Title 16 — ConservationRelease 119-73

§7506 Annual report

Title 16 › Chapter CHAPTER 94— - NATIONAL OCEANS AND COASTAL SECURITY › § 7506

Last updated Apr 6, 2026|Official source

Summary

Unless subsection (c) says otherwise, beginning with fiscal year 2017 the Foundation must send a report within 60 days after each fiscal year ends to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Natural Resources of the House of Representatives. The report must cover how the Fund was run that year. Each report must include a complete record of money the Fund received (and where it came from), what was deposited and the balance at year’s end, and a description of money spent and why.

Full Legal Text

Title 16, §7506

Conservation — Source: USLM XML via OLRC

(a)Subject to subsection (c),11 So in original. beginning with fiscal year 2017, not later than 60 days after the end of each fiscal year, the Foundation shall submit to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Natural Resources of the House of Representatives a report on the operation of the Fund during that fiscal year.

(b)Each annual report submitted under subsection (a) for a fiscal year shall include—

(1)a full and complete statement of the receipts, including the source of all receipts, expenditures, and investments of the Fund;

(2)a statement of the amounts deposited in the Fund and the balance remaining in the Fund at the end of the fiscal year; and

(3)a description of the expenditures made from the Fund for the fiscal year, including the purpose of the expenditures.

Reference

Citations & Metadata

Citation

16 U.S.C. § 7506

Title 16 — Conservation

Last Updated

Apr 6, 2026

Release point: 119-73