I.R.C. § 9602(a) Report —
It shall be the duty of the Secretary of the Treasury to hold each Trust Fund established
by subchapter A, and (after consultation with any other trustees of the Trust Fund)
to report to the Congress each year on the financial condition and the results of
the operations of each such Trust Fund during the preceding fiscal year and on its
expected condition and operations during the next 5 fiscal years. Such report shall
be printed as a House document of the session of the Congress to which the report
is made.
I.R.C. § 9602(b) Investment
I.R.C. § 9602(b)(1) In General —
It shall be the duty of the Secretary of the Treasury to invest such portion of
any Trust Fund established by subchapter A as is not, in his judgment, required to
meet current withdrawals. Such investments may be made only in interest-bearing obligations
of the United States. For such purpose, such obligations may be acquired--
I.R.C. § 9602(b)(1)(A) —
on original issue at the issue price, or
I.R.C. § 9602(b)(1)(B) —
by purchase of outstanding obligations at the market price.
I.R.C. § 9602(b)(2) Sale Of Obligations —
Any obligation acquired by a Trust Fund established by subchapter A may be sold
by the Secretary of the Treasury at the market price.
I.R.C. § 9602(b)(3) Interest On Certain Proceeds —
The interest on, and the proceeds from the sale or redemption of, any obligations
held in a Trust Fund established by subchapter A shall be credited to and form a
part of the Trust Fund.
(Added Pub. L. 97-119, title I, 103(a), Dec. 29, 1981, 95 Stat. 1638.)
Background Notes
Management of Fund
Section 5201(d) of Pub. L. 107-210 provided that:
Sections 9601 and 9602(b)
of the Internal Revenue Code of 1986 shall apply to the fund established under subsection (a) to the same extent
as such provisions apply to trust funds established under subchapter A of chapter
98 of such Code.
Section Referred to in Other Sections
This section is referred to in sections 9502, 9503, 9504, 9505, 9506, 9507, 9508,
9509 of this title; title 42 sections 9505, 9506, 9507, 9508, 9510.
