Page:United States Statutes at Large Volume 92 Part 1.djvu/1119

 PUBLIC LAW 95-442—OCT. 10, 1978

92 STAT. 1065

Public Law 95-442 95th Congress An Act 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 Department of Agriculture or any of its programs.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assermled^ That 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 United States Department of Agriculture 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 Act 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 Act^ or the net proceeds from the liquidation of any property so accepted, or the proceeds of any insurance on any gift 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. The Secretary of Agriculture may promulgate regulations to carry out the provisions of this Act. Approved October 10, 1978.

LEGISLATIVE HISTORY: HOUSE REPORT No. 95-1553 (Comm. on Agriculture). SENATE REPORT No. 95-883 (Comm. on Agriculture, Nutrition, and Forestry). CONGRESSIONAL RECORD, Vol. 124 (1978): May 26, considered and passed Senate. ^ Sept. 26, considered and passed House. •-':;}

Oct. 10, 1978 [S. 2951]

Gifts and property, acceptance and SeCTetoryV" ^ Agriculture, 7 yg^ 2269.

Regulations.

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