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Executive Order 10525--Transferring from the Secretary of the Navy to the Secretary of the Interior interest in and control over certain funds

Source: The provisions of Executive Order 10525 of Apr. 1, 1954, appear at 19 FR 1861, 3 CFR, 1954-1958 Comp., p. 186, unless otherwise noted.

By virtue of the authority vested in me as President of the United States, and in the interest of the internal management of the Government, it is hereby ordered as follows:

The Secretary of the Navy's interest in, and control over, the moneys deposited by him in accordance with the provisions of Executive Order No. 10426 of January 16, 1953, entitled "Setting aside Submerged Lands of the Continental Shelf as a Naval Petroleum Reserve", in a suspense account in the Treasury of the United States, shall hereafter be vested in and exercised by the Secretary of the Interior, in the same manner as in the case of the moneys deposited in a special account in the Treasury of the United States in accordance with the provisions of the notice of the Secretary of the Interior dated December 11, 1950 (15 F.R. 8835), as amended and supplemented, such moneys to be expended or deposited as provided by the Submerged Lands Act (67 Stat. 29) and the Outer Continental Shelf Lands Act (67 Stat. 462).

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