20 U.S.C. § 5606 : US Code - Section 5606: Establishment of Morris K. Udall Scholarship and Excellence in National Environmental Policy Trust Fund

Search 20 U.S.C. § 5606 : US Code - Section 5606: Establishment of Morris K. Udall Scholarship and Excellence in National Environmental Policy Trust Fund

(a) Establishment of Trust Fund
There is established in the Treasury of the United States a trust
fund to be known as the "Morris K. Udall Scholarship and Excellence
in National Environmental Policy Trust Fund" to be administered by
a Foundation. The Trust Fund shall consist of amounts appropriated
to it pursuant to section 5609(a) of this title and amounts
credited to it under subsection (b) of this section.
(b) Investment of Trust Fund assets
(1) (!1) In general. - It shall be the duty of the Secretary of
the Treasury to invest, at the direction of the Foundation Board,
in full the amounts appropriated to the Trust Fund. Such
investments shall be in public debt securities with maturities
suitable to the needs of the Trust Fund. Investments in public debt
securities shall bear interest "at rates determined by the
Secretary of the Treasury taking into consideration the current
average market yield on outstanding marketable obligations of the
United States" of comparable maturity.