Page:United States Statutes at Large Volume 100 Part 5.djvu/380

 100 STAT. 3854

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Securities. -' "

Regulations.

PUBLIC LAW 99-661—NOV. 14, 1986

expenses in connection with the acceptance of a gift under this subsection. "(b) There is established in the Treasury a fund to be known as the 'Department of Defense Dependents' Education Gift Fund'. Gifts of money, and the proceeds of the sale of property, received under subsection (a) shall be deposited in the fund. The Secretary may disburse funds deposited under this subsection for the benefit or use of the defense dependent's education system, subject to the terms of the gift. "(c) Subsection (c) of section 2601 of this title applies to property that is accepted under subsection (a) in the same manner that such subsection applies to property that is accepted under subsection (a) of that section. "(d)(1) Upon request of the Secretary of Defense, the Secretary of the Treasury may— "(A) retain money, securities, and the proceeds of the sale of securities, in the Department of Defense Dependents' Education ' Gift Fund; and "(B) invest money and reinvest the proceeds of the sale of < securities in that fund in securities of the United States or in securities guaranteed as to principal and interest by the United States. " "(2) The interest and profits accruing from those securities shall be deposited to the credit of the fund and may be disbursed as provided in subsection (b). "(e) In this section, the term 'gift' includes a devise of real property or a bequest of personal property. "(f) The Secretary of Defense shall prescribe regulations to carry out this section.". (b) CLERICAL AMENDMENT.—The table of sections at the beginning of such chapter is amended by adding at the end the following new item: "2605. Acceptance of gifts for defense dependents' education system.".

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SEC. 315. RENOVATION OF FACILITIES

(a) IN GENERAL.—Chapter 169 of title 10, United States Code, is amended by adding at the end of subchapter I the following new section: ^ .^^^.,_*; 10 USC 2810.

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"§ 2810. Renovation of facilities "(a) The Secretary concerned may carry out renovation projects that combine maintenance, repair, and minor construction projects for an entire single-purpose facility, or one or more functional areas of a multipurpose facility, using funds available for operations and maintenance. "(b) The amount obligated on such a renovation project may not exceed the maximum amount specified by law for a minor construction project under section 2805 of this title. "(c) Construction of new facilities or additions to existing facilities may not be carried out under the authority of this section.". (b) CLERICAL AMENDMENT.—The table of sections at the beginning of such subchapter is amended by adding at the end the following new item: "2810. Renovation of facilities.".

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