Congress, by section 44 of the Act, 33 U.S.C. 944, established in
the U.S. Treasury a special fund, to be administered by the Secretary.
The Treasurer of the United States is the custodian of such fund, and
all monies and securities in such fund shall be held in trust by the
Treasurer and shall not be money or property of the United States. The
Treasurer shall make disbursements from such funds only upon the order
of the Director, OWCP, as delegatee of the Secretary. The Act requires
that the Treasurer give bond, in an amount to be fixed and with
securities to be approved by the Secretary of the Treasury and the
Comptroller General of the United States, conditioned upon the faithful
performance of his duty as custodian of such fund.
