§6304 — Title 16 Conservation | U.S. Code

Summary

Creates a separate Great Ape Conservation Fund inside the Multinational Species Conservation Fund. The Fund is made up of money sent to the Treasury from donations the Secretary accepts, amounts Congress provides under the law, and any interest the Fund earns from investments. The Secretary can ask the Treasury to send money from the Fund to pay for great-ape assistance without needing another appropriation. Each year, up to 3 percent of the Fund or $150,000 (whichever is larger) may be used for admin costs. Money not needed right away must be invested only in U.S. interest-bearing government obligations, bought at issue or on the market and sold at market price. Interest and sale proceeds return to the Fund. Transfers into the Fund must happen at least monthly using estimates, with later adjustments.

Title 16, §6304

Conservation — Source: USLM XML via OLRC

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

(1)amounts transferred to the Secretary of the Treasury for deposit into the Fund under subsection (e);

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

(4)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)(1)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)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)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