An Act To provide for adjusting the amount of interest paid on funds deposited with the Treasury of the United States as a permanent loan by the Board of Trustees of the National Gallery of Art

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Summary

The Act entitled "An Act to authorize the acceptance of a permanent loan to the United States by the Board of Trustees of the National Gallery of art, and for other purposes", approved April 10, 1943 (20 US.S.C 74a), is amended by striking out "the rate of 4 percentum per annum," and inserting in lieu thereof "a rate which is the higher of the rate of 4 per centum per annum or a rate which is .25 percentage points less than a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding long-term marketable obligations of the United States, adjusted to the nearest one-eighth of 1 per centum,".

Subject

  • Board of Trustees of the National Gallery of Art
  • United States. Secretary of the Treasury
  • National Gallery of Art (U.S.)

Category

Smithsonian Legal Documents

Legal document information

  • 90 Stat. 1278
  • Title 20, Education
  • Public Law

Citation information

Statutes at Large

Contained within

90 Stat. 1278 (1976); Pub. L. No. 94-418 (Book)

Contact information

Institutional History Division, Smithsonian Institution Archives, 600 Maryland Avenue, S.W., Washington, D.C. 20024-2520, SIHistory@si.edu

Date

  • 1978
  • 09/21/1976

Topic

  • Loans
  • Amendments (Parliamentary practice)
  • Finance
  • Museum trustees
  • Interest rates

Form/Genre

Public Law

Physical description

Number of pages: 1; Page Numbers: 1278

Full Record

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