PRIA Logo™
Title 44 — Public Printing and DocumentsRelease 119-73not60

§2306 Investment of Funds

Title 44 › Chapter 23— NATIONAL ARCHIVES TRUST FUND BOARD › § 2306

Last updated Apr 5, 2026|Official source

Summary

The Secretary of the Treasury must accept and give a receipt for money or securities given to the Board and must invest, reinvest, or hold them as the Board tells him to. The Board may not use those trust funds to run a business or to exercise voting rights tied to the securities. The Secretary may not make investments for the Board that a trust company in the District of Columbia could not legally make, unless the gift itself specifically allows it. The Board may keep investments it was given.

Full Legal Text

Title 44, §2306

Public Printing and Documents — Source: USLM XML via OLRC

The Secretary of the Treasury shall receipt for moneys or securities composing trust funds given or bequeathed to the Board and shall invest, reinvest, and retain the moneys or securities as the Board from time to time determines. The Board may not engage in business or exercise a voting privilege which may be incidental to securities in such trust funds, nor may the Secretary of the Treasury make investments for the account of the Board which could not lawfully be made by a trust company in the District of Columbia, unless directly authorized by the instrument of gift or bequest under which the funds to be invested are derived, and may retain investments accepted by the Board.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Based on 44 U.S. Code, 1964 ed., § 300dd (July 9, 1941, ch. 284, § 4, 55 Stat. 581).

Reference

Citations & Metadata

Citation

44 U.S.C. § 2306

Title 44 — Public Printing and Documents

Last Updated

Apr 5, 2026

Release point: 119-73not60