16 U.S.C. § 6304: Great Ape Conservation Fund

Summary

Creates the Great Ape Conservation Fund inside the Multinational Species Conservation Fund. Money in the Fund comes from donations and transfers sent under subsection (e), amounts Congress APPROPRIATES under section 6305, and any interest the Fund earns. When the Secretary asks, the Treasury must send money from the Fund to the Secretary to pay for great ape conservation activities under section 6303 without needing another funding law. Each year up to 3 percent of the Fund, or up to $150,000 (whichever is more), may be used for administrative costs. The Treasury may invest money not needed right away in U.S. interest-bearing obligations, buy or sell those securities, and keep any interest or sale proceeds in the Fund. Required transfers to the Fund must be made at least monthly and adjusted later if estimates were off. The Secretary may accept donations and must send them to Treasury for deposit.

Title 16, §6304

Conservation, Source: USLM XML via OLRC

(a)Establishment

There is established in the Multinational Species Conservation Fund a separate account to be known as the “Great Ape Conservation Fund”, consisting of— (1)

(2)amounts appropriated to the Fund under section 6305 of this title; and

(3)any interest earned on investment of amounts in the Fund under subsection (c).

(b)Expenditures from Fund

(1)In general

Subject to paragraph (2), upon request by the Secretary, the Secretary of the Treasury shall transfer from the Fund to the Secretary, without further appropriation, such amounts as the Secretary determines are necessary to provide assistance under section 6303 of this title.

(2)Administrative expenses

Of the amounts in the account available for each fiscal year, the Secretary may expend not more than 3 percent, or up to $150,000, whichever is greater, to pay the administrative expenses necessary to carry out this chapter.

(c)Investment of amounts

(1)In general

The Secretary of the Treasury shall invest such portion of the Fund as is not, in the judgment of the Secretary of the Treasury, required to meet current withdrawals. Investments may be made only in interest-bearing obligations of the United States.

(2)Acquisition of obligations

For the purpose of investments under paragraph (1), obligations may be acquired—

(A)on original issue at the issue price; or

(B)by purchase of outstanding obligations at the market price.

(3)Sale of obligations

Any obligation acquired by the Fund may be sold by the Secretary of the Treasury at the market price.

(4)Credits to Fund

The interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to and form a part of the Fund.

(d)Transfers of amounts

(1)In general

The amounts required to be transferred to the Fund under this section shall be transferred at least monthly from the general fund of the Treasury to the Fund on the basis of estimates made by the Secretary of the Treasury.

(2)Adjustments

Proper adjustment shall be made in amounts subsequently transferred to the extent prior estimates were in excess of or less than the amounts required to be transferred.

(e)Acceptance and use of donations

The Secretary may accept and use donations to provide assistance under section 6303 of this title. Amounts received by the Secretary in the form of donations shall be transferred to the Secretary of the Treasury for deposit into the Fund.

Editorial Notes

Amendments

2019—Subsec. (b)(2). Pub. L. 116–9 substituted “$150,000” for “$100,000”. 2006—Subsec. (b)(2). Pub. L. 109–363 substituted “expend” for “expand” and “$100,000” for “$80,000”.

§6304 Great Ape Conservation Fund

Summary

Title 16, §6304

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata