Part D - United States Capitol Police Memorial Fund

2 USC 1951 - Establishment of United States Capitol Police Memorial Fund

There is hereby established in the Treasury of the United States the United States Capitol Police Memorial Fund (hereafter in this part referred to as the Fund). All amounts received by the Capitol Police Board which are designated for deposit into the Fund shall be deposited into the Fund.

2 USC 1952 - Payments from Fund for families of Detective Gibson and Private First Class Chestnut

Subject to the regulations issued under section 1954 of this title, amounts in the Fund shall be paid to the families of Detective John Michael Gibson and Private First Class Jacob Joseph Chestnut of the United States Capitol Police as follows:
(1) Fifty percent of such amounts shall be paid to the widow and children of Detective Gibson.
(2) Fifty percent of such amounts shall be paid to the widow and children of Private First Class Chestnut.

2 USC 1953 - Tax treatment of Fund

(a) Contributions to Fund 
For purposes of title 26, any contribution or gift to or for the use of the Fund shall be treated as a contribution or gift for exclusively public purposes to or for the use of an organization described in section 170 (c)(1) of title 26.
(b) Treatment of payments from Fund 
Any payment from the Fund shall not be subject to any Federal, State, or local income or gift tax.
(c) Exemption 
For purposes of title 26, notwithstanding section 501 (c)(1)(A) of title 26, the Fund shall be treated as described in section 501 (c)(1) of title 26 and exempt from tax under section 501 (a) of title 26.

2 USC 1954 - Administration by Capitol Police Board

The Capitol Police Board shall administer and manage the Fund (including establishing the timing and manner of making payments under section 1952 of this title) in accordance with regulations issued by the Board, subject to the approval of the Committee on Rules and Administration of the Senate and the Committee on House Oversight of the House of Representatives. Under such regulations, the Board shall pay any balance remaining in the Fund upon the expiration of the 6-month period which begins on August 7, 1998, to the families of Detective John Michael Gibson and Private First Class Jacob Joseph Chestnut in accordance with section 1952 of this title, and shall disburse any amounts in the Fund after the expiration of such period in such manner as the Board may establish. Under such regulations, and using amounts in the Fund, a financial adviser or trustee, as appropriate, for the families of Detective John Michael Gibson and Private First Class Jacob Joseph Chestnut of the United States Capitol Police shall be appointed to advise the families respecting disbursements to them of amounts in the Fund.