Public Lands
Last Updated
Aug 21, 2026
Release point: 119-102