The Director may, with the approval of the Secretary of the Treasury, invest from time to time in interest-bearing securities of the United States such portions of the fund as in the Director’s judgment may not be immediately required for the payment of annuities, cash benefits, refunds, and allowances from the fund. The income derived from such investments shall be credited to and constitute a part of the fund.
Pub. L. 88–643, title II, § 262Pub. L. 102–496, title VIII, § 802106 Stat. 3235 (, as added , , .)
Editorial Notes
Prior Provisions
section 262 of Pub. L. 88–64378 Stat. 1052 section 403 of this titlePub. L. 88–643section 802 of Pub. L. 102–496A prior , title II, , , related to investment of moneys in the fund and was set out as a note under prior to the general amendment of by .
Statutory Notes and Related Subsidiaries
Effective Date
section 805 of Pub. L. 102–496section 2001 of this titleSection effective on first day of fourth month beginning after , see , set out as a note under .