§6409 Coral Reef Disaster Fund

Summary

The Administrator must make a deal with the National Fish and Wildlife Foundation so the Foundation can receive, hold, and manage money. The Foundation must create a "Coral Reef Disaster Fund" and put the money there. The Fund can only be used to help long-term recovery of coral reefs from the emergency events named in section 6408(b). Work paid from the Fund must be done with non‑Federal partners and must follow the National Coral Reef Resilience Strategy and any coral reef action plans under section 6404. Money not needed right away must be invested in interest‑earning U.S. government bonds or other U.S.‑guaranteed obligations, and any interest or sale proceeds go back into the Fund. The Administrator must regularly review deposits and withdrawals and write an assessment of how the Foundation is meeting these requirements. Under the agreement, the Foundation may accept gifts, including donated services despite 31 U.S.C. 1342, and any gifts must be deposited in the Fund despite 31 U.S.C. 3302.