Sec. 14-21m. Olympic Spirit commemorative account.
Sec. 14-21m. Olympic Spirit commemorative account. (a) There is established
an account to be known as the "Olympic Spirit commemorative account" which shall
be a separate, nonlapsing account within the General Fund. The account shall contain
any moneys required by law to be deposited in the account.
(b) The moneys in said account shall be distributed quarterly by the Secretary of the
Office of Policy and Management to the United States Olympic Committee, a nonprofit
entity. Said moneys shall be expended by the United States Olympic Committee on
efforts dedicated to providing athletes with support and training, and preparing athletes
for sports competition.
(c) The Secretary of the Office of Policy and Management may receive private
donations to said account and any such receipts shall be deposited in said account.
(P.A. 99-268, S. 37; P.A. 00-169, S. 22.)
History: P.A. 00-169 revised effective date of P.A. 99-268 but without affecting this section.