20 U.S.C. § 55 (2024)
This is the official text of 20 U.S.C. § 55 (2024), part of Federal (US Code)’s United States Code — the codified general and permanent federal statutes of the United States, organized into more than 50 numbered titles by subject.
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Acceptance of other sums
Official statutory text
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.
(R.S. §5591; Mar. 12, 1894, ch. 36, 28 Stat. 41.)
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.
(R.S. §5591; Mar. 12, 1894, ch. 36, 28 Stat. 41.)
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.
Status: in_force · Read it on the official government site
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