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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 16 U.S.C. § 838j Investment of excess moneys; deposit of moneys us united_states_code code_section 16 CONSERVATION 12G PACIFIC NORTHWEST FEDERAL TRANSMISSION SYSTEM 838j 16 U.S.C. § 838j current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc16@119-100.zip /us/usc/t16/s838j data/legal/raw/us/code/title-16/usc16.xml 1702700cf3156d64ca00647bef1ab468ef2c09d377d77fc1e3680230d778881c 7be8950da5a93cac7c98e4576ce00340f2aba5e8e46d29915382c203c421d503 345c8dc137fd68458151685e95878601fae5c6ab4fcd2989a7085b3f5a40accd 2026-07-04 official
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16 U.S.C. § 838j - Investment of excess moneys; deposit of moneys

Text

(a) If the Administrator determines that moneys in the fund are in excess of current needs he may request the investment of such amounts as he deems advisable by the Secretary of the Treasury in direct, general obligations of, or obligations guaranteed as to both principal and interest by, the United States of America.

(b) With the approval of the Secretary of the Treasury, the Administrator may deposit moneys of the fund in any Federal Reserve bank or other depository for funds of the United States of America, or in such other banks and financial institutions and under such terms and conditions as the Administrator and the Secretary of the Treasury may mutually agree.

(Pub. L. 93454, § 12, Oct. 18, 1974, 88 Stat. 1380.)