Title 54National Park Service and Related ProgramsRelease 119-73

§101114 Disposition of property or income

Title 54 › Subtitle Subtitle I— - National Park System › Chapter CHAPTER 1011— - DONATIONS › Subchapter SUBCHAPTER II— - NATIONAL PARK FOUNDATION › § 101114

Last updated Apr 6, 2026|Official source

Summary

The National Park Foundation may manage, sell, lease, invest, keep, or otherwise handle property and income as its Board decides, unless the transfer document says otherwise. It cannot make investments a District of Columbia trust company is barred from making, unless a transfer allows it. The Foundation may use Interior and Justice Department services; reimbursements go back to the original government account and may be spent from that account without another appropriation.

Full Legal Text

Title 54, §101114

National Park Service and Related Programs — Source: USLM XML via OLRC

(a)Except as otherwise required by the instrument of transfer, the National Park Foundation may sell, lease, invest, reinvest, retain, or otherwise dispose of or deal with any property or income from the property as the Board may determine.
(b)The National Park Foundation shall not engage in any business or make any investment that may not lawfully be made by a trust company in the District of Columbia, except that the Foundation may make any investment authorized by the instrument of transfer, and may retain any property accepted by the Foundation.
(c)The National Park Foundation may utilize the services and facilities of the Department of the Interior and the Department of Justice, and the services and facilities may be made available on request to the extent practicable with or without reimbursement. Amounts reimbursed to either Department shall be returned by the Department to the account from which the funds for which the reimbursement is made were drawn and may, without further appropriation, be expended for any purpose for which the account is authorized.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 10111416 U.S.C. 19h.Pub. L. 90–209, § 4, Dec. 18, 1967, 81 Stat. 656; Pub. L. 106–176, title III, § 305, Mar. 10, 2000, 114 Stat. 33.

Reference

Citations & Metadata

Citation

54 U.S.C. § 101114

Title 54National Park Service and Related Programs

Last Updated

Apr 6, 2026

Release point: 119-73