§6409 Coral Reef Disaster Fund

Summary

The Administrator must try to make a deal with the National Fish and Wildlife Foundation so the Foundation can receive, hold, and manage money under this law. The Foundation must set up an account called the Coral Reef Disaster Fund and put money it gets here into that account. The Fund can only be used to help coral reefs recover long-term from the emergencies listed in section 6408(b) of this title. Work paid for by the Fund must be done with non-Federal partners and follow the National Coral Reef Resilience Strategy and any coral reef action plans under section 6404 of this title. Money not needed right away can be invested in U.S. government obligations, and any interest or sale proceeds go back into the Fund. The Administrator will keep reviewing deposits and withdrawals and must write assessments about how well the Foundation follows these rules. Foundation = National Fish and Wildlife Foundation. Fund = Coral Reef Disaster Fund. Under the agreement, the Foundation may accept gifts, including donations of services (despite section 1342 of title 31), and any gifts must be kept in the Fund (despite section 3302 of title 31).