§40901 — Title 51 National and Commercial Space Programs | U.S. Code

Summary

Creates a new trust fund in the U.S. Treasury with $15,000,000 moved from the Department of Housing and Urban Development—Independent Agencies Appropriations Act, 1989 (Public Law 100–404, 102 Stat. 1014). The Treasury must buy special-issue securities with the money and credit interest to the fund each quarter. That interest pays grants for improving science, space, and technology education. The Administrator, after talking with the National Science Foundation Director, must review grant applications and award funds by competition. Recipients must match grants with non‑Federal money. The trust must pay $250,000 each calendar quarter to the Challenger Center for Space Science Education. The Administrator must send Congress an annual report on the grants.

Title 51, §40901

National and Commercial Space Programs — Source: USLM XML via OLRC

There is appropriated, by transfer from funds appropriated in the Department of Housing and Urban Development—Independent Agencies Appropriations Act, 1989 (Public Law 100–404, 102 Stat. 1014), for “Construction of facilities”, the sum of $15,000,000 to the “Science, Space, and Technology Education Trust Fund”, which is hereby established in the Treasury of the United States. The Secretary of the Treasury shall invest these funds in the United States Treasury special issue securities, and interest shall be credited to the Trust Fund on a quarterly basis. Such interest shall be available for the purpose of making grants for programs directed at improving science, space, and technology education in the United States. The Administrator, after consultation with the Director of the National Science Foundation, shall review applications made for such grants and determine the distribution of available funds on a competitive basis. Grants shall be made available to any awardee only to the extent that the awardee provides matching funds from non-Federal sources to carry out the program for which grants from this Trust Fund are made. Of the funds made available by this Trust Fund, $250,000 shall be disbursed each calendar quarter to the Challenger Center for Space Science Education. The Administrator shall submit to Congress an annual report on the grants made pursuant to this section.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 4090142 U.S.C. 2467.Pub. L. 100–404, title II, (par. under heading “Science, Space, and Technology Education Trust Fund”, at 102 Stat. 1028), Aug. 19, 1988, 102 Stat. 1028; Pub. L. 103–327, title III, Sept. 28, 1994, 108 Stat. 2328. In the first sentence, the words “the Department of Housing and Urban Development—Independent Agencies Appropriations Act, 1989 (Public Law 100–404, 102 Stat. 1014)” are substituted for “this Act” to clarify the reference. In the second sentence, the words “of the Treasury” are inserted after “the Secretary” for clarity. In the sixth sentence, the word “hereafter”, which appeared after “each calendar quarter”, is omitted as unnecessary.

§40901 Science, Space, and Technology Education Trust Fund

Summary

Title 51, §40901

Notes & Related Subsidiaries

Historical and Revision Notes

Citations & Metadata