Page:United States Statutes at Large Volume 114 Part 4.djvu/491

 PUBLIC LAW 106-533—NOV. 22, 2000 114 STAT. 2553 "(b) INVESTMENT.— "(1) IN GENERAL. —It shall be the duty of the Secretary of the Treasury to invest, at the direction of the Director of the Board, such portion of the fund that is not, in the judgment of the Director of the Board, required to meet the current needs of the fund. "(2) AUTHORIZED INVESTMENTS.—Such investments shall be in public debt obligations with maturities suitable to the needs of the fund, as determined by the Director of the Board. Investments in public debt obligations shall bear interest at rates determined by the Secretary of the Treasury taking into consideration the current market yield on outstanding marketable obligations of the United States of comparable maturity. "(c) AUTHORITY TO SELL OBLIGATIONS.— Any obligation acquired by the fund may be sold by the Secretary of the Treasury at the market price. " (d) PROCEEDS FROM CERTAIN TRANSACTIONS CREDITED TO FUND.— The interest on, and the proceeds from the sale or redemption of, any obligations held in the fund shall be credited to and form a part of the fund.". (b) CONFORMING AMENDMENTS.— The Congressional Award Act (2 U.S.C. 801-808) is amended— (1) by inserting after section 1 the following: "TITLE I—CONGRESSIONAL AWARD PROGRAM", (2) by redesignating sections 2 through 9 as sections 101 2 USC 80l-8( through 108, respectively, (3) in section 101 (as so redesignated)— (A) by striking "Act" and inserting "title", and (B) by striking "section 3" and inserting "section 102", (4) in section 102(e) (as so redesignated)— 2 USC 802. (A) by striking "section 5(g)(1)" and inserting "section 104(g)(1)", and

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