Title 16, ConservationRelease 119-110
§7506 Annual Report
Title 16 › CHAPTER 94 — NATIONAL OCEANS AND COASTAL SECURITY › § 7506
Summary
The Foundation must, subject to subsection (c), starting in fiscal year 2017 and within 60 days after year end, send a report to the Senate Commerce, Science, and Transportation Committee and the House Natural Resources Committee. Reports must list receipts and their sources, investments, deposits and the year‑end balance, and explain expenditures and their purposes.
Full Legal Text
Title 16, §7506
Conservation, Source: USLM XML via OLRC
(a)Requirement for annual report
Subject to subsection (c), beginning with fiscal year 2017, not later than 60 days after the end of each fiscal year, the Foundation shall submit to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Natural Resources of the House of Representatives a report on the operation of the Fund during that fiscal year.
(b)Content
Each annual report submitted under subsection (a) for a fiscal year shall include—
(1)a full and complete statement of the receipts, including the source of all receipts, expenditures, and investments of the Fund;
(2)a statement of the amounts deposited in the Fund and the balance remaining in the Fund at the end of the fiscal year; and
(3)a description of the expenditures made from the Fund for the fiscal year, including the purpose of the expenditures.
Reference
Citations & Metadata
Citation
16 U.S.C. § 7506
Title 16, Conservation
Last Updated
Sep 23, 2026
Release point: 119-110