{"identifier":"/us/usc/t20/s74a","title_num":"20","num":"§ 74a.","heading":"Permanent loan of funds by Board of Trustees to Treasury; semiannual interest payments to Board","status":null,"guid":"idcf8a0f38-4aa6-11eb-afbc-da62fdf49fd5","source_credit":"(Apr. 10, 1943, ch. 46, 57 Stat. 62; Pub. L. 94–418, Sept. 21, 1976, 90 Stat. 1278.)","seq_in_title":56,"parent_identifier":"/us/usc/t20/ch3/schII","ancestors":[{"identifier":"/us/usc/t20","level":"title","num":"Title 20—","heading":"EDUCATION","status":null,"is_section":false},{"identifier":"/us/usc/t20/ch3","level":"chapter","num":"CHAPTER 3—","heading":"SMITHSONIAN INSTITUTION, NATIONAL MUSEUMS AND ART GALLERIES","status":null,"is_section":false},{"identifier":"/us/usc/t20/ch3/schII","level":"subchapter","num":"SUBCHAPTER II—","heading":"NATIONAL GALLERY OF ART","status":null,"is_section":false}],"xml":"<section xmlns=\"http://xml.house.gov/schemas/uslm/1.0\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\" xmlns:dc=\"http://purl.org/dc/elements/1.1/\" xmlns:dcterms=\"http://purl.org/dc/terms/\" style=\"-uslm-lc:I80\" id=\"id1761ac1f-3bf5-11e3-9cf7-d9dfc415792d\" identifier=\"/us/usc/t20/s74a\"><num value=\"74a\">§ 74a.</num><heading> Permanent loan of funds by Board of Trustees to Treasury; semiannual interest payments to Board</heading><content>\n<p style=\"-uslm-lc:I11\" class=\"indent0\">The Secretary of the Treasury is authorized and directed to receive into the Treasury from time to time as a permanent loan by the Board of Trustees of the National Gallery of Art to the United States sums in cash of not to exceed $5,000,000 in the aggregate, and to pay interest on the principal amount of such loan at a rate which is the higher of the rate of 4 per centum per annum or a rate which is .25 percentage points less than a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding long-term marketable obligations of the United States, adjusted to the nearest one-eighth of 1 per centum, payable semiannually. Such interest is permanently appropriated for payment to the Board of Trustees of the National Gallery of Art.</p>\n</content><sourceCredit id=\"id1761ac20-3bf5-11e3-9cf7-d9dfc415792d\">(<ref href=\"/us/act/1943-04-10/ch46\">Apr. 10, 1943, ch. 46</ref>, <ref href=\"/us/stat/57/62\">57 Stat. 62</ref>; <ref href=\"/us/pl/94/418\">Pub. L. 94–418</ref>, <date date=\"1976-09-21\">Sept. 21, 1976</date>, <ref href=\"/us/stat/90/1278\">90 Stat. 1278</ref>.)</sourceCredit>\n<notes type=\"uscNote\" id=\"id1761ac21-3bf5-11e3-9cf7-d9dfc415792d\">\n<note style=\"-uslm-lc:I76\" topic=\"codification\" id=\"id1761ac22-3bf5-11e3-9cf7-d9dfc415792d\"><heading class=\"centered smallCaps\">Codification</heading>\n<p style=\"-uslm-lc:I21\" class=\"indent0\">Section was not enacted as part of <ref href=\"/us/act/1937-03-24/ch50\">act Mar. 24, 1937, ch. 50</ref>, <ref href=\"/us/stat/50/51\">50 Stat. 51</ref>, which comprises this subchapter.</p>\n</note>\n<note style=\"-uslm-lc:I74\" topic=\"amendments\" id=\"id1761ac23-3bf5-11e3-9cf7-d9dfc415792d\"><heading class=\"centered smallCaps\">Amendments</heading><p style=\"-uslm-lc:I21\" class=\"indent0\">1976—<ref href=\"/us/pl/94/418\">Pub. L. 94–418</ref> inserted provision authorizing alternate interest rate to existing interest rate of 4 per centum per annum.</p>\n</note>\n</notes>\n</section>","provision":null,"duplicates":[],"release":{"label":"116-252","currency_date":"2020-12-22","congress":116,"law_num":252,"excluded_laws":[],"update_num":null,"seq":222,"is_partial":false,"caveat":null,"titles_affected":["18","20","31","34","40","42"],"ingested_titles":[]},"served_from":{"label":"116-252","currency_date":"2020-12-22","congress":116,"law_num":252,"excluded_laws":[],"update_num":null,"seq":222,"is_partial":false,"caveat":null,"titles_affected":["18","20","31","34","40","42"],"ingested_titles":[]},"content_first_seen":{"label":"113-46","currency_date":"2013-10-17","congress":113,"law_num":46,"excluded_laws":[],"update_num":null,"seq":5,"is_partial":false,"caveat":null,"titles_affected":["02","06","20","22","31","42","49","50"],"ingested_titles":[]},"is_exact":true,"note":null}