---
kind: "section"
citation: "12 U.S.C. § 1772a"
title: "12"
title_heading: "Banks and Banking"
number: "1772a"
heading: "Gifts; acceptance of conditional gifts; deposit"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/1772a"
units:
  - "Chapter 14 — Federal Credit Unions"
  - "Subchapter I — General Provisions"
---

# §1772a. Gifts; acceptance of conditional gifts; deposit


The [Board](/usc/12/1752.md?p=4) is authorized to accept gifts of money made unconditionally by will or otherwise for the carrying out of any of the functions under this chapter. A conditional gift of money made by will or otherwise for such purposes may be accepted and used in accordance with its conditions, but no such gift shall be accepted which is conditioned upon any expenditure not to be met therefrom or from income thereof unless the [Board](/usc/12/1752.md?p=4) determines that supplementation of such gift from the fees it may expend pursuant to sections [1755](/usc/12/1755.md) and [1756](/usc/12/1756.md) of this title or from any [funds](/usc/12/1752.md?p=8) appropriated pursuant to [section 1766(f)(2)(C) of this title](/usc/12/1766.md?p=f-2-C) for the purpose of making such expenditure will not adversely affect the sound [administration](/usc/12/1752.md?p=3) of this chapter. Any such gift shall be deposited in the Treasury of the United States for the [account](/usc/12/1752.md?p=5) of the [Administration](/usc/12/1752.md?p=3) and may be expended in accordance with [section 1755 of this title](/usc/12/1755.md) or as provided in the preceding sentence.


## Source credit

(June 26, 1934, ch. 750, title I, § 127, formerly § 28, as added Pub. L. 90–375, § 3, July 5, 1968, 82 Stat. 285; amended Pub. L. 91–206, § 2(1), (3), Mar. 10, 1970, 84 Stat. 49; renumbered title I, § 127, Pub. L. 91–468, § 1(2), Oct. 19, 1970, 84 Stat. 994; amended Pub. L. 95–630, title V, § 502(b), Nov. 10, 1978, 92 Stat. 3681.)

## Notes

### Editorial Notes

### Amendments

1978—Pub. L. 95–630 substituted “Board” for “Administrator” in two places, and “it may expend” for “he may expend”.

1970—Pub. L. 91–206 substituted “Administrator” for “Director” and “Administration” for “Bureau” wherever appearing.

### Statutory Notes and Related Subsidiaries

### Effective Date of 1978 Amendment

Amendment by Pub. L. 95–630 effective on expiration of 120 days after Nov. 10, 1978, and transitional provisions, see section 509 of Pub. L. 95–630, set out as a note under section 1752 of this title.