Title 43 › Chapter 31— DEPARTMENT OF THE INTERIOR › § 1474d
Half of the money the Supreme Court awarded the United States in United States of America v. State of Alaska (117 S.Ct. 1888) must go into a new Treasury account called the Environmental Improvement and Restoration Fund. The Treasury Secretary must invest that money in U.S. interest-bearing obligations. The Fund may buy bonds when first issued or buy existing bonds at market price, and it may sell them later at market price. Any interest the Fund earns becomes part of the Fund. Each year the interest earned is used this way: if later appropriation laws allow, 80 percent is split equally for the National Park Service, Fish and Wildlife Service, Bureau of Land Management, and Forest Service to pay for high-priority maintenance, upgrades, and certain oil-and-gas drainage payments to Louisiana. The Secretary must include a list of projects with the annual budget. The other 20 percent goes automatically to the Secretary of Commerce for marine research in the North Pacific, Bering Sea, and Arctic Ocean. A North Pacific Research Board reviews and recommends grants for that research. The Board includes federal agency representatives plus appointed state and stakeholder members (fishing, Alaska Natives, environment, academia, oil and gas, etc.). The Commerce Secretary reviews grants and must explain in writing if a Board recommendation is not approved. Up to 15 percent of the research money may be used for Board support and grant administration, but NOAA may raise that cap in a year when funding drops to keep the Board operating and maintain quality. Board decisions are made by a majority of five named voting members, and those five may act for the Board on or after October 1, 2000.
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Public Lands — Source: USLM XML via OLRC
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Citation
43 U.S.C. § 1474d
Title 43 — Public Lands
Last Updated
Apr 18, 2026
Release point: 119-83