---
kind: "section"
citation: "20 U.S.C. § 74a"
title: "20"
title_heading: "Education"
number: "74a"
heading: "Permanent loan of funds by Board of Trustees to Treasury; semiannual interest payments to Board"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/20/74a"
units:
  - "Chapter 3 — Smithsonian Institution, National Museums and Art Galleries"
  - "Subchapter II — National Gallery of Art"
---

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


The [Secretary](/usc/20/1221.md?p=c-4) 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](/usc/20/1221.md?p=c-4) 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.


## Source credit

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

## Notes

### Editorial Notes

### Codification

Section was not enacted as part of act Mar. 24, 1937, ch. 50, 50 Stat. 51, which comprises this subchapter.

### Amendments

1976—Pub. L. 94–418 inserted provision authorizing alternate interest rate to existing interest rate of 4 per centum per annum.