Unconditional and conditional gifts
The Secretary of State may accept on behalf of the United States gifts made unconditionally by will or otherwise for the benefit of the Department of State (including the Foreign Service) or for the carrying out of any of its functions. Conditional gifts may be so accepted at the discretion of the Secretary, and the principal of and income from any such conditional gift shall be held, invested, reinvested, and used in accordance with its conditions, except that no gift shall be accepted which is conditioned upon any expenditure which will not be met by the gift or the income from the gift unless such expenditure has been approved by Act of Congress.
Disposition
Any unconditional gift of money accepted under subsection (a), the income from any gift property held under subsection (c) or (d) (except income made available for expenditure under subsection (d)(2)), the net proceeds from the liquidation of gift property under subsection (c) or (d), and the proceeds of insurance on any gift property which are not used for its restoration, shall be deposited in the Treasury of the United States. Such funds are hereby appropriated and shall be held in trust by the Secretary of the Treasury for the benefit of the Department of State (including the Foreign Service). The Secretary of the Treasury may invest and reinvest such funds in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. Such funds and the income from such investments shall be available for expenditure in the operation of the Department of State (including the Foreign Service) and the performance of its functions, subject to the same examination and audit as is provided for appropriations made for the Foreign Service by the Congress, but shall not be expended for representational purposes at United States missions except in accordance with the conditions that apply to appropriated funds.
Evidences of unconditional gift of intangible personal property
The evidences of any unconditional gift of intangible personal property (other than money) accepted under subsection (a), shall be deposited with the Secretary of the Treasury who may hold or liquidate them, except that they shall be liquidated upon the request of the Secretary of State whenever necessary to meet payments required in the operation of the Department of State (including the Foreign Service) or the performance of its functions.
Use of real property or tangible personal property received unconditionally
Taxation
For the purpose of Federal income, estate, and gift taxes, any gift, devise, or bequest accepted under this section shall be deemed to be a gift, devise, or bequest to and for the use of the United States.
Availability of statutory authorities to Broadcasting Board and Administrator of AID
The authorities available to the Secretary of State under this section with respect to the Department of State shall be available to the Broadcasting Board of Governors and the Administrator of the Agency for International Development with respect to the Board and the Agency.
Aug. 1, 1956, ch. 841Pub. L. 96–465, title II, § 2201(a)94 Stat. 2153Pub. L. 97–241, title II, § 202(a)96 Stat. 282Pub. L. 100–204, title I, § 125101 Stat. 1341Pub. L. 105–277, div. Gl112 Stat. 2681–789(, title I, § 25, as added , , ; renumbered title I and amended , title III, § 303(b), , , 291; , , ; , subdiv. A, title XIII, § 1335()(2), title XIV, § 1422(b)(3)(A), , , 2681–792.)
Editorial Notes
Amendments
Pub. L. 105–277, § 1422(b)(3)(A)1998—Subsec. (f). , substituted “Administrator of the Agency for International Development” for “Director of the United States International Development Cooperation Agency”.
Pub. L. 105–277, § 1335l()(2), substituted “Broadcasting Board of Governors” for “Director of the United States Information Agency” and “with respect to the Board and the Agency” for “with respect to their respective agencies”.
Pub. L. 100–2041987—Subsec. (b). inserted “, but shall not be expended for representational purposes at United States missions except in accordance with the conditions that apply to appropriated funds” before period at end of last sentence.
Statutory Notes and Related Subsidiaries
Change of Name
section 6204(a)(21) of this titleBroadcasting Board of Governors renamed United States Agency for Global Media pursuant to . The renaming was effectuated by notice to congressional appropriations committees dated , and became effective .
section 303(b) of Pub. L. 97–241section 1461 of this title“Director of the United States Information Agency” substituted for “Director of the International Communication Agency” in subsec. (f), pursuant to , set out as a note under .
Effective Date of 1998 Amendment
lPub. L. 105–277section 1301 of Pub. L. 105–277section 6531 of this titleAmendment by section 1335()(2) of effective , see , set out as an Effective Date note under .
section 1422(b)(3)(A) of Pub. L. 105–277section 1401 of Pub. L. 105–277section 6561 of this titleAmendment by effective , see , set out as an Effective Date note under .
Effective Date
section 2403 of Pub. L. 96–465section 3901 of this titleSection effective , except as otherwise provided, see , set out as a note under .
Official Residence of Secretary of State
Pub. L. 100–204, title I, § 132101 Stat. 1344
Pub. L. 99–93, title I, § 13099 Stat. 420