36 USC 2304: Gifts, bequests, and devises of property

36 USC 2304: Gifts, bequests, and devises of property Text contains those laws in effect on January 23, 2000

From Title 36-PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSSubtitle I-Patriotic and National Observances and CeremoniesPart B-United States Government Organizations Involved with Observances and CeremoniesCHAPTER 23-UNITED STATES HOLOCAUST MEMORIAL COUNCIL

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§2304. Gifts, bequests, and devises of property

(a) General.-The United States Holocaust Memorial Council may solicit, accept, own, administer, invest, and use gifts, bequests, and devises of property to aid or facilitate the construction, maintenance, and operation of the memorial museum. The property and the proceeds of the property shall be used as nearly as possible in accordance with the terms of the gift, bequest, or devise donating the property. Funds donated to and accepted by the Council under this section are not considered appropriated funds and are not subject to any requirements or restrictions applicable to appropriated funds.

(b) Tax Treatment.-For the purposes of Federal income, estate, and gift taxes, property accepted under this section is deemed to be a gift, bequest, or devise to the United States Government.

( Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1278 .)

Historical and Revision Notes
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
2304(a)	36:1407 (1st–3d sentences).	Oct. 7, 1980, Pub. L. 96–388, §7, 94 Stat. 1549 ; Dec. 19, 1985, Pub. L. 99–190, §101(d) [title III, §324(2)], 99 Stat. 1267 .
2304(b)	36:1407 (last sentence).

In subsection (a), the word "own" is substituted for "hold" for consistency in the revised title. The words "both real and personal" are omitted as unnecessary. The words "Property may be accepted pursuant to this section" and "to be regarded as" are omitted as unnecessary.