20 U.S.C. § 80g-1 : US Code - Section 80G-1: Hubert H. Humphrey Fellowship in Social and Political Thought

Search 20 U.S.C. § 80g-1 : US Code - Section 80G-1: Hubert H. Humphrey Fellowship in Social and Political Thought

(a) Establishment in Center
There is hereby established in the Center a Hubert H. Humphrey
Fellowship in Social and Political Thought.
(b) Selection of Humphrey Fellow; term; compensation
Each year the Board shall select a distinguished scholar,
statesman, or cultural figure, from the United States or abroad, to
serve at the Center for a period of up to one year as the Hubert H.
Humphrey Fellow in Social and Political Thought (hereinafter in
this section referred to as the "Humphrey Fellow"). Each Humphrey
Fellow shall receive compensation in an amount, determined by the
Board, not to exceed the annual income of the trust fund
established under subsection (d) of this section.
(c) Functions of Humphrey Fellow; publication and dissemination by
Board of Memorial Lectures
Each Humphrey Fellow shall -
(1) deliver a Hubert H. Humphrey Memorial Lecture; and
(2) carry out such projects and work as are consistent with the
Humphrey Fellowship.
The Board shall provide for the publication and dissemination of
the Hubert H. Humphrey Memorial Lectures.
(d) Hubert H. Humphrey Fellowship Trust Fund; establishment,
composition, investments, etc.
(1) There is hereby established in the Treasury of the United
States a trust fund to be known as the Hubert H. Humphrey
Fellowship Trust Fund (hereinafter in this section referred to as
the "fund"). The Secretary of the Treasury shall deposit in the
fund such sums as may be appropriated to the fund under subsection
(f) of this section and shall receive into the Treasury and deposit
into the fund such sums as may be received as contributions to the
fund.
(2) The Secretary of the Treasury shall invest amounts in the
fund in public debt securities with maturities suitable for the
needs of the fund and bearing interest at prevailing market rates;
and the interest on such investments shall be credited to and form
a part of the fund.
(3) Notwithstanding section 80g(a)(2) of this title any gift,
bequest, or devise of money, securities or other property for the
benefit of the Hubert H. Humphrey Fellowship in Social and
Political Thought received by the Board shall, upon receipt, be
deposited into the fund as provided by paragraph (1).
(e) Payments to Board from investments for implementation of
Fellowship purposes
The Secretary of the Treasury shall pay to the Board from amounts
received as interest on investments under subsection (d)(2) of this
section such sums as the Board determines are necessary and
appropriate for the purposes of the Humphrey Fellowship.
(f) Authorization of appropriations
There is authorized to be appropriated to the fund for the fiscal
year beginning October 1, 1978, $1,000,000.