PRIA Logo™
Title 20, EducationRelease 119-110

§5606 Establishment of Morris K. Udall and Stewart L. Udall Trust Fund

Title 20 › CHAPTER 66 — MORRIS K. UDALL AND STEWART L. UDALL FOUNDATION › § 5606

Last updated Sep 23, 2026|Official source

Summary

Creates the Morris K. Udall and Stewart L. Udall Trust Fund in the U.S. Treasury to be run by a Foundation. The fund is made up of amounts Congress provides and other credited amounts. The Treasury must invest the money as the Foundation Board tells it, using U.S. government debt with terms that fit the fund’s needs. Interest rates are set by the Treasury based on current market yields. Beginning October 1, 2023, interest from any new appropriations is available only if Congress approves spending it, and may be appropriated to carry out this chapter.

Full Legal Text

Title 20, §5606

Education, Source: USLM XML via OLRC

(a)Establishment of Trust Fund
There is established in the Treasury of the United States a trust fund to be known as the “Morris K. Udall and Stewart L. Udall Trust Fund” to be administered by a Foundation. The Trust Fund shall consist of amounts appropriated to it pursuant to section 5609(a) of this title and amounts credited to it under subsection (b).
(b)Investment of Trust Fund assets
(1)In general.—
It shall be the duty of the Secretary of the Treasury to invest, at the direction of the Foundation Board, in full the amounts appropriated to the Trust Fund. Such investments shall be in public debt securities with maturities suitable to the needs of the Trust Fund. Investments in public debt securities shall bear interest “at rates determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States” of comparable maturity. Beginning on October 1, 2023, and thereafter, interest earned from investments made with any new appropriations to the Trust Fund shall only be available subject to appropriations and is authorized to be appropriated to carry out the provisions of this chapter.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2024—Subsec. (b)(1). Pub. L. 118–47 inserted at end “Beginning on October 1, 2023, and thereafter, interest earned from investments made with any new appropriations to the Trust Fund shall only be available subject to appropriations and is authorized to be appropriated to carry out the provisions of this chapter.” 2009—Pub. L. 111–90 substituted “and Stewart L. Udall” for “Scholarship and Excellence in National Environmental Policy” in section catchline and in subsec. (a). 1998—Subsec. (a). Pub. L. 105–156, § 9(a), substituted “The Trust Fund” for “The fund” and “5609(a)” for “5609”. Subsec. (b)(1). Pub. L. 105–156, § 9(b), substituted “Trust Fund” for “Fund” in two places.

Reference

Citations & Metadata

Citation

20 U.S.C. § 5606

Title 20, Education

Last Updated

Sep 23, 2026

Release point: 119-110