2015 US Code
Title 20 - Education (Sections 1 - 10013)
Chapter 66 - Morris K. Udall and Stewart L. Udall Foundation (Sections 5601 - 5609)
Sec. 5607a - Environmental Dispute Resolution Fund
| Publication Title | United States Code, 2012 Edition, Supplement 3, Title 20 - EDUCATION |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 20 - EDUCATION CHAPTER 66 - MORRIS K. UDALL AND STEWART L. UDALL FOUNDATION Sec. 5607a - Environmental Dispute Resolution Fund |
| Contains | section 5607a |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 102-259, §10, as added Pub. L. 105-156, §6(b), Feb. 11, 1998, 112 Stat. 10; amended Pub. L. 105-277, div. A, §101(h) [title V, §517(c)], Oct. 21, 1998, 112 Stat. 2681-480, 2681-512. |
| Statutes at Large Reference | 112 Stat. 10, 2681-480 |
| Public and Private Law | Public Law 102-259, Public Law 105-156, Public Law 105-277 |
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There is established in the Treasury of the United States an Environmental Dispute Resolution Fund to be administered by the Foundation. The Fund shall consist of amounts appropriated to the Fund under section 5609(b) of this title and amounts paid into the Fund under section 5607b of this title.
(b) ExpendituresThe Foundation shall expend from the Fund such sums as the Board determines are necessary to establish and operate the Institute, including such amounts as are necessary for salaries, administration, the provision of mediation and other services, and such other expenses as the Board determines are necessary, including not to exceed $1,000 annually for official reception and representation expenses.
(c) Distinction from Trust FundThe Fund shall be maintained separately from the Trust Fund established under section 5606 of this title.
(d) Investment of amounts(1) In generalThe Secretary of the Treasury shall invest such portion of the Fund as is not, in the judgment of the Secretary, required to meet current withdrawals.
(2) Interest-bearing obligationsInvestments may be made only in interest-bearing obligations of the United States.
(3) Acquisition of obligationsFor the purpose of investments under paragraph (1), obligations may be acquired—
(A) on original issue at the issue price; or
(B) by purchase of outstanding obligations at the market price.
(4) Sale of obligationsAny obligation acquired by the Fund may be sold by the Secretary of the Treasury at the market price.
(5) Credits to FundThe interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to and form a part of the Fund.
(Pub. L. 102–259, §10, as added Pub. L. 105–156, §6(b), Feb. 11, 1998, 112 Stat. 10; amended Pub. L. 105–277, div. A, §101(h) [title V, §517(c)], Oct. 21, 1998, 112 Stat. 2681–480, 2681–512.)
PRIOR PROVISIONSA prior section 10 of Pub. L. 102–259 was renumbered section 12 and is classified to section 5608 of this title.
AMENDMENTS1998—Subsec. (b). Pub. L. 105–277 inserted before period at end ", including not to exceed $1,000 annually for official reception and representation expenses".
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