Hospitals & Asylums
Chapter 2 Soldiers’ and Airmen’s Home
§46 Deposit of funds; interest; principal
All funds of the home not needed for current use, and not on March 3, 1883, invested in United States registered bonds, shall, as soon as received, or as soon as investments of that date can be converted into money without loss, be deposited in the Treasury of the United States to the credit of the home, as a permanent fund, and shall draw interest at the rate of 3 per centum per annum, which shall be paid quarterly to the treasurer of the home, and the proceeds of such registered bonds, as they are paid, shall be deposited in like manner. No part of the principal sum so deposited shall be withdrawn for use except upon a resolution of the board of commissioners stating the necessity and approved by the Secretary of the Army.
(Mar. 3, 1883, ch. 130, §8, 22 Stat. 565; July 26, 1947, ch. 343, title II, §205(a), 61 Stat. 501; Dec. 15, 1973, Pub. L. 93–185, 87 Stat. 712; Repealed. Pub. L. 101–510, div. A, title XV, §1541(a), Nov. 5, 1990, 104 Stat. 1733; eff. Nov. 5 1991)