§304. Investment of proceeds of sale of land or scrip — Inbound Citations

Citations to 7 U.S.C. § 304 as a whole

• 7 U.S.C. § 303

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  All the expenses of management, superintendence, and taxes from date of selection of said lands, previous to their sales, and all expenses incurred in the management and disbursement of the moneys which may be received therefrom, shall be paid by the States to which they may belong, out of the treasury of said States, so that the entire proceeds of the sale of said lands shall be applied without any diminution whatever to the purposes in sections 304, 305, 307 and 308 of this title mentioned.
• 7 U.S.C. § 305

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  The grant of land and land scrip hereby authorized shall be made on the following conditions, to which, as well as to the provisions contained in said sections, the previous assent of the several States shall be signified by legislative acts:
• 7 U.S.C. § 309(b)

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  (b) Notwithstanding section 304 of this title, the State of North Dakota shall, with respect to any trust fund in which proceeds from the sale of land under this subchapter are deposited (referred to in this section as the “trust fund”)—

  (1) deposit all revenues earned by a trust fund into the trust fund;

  (2) deduct the costs of administering a trust fund from each trust fund; and

  (3) manage each trust fund to—

  (A) preserve the purchasing power of the trust fund; and

  (B) maintain stable distributions to trust fund beneficiaries.
• 7 U.S.C. § 309(c)

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  (c) Notwithstanding section 304 of this title, any distributions from trust funds in the State of North Dakota shall be made in accordance with section 2 of article IX of the Constitution of the State of North Dakota.
• 7 U.S.C. § 917(c)(1)

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  (1) Sections 304(b), 306, 306A, 306C, 306D, 310B, and 375¹ and subtitle E [7 U.S.C. 2009 et seq.] of the Consolidated Farm and Rural Development Act (7 U.S.C. 1924(b), 1926, 1926a, 1926c, 1926d, and 1932).