Page:United States Statutes at Large Volume 60 Part 1.djvu/1058

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60 STAT.] 79TH CONG. , 2D SESS.-CH. 957-AUG. 13, 1946 under any law now or hereafter enacted and for the true and faith- ful performance of all other duties now or hereafter lawfully imposed upon him as such officer or employee, and such bond shall be con- strued to be conditioned for the true and faithful performance of all official duties of whatever character now or hereafter lawfully imposed upon him, or by him assumed incident to his employment as an officer or employee of the Government. Notwithstanding any other provisions of law, upon approval of any bond given pursuant to this Act, the principal shall not be required to give another sep- arate bond conditioned for the true and faithful performance of only a part of the duties for which the bond given pursuant to this Act is conditioned. The bond of an officer or employee of the Service shall be construed to be conditioned for the true and faithful per- formance of all acts of such officer incident to his office regardless of whether appointed or commissioned as diplomatic, consular, Foreign Service officer, or other officer of the Service. The bonds herein mentioned shall be deposited with the Secretary of the Treas- ury. Nothing herein contained shall be deemed to obviate the neces- sity of furnishing any bond which may be required pursuant to the provisions of the Subsistence Expense Act of 1926, as amended (44 Stat. 688; 47 Stat. 405; 56 Stat. 39; 5 U. S . C. 821-823, 827-833). PAnT C-GITCs Swc. 1021. (a) The Secretary may accept on behalf of the United States gifts made unconditionally by will or otherwise for the benefit of the Service or for the carrying out of any of its functions. Con- ditional gifts may be so accepted if recommended by the Director General, and the principal of and income from any such conditional gift shall be held, invested, reinvested, and used in accordance with its conditions, but no gift shall be accepted which is conditioned upon any expenditure not to be met therefrom or from the income thereof unless such expenditure has been approved by Act of Congress (b) Any unconditional gift of money accepted pursuant to the authority granted in paragraph (a) of this section, the net proceeds from the liquidation (pursuant to paragraph (c) or paragraph (d) of this section) of any other property so accepted, and the proceeds of insurance on any such gift property not used for its restoration, shall be deposited in the Treasury of the United States and are hereby appropriated and shall be held in trust by the Secretary of the Treasury for the benefit of the Service, and he may invest and reinvest such funds in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. Such gifts and the income from such invest- ments shall be available for expenditure in the operation of the Serv- ice and the performance of its functions, subject to the same exami- nation and audit as is provided for appropriations made for the Service by Congress. (c) The evidences of any unconditional gift of intangible personal property, other than money, accepted pursuant to the authority granted in paragraph (a) of this section, shall be deposited with the Secretary of the Treasury and he, in his discretion, may hold them, or liqm- date them except that they shall be liquidated upon the request of the Secretary whenever necessary to meet payments required in the opera- tion of the Service or the perfonrance of its functions. The proceeds and income from any such property held by the Secretary of the Treasury shall be available for expenditure as is provided in para- graph (b) of this section. 1031 Separate bond. Deposit. 5U.S.C.i821- 23, 824-833; Snpp. V , 182& Acceptance for ben- efit of ervice. Depoast of money, et. Investmnt. Avalability for s*- penditure. Intngible peronal property.