112 STAT. 1250 PUBLIC LAW 105-223—AUG. 7, 1998 Public Law 105-223 105th Congress An Act A 7iQQ« ^° establish the United States Capitol Police Memorial Fund on behalf of the ^—: families of Detective John Michael Gibson and Private First Class Jacob Joseph [H.R. 43541 Chestnut of the United States Capitol Police. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, 40 USC 207c. SECTION 1. ESTABLISHMENT OF UNITED STATES CAPITOL POLICE MEMORIAL FUND. There is hereby estabhshed in the Treasury of the United States the United States Capitol PoHce Memorial Fund (hereafter in this Act 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. 40 USC 207C-1. SEC. 2. PAYMENTS FROM FUND FOR FAMILIES OF DETECTIVE GIBSON AND PRIVATE FIRST CLASS CHESTNUT. Subject to the regulations issued under section 4, 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. 40 USC 207C-2. SEC. 3. TAX TREATMENT OF FUND. (a) CONTRIBUTIONS TO FUND.—For purposes of the Internal Revenue Code of 1986, 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 such Code. (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 such Code, notwithstanding section 501(c)(1)(A) of such Code, the Fund shall be treated as described in section 501(c)(1) of such Code and exempt from tax under section 501(a) of such Code. Regulations. SEC. 4. 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 2) in accordance with regulations issued y the Board, subject to the approval of the Committee on Rules and Administration of the Senate and the Committee on House
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