Page:United States Statutes at Large Volume 95.djvu/1664

 95 STAT. 1638

PUBLIC LAW 97-119—DEC. 29, 1981

1978, and which is or has been approved in accordance with the 30 USC 945. provisions of section 435 of the Black Lung Benefits Act. For purposes of the preceding sentence, any reference to section Post, pp. 1645. 402(i), 422, or 435 of the Black Lung Benefits Act shall be treated as a 1639, 1644, 1645. reference to such section as in effect immediately after the enactment of this section. ^'Subchapter B—General Provisions

26 USC 9601.

Ante, p. 1636.

26 USC 9602.

"Sec. 9601. Transfer of amounts. "Sec. 9602. Management of Trust Funds. "SEC. 9601. TRANSFER OF AMOUNTS.

"The amounts appropriated by any section of subchapter A to any Trust Fund establishea by such subchapter shall be transferred at least monthly from the general fund of the Treasury to such Trust Fund on the basis of estimates made by the Secretary of the Treasury of the amounts referred to in such section. Proper adjustments shall be made in the amounts subsequently transferred to the extent prior estimates were in excess of or less than the amounts required to be transferred. "SEC. 9602. MANAGEMENT OF TRUST FUNDS. "(a) REPORT.—It shall be the duty of the Secretary of the Treasury to hold each Trust Fund established by subchapter A, and (after consultation with any other trustees of the Trust Fund) to report to the Congress each year on the financial condition and the results of the operations of each such Trust Fund during the preceding fiscal year and on its expected condition and operations during the next 5 fiscal years. Such report shall be printed as a House document of the session of the Congress to which the report is made. "(b) INVESTMENT.—

"(1) IN GENERAL.—It shall be the duty of the Secretary of the Treasury to invest such portion of any Trust Fund established by subchapter A as is not, in his judgment, required to meet current withdrawals. Such investments may be made only in interestbearing obligations of the United States. For such purpose, such obligations may be acquired— "(A) on original issue at the issue price, or "(B) by purchase of outstanding obligations at the market price. "(2) SALE OF OBLIGATIONS.—Any obligation acquired by a Trust Fund established by subchapter A may be sold by the Secretary of the Treasury at the market price. "(3) INTEREST ON CERTAIN PROCEEDS.—The interest on, and the proceeds from the sale or redemption of, any obligations held in a Trust Fund established by subchapter A shall be credited to and form a part of the Trust Fund.". 30 USC 934a. 26 USC 501. Ante, p. 1636.

(b) REPEAL OP SUBSECTIONS (a), (b), AND (C) OP SECTION 3 OF THE BLACK LUNG BENEFITS REVENUE AcT OP 1977.—Subsoctions (a), (b),

and (c) of section 3 of the Black Lung Benefits Revenue Act of 1977 are herel^ repealed. (c) CLERICAL AMENDMENTS.—

(1) Clause (iii) of section 501(c)(21XB) is amended by striking out "established under section 3 of the Black Lung Benefits Revenue Act of 1977" and inserting in lieu thereof "established under

SOCtion 9 5 0 1 ".

(2) The table of subtitles for such Code is amended by adding at the end thereof the following new item:

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