31 U.S.C. § 9702

Investment of trust funds

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Except as required by a treaty of the United States, amounts held in trust by the United States Government (including annual interest earned on the amounts)—(1) shall be invested in Government obligations; and(2) shall earn interest at an annual rate of at least 5 percent.(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1052.)

Historical and Revision Notes
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
9702	31:547a.	R.S. § 3659.

The section is substituted for 31:547a for clarity and consistency in the revised title.

Notes of Decisions

Cited in 2 cases, 1998–1998 · leading case: United States Ex Rel. Merena v. Smithkline Beecham Corp., 52 F. Supp. 2d 420 (E.D. Pa. 1998).

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United States Ex Rel. Merena v. Smithkline Beecham Corp., 52 F. Supp. 2d 420 (E.D. Pa. 1998). · cites it 2× “§ 1321 and 31 U.S.C. § 9702 . 11 In an order dated October 28, 1997,1 denied these motions on the ground that the Government is not a fiduciary of the settlement proceeds (filed document # 80).”

Mochizuki v. United States, 42 Fed. Cl. 174 (Fed. Cl. 1998). “In that case plaintiffs assert that monies appropriated for the Public Education Fund (redress fund) under the Civil Liberties Act (CLA) were not properly invested pursuant to 31 U.S.C. § 9702 . Plaintiffs hope to see the soon to be depleted Public Education Fund replenished so…”

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