Internal Revenue Code · 26 U.S.C.

§ 9602. Management of Trust Funds

In force Text current through Public Law 119-121 (October 9, 2026) release point 119-121

Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).

Cite as 26 U.S.C. § 9602

At a glance

Read from the text, the source credit and the official notes. Not part of the law.

Status: In force
Added: December 29, 1981 by Pub. L. 97–119
Length: 2 subsections · 249 words · about 1 min to read
Cross-references: cites 0; cited by 10 Code sections and 0 other regulations

¶(a) Report

It shall be the duty of the Secretary of the Treasury to hold each Trust Fund established by subchapter A, and (after consultation with any other trustees of the Trust Fund) to report to the Congress each year on the financial condition and the results of the operations of each such Trust Fund during the preceding fiscal year and on its expected condition and operations during the next 5 fiscal years. Such report shall be printed as a House document of the session of the Congress to which the report is made.

¶(b) Investment

¶(1) In general It shall be the duty of the Secretary of the Treasury to invest such portion of any Trust Fund established by subchapter A as is not, in his judgment, required to meet current withdrawals. Such investments may be made only in interest-bearing obligations of the United States. For such purpose, such obligations may be acquired—

¶(A) on original issue at the issue price, or

¶(B) by purchase of outstanding obligations at the market price.

¶(2) Sale of obligations

Any obligation acquired by a Trust Fund established by subchapter A may be sold by the Secretary of the Treasury at the market price.

¶(3) Interest on certain proceeds

The interest on, and the proceeds from the sale or redemption of, any obligations held in a Trust Fund established by subchapter A shall be credited to and form a part of the Trust Fund.

(Added Pub. L. 97–119, title I, § 103(a), Dec. 29, 1981, 95 Stat. 1638.)

Cross-references

Computed from the citations in the text of Title 26 and 26 CFR.

Cited by 10 Code sections

Amendment history

From the source credit and the official notes, newest first.

December 29, 1981Added by Pub. L. 97–119

Where it sits in the Code

Nearby sections

§ 9601 Transfer of amounts
§ 9602 Management of Trust Funds