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(a) Trust Fund Construction United States Treasury as provided in this section, transferred or credited to such Trust Fund may be together with the amount of such “Asbestos Trust Fund" is known as a Trust Fund is established. (b) Transfer to Trust Fund (1) Transfer Asbestos Trust Fund are transferred by an amount equal to the (a) Volume, section 4014 of this title under the loan payments as January 1, 1987 the Treasury received on or after (b) The amount of Title 15, Section 2647 under the local educational agencies received as deposit, and (c) Any judgment recovered in any suit amounts received as income by section 4017 of this title (A) according to it. (2) Monthly transfer Paragraph (1) by the amount transferred from the general fund of the Treasury at least monthly by the Secretary of the Treasury of the amounts referred to in paragraph Asbestos Trust Fund will be transferred to speculatively. After adjustment for prior estimates to be moved more or less than the amount reasonably necessary funds will be transferred. (c) Management of Trust Fund (1) Investments (a) In general As Secretary of the Treasury in the area of Asbestos Trust Fund, in its decision, current clearance is not required to complete the investment such investment interest bearing obligations of the United States can be made and could be acquired, (i) The original issue at the issue price, or (ii) By purchase of outstanding obligations at the market price. (b) Obligations Sales Asbestos Trust Fund by the Secretary of the Treasury acquired no liability can be sold at market value. (c)Fixed Income Interest Interest on, and proceeds from the sale or redemption of, any obligations held in the Trust Fund attributed to asbestos and will be used as part of the Trust Fund. (2) Expenses from Asbestos Trust Fund Asbestos Trust Fund in the amount of section 4014 of this title only decrease the dangers of asbestos for purposes of carrying out assistance programs; as provided by appropriation Acts, will be available. (d) Authority to scrounge (1) In general: Repayable advances , each of fiscal years 1987, 1988 , 1989, and $ 25 million for 1990 , as the Asbestos Trust Fund are authorized to be appropriated . (2) Advance Repayment (a) In general: The advance will be repaid under this subsection; Asbestos Trust Fund for such purposes and the funds available to the Secretary determines interest on such advances that the Treasury's general fund to be paid. (b) Rates of the Interest: Interest on advances made under this subsection Secretary (advances have close of the month preceding the calendar month) shall be at a rate determined by advance will be outstanding and shall be compounded annually for the period during which the anticipated with remaining time to maturity comparable to the United States, the current average market yield on outstanding marketable obligations is equal. (c) Effective Date: This section was amended by January 1, 1986 shall take effect on. Aaliyah Lee is the author and producers of The Asbestos Trust Funds. The complete website information about theAsbestos Trust Fund find here.
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