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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 1772a Gifts; acceptance of conditional gifts; deposit us united_states_code code_section 12 BANKS AND BANKING 14 FEDERAL CREDIT UNIONS 1772a 12 U.S.C. § 1772a current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s1772a data/legal/raw/us/code/title-12/usc12.xml fabcc8cb45794276b896043b19a7cd52afa6a37f68deef3685087b39efc8a9e4 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 08422d87dac1dc6ae5f6d2889ca333c4ec9c297a54dc95b8031eb1985124ff58 2026-07-04 official
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12 U.S.C. § 1772a - Gifts; acceptance of conditional gifts; deposit

Text

The Board is authorized to accept gifts of money made unconditionally by will or otherwise for the carrying out of any of the functions under this chapter. A conditional gift of money made by will or otherwise for such purposes may be accepted and used in accordance with its conditions, but no such gift shall be accepted which is conditioned upon any expenditure not to be met therefrom or from income thereof unless the Board determines that supplementation of such gift from the fees it may expend pursuant to sections 1755 and 1756 of this title or from any funds appropriated pursuant to section 1766(f)(2)(C) of this title for the purpose of making such expenditure will not adversely affect the sound administration of this chapter. Any such gift shall be deposited in the Treasury of the United States for the account of the Administration and may be expended in accordance with section 1755 of this title or as provided in the preceding sentence.

(June 26, 1934, ch. 750, title I, § 127, formerly § 28, as added Pub. L. 90375, § 3, July 5, 1968, 82 Stat. 285; amended Pub. L. 91206, § 2(1), (3), Mar. 10, 1970, 84 Stat. 49; renumbered title I, § 127, Pub. L. 91468, § 1(2), Oct. 19, 1970, 84 Stat. 994; amended Pub. L. 95630, title V, § 502(b), Nov. 10, 1978, 92 Stat. 3681.)

Notes

Editorial Notes

Amendments1978—Pub. L. 95630 substituted “Board” for “Administrator” in two places, and “it may expend” for “he may expend”. 1970—Pub. L. 91206 substituted “Administrator” for “Director” and “Administration” for “Bureau” wherever appearing.

Statutory Notes and Related Subsidiaries

Effective Date of 1978 AmendmentAmendment by Pub. L. 95630 effective on expiration of 120 days after Nov. 10, 1978, and transitional provisions, see section 509 of Pub. L. 95630, set out as a note under section 1752 of this title.