20 USC § 74a - Permanent loan of funds by Board of Trustees to Treasury; semiannual interest payments to Board

---
identifier: "/us/usc/t20/s74a"
source: "usc"
legal_status: "official_prima_facie"
title: "20 USC § 74a - Permanent loan of funds by Board of Trustees to Treasury; semiannual interest payments to Board"
title_number: 20
title_name: "EDUCATION"
section_number: "74a"
section_name: "Permanent loan of funds by Board of Trustees to Treasury; semiannual interest payments to Board"
chapter_number: 3
chapter_name: "SMITHSONIAN INSTITUTION, NATIONAL MUSEUMS AND ART GALLERIES"
subchapter_number: "II"
subchapter_name: "NATIONAL GALLERY OF ART"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Apr. 10, 1943, ch. 46, 57 Stat. 62; Pub. L. 94–418, Sept. 21, 1976, 90 Stat. 1278.)"
---


# § 74a. Permanent loan of funds by Board of Trustees to Treasury; semiannual interest payments to Board

The Secretary of the Treasury is authorized and directed to receive into the Treasury from time to time as a permanent loan by the Board of Trustees of the National Gallery of Art to the United States sums in cash of not to exceed $5,000,000 in the aggregate, and to pay interest on the principal amount of such loan at 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, payable semiannually. Such interest is permanently appropriated for payment to the Board of Trustees of the National Gallery of Art.

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**Source Credit**: (Apr. 10, 1943, ch. 46, 57 Stat. 62; Pub. L. 94–418, Sept. 21, 1976, 90 Stat. 1278.)

## Editorial Notes

### Codification

Section was not enacted as part of , , which comprises this subchapter.

### Amendments

1976— inserted provision authorizing alternate interest rate to existing interest rate of 4 per centum per annum.