Page:United States Statutes at Large Volume 89.djvu/743

 PUBLIC LAW 94-129—NOV. 13, 1975

89 STAT. 683

Public Law 94-129 94th Congress An Act To amend the Act of March 4, 1927, to authorize the Secretary of Agriculture to accept and administer on behalf of the United States gifts or devises of real and personal property for the benefit of the National Arboretum.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Act of March 4, 1927, is amended to add the following: "SEC. 5. Notwithstanding any other provision of law, the Secretary of Agriculture is authorized to accept, receive, hold, utilize, and administer on behalf of the United States gifts, bequests, or devises of real and personal property made for the benefit of the National Arboretum or for the carrying out of any of its functions. For the purposes of the Federal income, estate, and gift tax laws, property accepted under the authority of this section shall be considered as a gift, bequest, or devise to the United States. Any gift of money accepted pursuant to the authority granted in this section, or the net proceeds from the liquidation of any property so accepted, or the proceeds of any insurance on any gilt property not used for its restoration shall be deposited in the Treasury of the United States for credit to a separate fund and shall be disbursed upon order of the Secretary of Agriculture.". Approved November 13, 1975.

LEGISLATIVE HISTORY: HOUSE REPORT No. 94-614 (Comm. on Agriculture). SENATE REPORT No. 94-324 (Comm. on Agriculture and Forestry). CONGRESSIONAL RECORD, Vol. 121 (1975): July 25, considered and passed Senate. Nov. 4, considered and passed House.

Nov. 13, 1975 r« ifiAQl I'" ^"*^J

National Arboretum, gifts, bequests or oo^j^cr- loi £0 USC 195.

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