§29.11. Investment. — Inbound Citations
43 C.F.R. § 29.11
Statutory Authority
Cited by 1 regulation in release Current.
Citations to 43 U.S.C. § 29.11 as a whole
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(b) Costs of the administration shall be paid from the money received by the Fund, and all sums not needed for administration and the satisfaction of claims shall be invested in accordance with § 29.11. The interest on and the proceeds from the sale of any obligations held in the Fund shall be credited to and form a part of the Fund. Income from such securities shall be added to the principal of the Fund if not used for costs of administration or settlement of claims.