§3706 — Title 16 Conservation | U.S. Code

Summary

The Foundation must be treated as a corporation under part B of subtitle II of title 36 for purposes of section 10101 of title 36. As soon as possible after each fiscal year, the Foundation must send a report to the House Committee on Resources and the Senate Committee on Environment and Public Works. The report must explain its activities and give a full accounting of receipts, expenditures, and investments, describe any real property acquired or disposed of under section 3703(e), and list every grant made with the recipient, amount, and purpose. The law also says the Foundation must not engage in or threaten to engage in actions that conflict with its purposes in section 3701(b), and must not refuse, fail, or neglect to carry out its duties under this chapter or threaten to do so.

Title 16, §3706

Conservation — Source: USLM XML via OLRC

(a)For purposes of section 10101 of title 36, the Foundation shall be treated as a Corporation in part B of subtitle II of title 36.

(b)The Foundation shall, as soon as practicable after the end of each fiscal year, transmit to the Committee on Resources of the House of Representatives and the Committee on Environment and Public Works of the Senate a report of its proceedings and activities during such year, including a full and complete statement of its receipts, expenditures, and investments; and a description of all acquisition and disposal of real property that is subject to section 3703(e) of this title. The report shall include a detailed statement of the recipient, amount, and purpose of each grant made by the Foundation in the fiscal year.

(c)If the Foundation—

(1)engages in, or threatens to engage in, any act, practice, or policy that is inconsistent with its purposes set forth in section 3701(b) of this title; or

(2)refuses, fails, or neglects to discharge its obligations under this chapter, or threatens to do so;

Notes & Related Subsidiaries

Editorial Notes

Codification In subsec. (a), “section 10101 of title 36” substituted for “the Act entitled ‘An Act for audit of accounts of private corporations established under Federal law’, approved August 30, 1964 (Public Law 88–504, 36 U.S.C. 1101–1103)” and “a corporation in part B of subtitle II of title 36” substituted for “a private corporation established under Federal law” on authority of Pub. L. 105–225, § 5(b), Aug. 12, 1998, 112 Stat. 1499, the first section of which enacted Title 36, Patriotic and National Observances, Ceremonies, and Organizations.

Amendments

2000—Subsec. (b). Pub. L. 106–408 substituted “the Committee on Resources of the House of Representatives and the Committee on Environment and Public Works of the Senate” for “Congress” and inserted at end “The report shall include a detailed statement of the recipient, amount, and purpose of each grant made by the Foundation in the fiscal year.” 1988—Subsec. (b). Pub. L. 100–240 inserted “; and a description of all acquisition and disposal of real property that is subject to section 3703(e) of this title” before period at end.

Statutory Notes and Related Subsidiaries

Change of Name

Committee on Resources of House of Representatives changed to Committee on Natural Resources of House of Representatives by House Resolution No. 6, One Hundred Tenth Congress, Jan. 5, 2007. Termination of Reporting RequirementsFor termination, effective May 15, 2000, of provisions of law requiring submittal to Congress of any annual, semiannual, or other regular periodic report listed in House Document No. 103–7 (in which a report required under subsec. (b) of this section is listed on page 203), see section 3003 of Pub. L. 104–66, as amended, set out as a note under section 1113 of Title 31, Money and Finance.

§3706 Audits, Report Requirements, and Petition of Attorney General for Equitable Relief