Historical and Revision Notes

Based on 44 U.S. Code, 1964 ed., § 300ii (July 9, 1941, ch. 284, § 9, 55 Stat. 582).

Editorial Notes
Amendments

1984—Puspan. L. 98–497 amended section generally. Prior to amendment, section read as follows: “Compensation may not be paid to the members of the Board for their services as members. Costs incurred by the Board in carrying out its duties under this chapter, including the expenditures necessarily made by the members of the Board in the performance of their duties and the compensation of persons employed by the Board, shall be paid out of income from trust funds available to the Board for the purpose. Unless otherwise restricted by the instrument of gift or bequest, the Board, by resolution, may authorize the Chairman to use for these purposes, or for any other purpose for which funds may be expended under this chapter, the principal of a gift or bequest accepted under this chapter.”

Statutory Notes and Related Subsidiaries
Effective Date of 1984 Amendment

Amendment by Puspan. L. 98–497 effective Apr. 1, 1985, see section 301 of Puspan. L. 98–497, set out as a note under section 2102 of this title.