Page:United States Statutes at Large Volume 92 Part 1.djvu/67

 PUBLIC LAW 9 5 - 2 2 7 — F E B. 10, 1978 est, computed as of the end of the calendar month next preceding the date of any such advance, borne by all marketable interestbearing obligations of the United States then forming a part of the public debt. W h e n such average rate is not a multiple of oneeighth of 1 percent, the rate of interest on such advances shall be the multiple of one-eighth of 1 percent nearest such average rate. (3) A m o u n t s paid into the fund by a t r u s t described in section 501(c) (21) of the I n t e r n a l Revenue Code of 1954 (other than amounts paid under subsection (b) of section 424 of the Federal Coal Mine Health and Safety Act of 1969) shall be covered into the fund. (4) Amounts repaid or recovered under subsection (b) of section 424 of the Federal Coal Mine Health and Safety Act of 1969 shall be covered into the fund as repayments of amounts erroneously paid out. (5) Amounts paid as fines o r penalties, or interest thereon, under section 423, 431, or 432 of such Act shall be covered into the fund as miscellaneous receipts.

92 STAT. 13

Post, p. 15. Infra.

30 USC 933, 941. Post, p. 101. (c) D U T I E S OF THE SECRETARY o r THE TREASURY.— (1) The Secretary of the Treasury shall hold the fund and Report to (after consultation with the other trustees of the fund) shall Congress. report to the Congress not later than the last d a y of March of 1979, and of each succeeding year, on the financial condition and the results of the operations of the fund during the preceding fiscal year (including a detailed statement of the expenses paid out of the fund under subsection (a)(4) of section 424 of the Federal Coal Mine Health and Safety Act of 1969) and on its Infra. expected condition and operations during the fiscal year in which the report is made. The report shall be printed as a House document of the session of the Congress to which the report is made. (2) I t is the duty of the Secretary of the Treasury to invest Investments. such portion of the fund as is not, in h i s judgment, re(i[uired to meet current withdrawals, including the repayment of advances made under subst^ction (b)(2). Such investments shall be made in public debt secinities with maturities suitable for the needs of the fund and bearing interest a t prevailing market rates. The income on such investments shall be credited to and form a part of the fund. (d) P A Y M E N T S F R O M F u N u. ^ S e c t i o n 424 of the Federal Coal M i n e

Health and Safety Act of 1969 is amended to read as follows: 30 USC 934. " SEC. 424. (a) Amounts in the Black L u n g Disability T r u s t F u n d (referred to in this section as the 'fund') established under section 3 of the Black L u n g Benefits Revenue Act of 1977 shall be available, as ^«^e, p. 12. provided by appropriation Acts, for— " (1) the payment of benefits under section 422 in any case in 30 USC 932. which the Secretary determines that— " (A) the operator liable for the payment of such benefits— " (i) has not commenced payment of such benefits within 30 days after the date of an initial determination of eligibility by the Secretary, or " ( i i) has not made a payment within 30 days a''ter that payment is due, " (B) there is no operator who is required to secure the payment of such benefits, " (2) the payment of obligations incurred by the Secretary with respect to all claims of miners or their survivors in which the

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