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Current as of January 01, 2024 | Updated by Findlaw Staff
The Secretary of the Treasury is authorized and directed to receive into the Treasury, on the same terms as the original bequest of James Smithson, such sums as the Regents may, from time to time, see fit to deposit, not exceeding, with the original bequest, the sum of $1,000,000. This shall not operate as a limitation on the power of the Smithsonian Institution to receive money or other property by gift, bequest, or devise, and to hold and dispose of the same in promotion of the purposes thereof.
Cite this article: FindLaw.com - 20 U.S.C. § 55 - U.S. Code - Unannotated Title 20. Education § 55. Acceptance of other sums - last updated January 01, 2024 | https://codes.findlaw.com/us/title-20-education/20-usc-sect-55/
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