PRIA Logo™
Title 51 — National and Commercial Space ProgramsRelease 119-73not60

§40901 Science, Space, and Technology Education Trust Fund

Title 51 › Subtitle Subtitle IV— Aeronautics and Space Research and Education › Chapter 409— MISCELLANEOUS › § 40901

Last updated Apr 5, 2026|Official source

Summary

Creates a Science, Space, and Technology Education Trust Fund in the U.S. Treasury by transferring $15,000,000 from the 1989 HUD appropriations act. The Treasury Secretary must invest the money in special U.S. Treasury securities and credit interest to the fund quarterly. That interest will pay competitive grants to improve science, space, and technology education. The Administrator, after consulting the NSF Director, awards grants competitively and requires matching funds from non‑Federal sources. The fund must pay $250,000 each calendar quarter to the Challenger Center, and the Administrator must send Congress an annual report.

Full Legal Text

Title 51, §40901

National and Commercial Space Programs — Source: USLM XML via OLRC

There is appropriated, by transfer from funds appropriated in the Department of Housing and Urban Development—Independent Agencies Appropriations Act, 1989 (Public Law 100–404, 102 Stat. 1014), for “Construction of facilities”, the sum of $15,000,000 to the “Science, Space, and Technology Education Trust Fund”, which is hereby established in the Treasury of the United States. The Secretary of the Treasury shall invest these funds in the United States Treasury special issue securities, and interest shall be credited to the Trust Fund on a quarterly basis. Such interest shall be available for the purpose of making grants for programs directed at improving science, space, and technology education in the United States. The Administrator, after consultation with the Director of the National Science Foundation, shall review applications made for such grants and determine the distribution of available funds on a competitive basis. Grants shall be made available to any awardee only to the extent that the awardee provides matching funds from non-Federal sources to carry out the program for which grants from this Trust Fund are made. Of the funds made available by this Trust Fund, $250,000 shall be disbursed each calendar quarter to the Challenger Center for Space Science Education. The Administrator shall submit to Congress an annual report on the grants made pursuant to this section.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 4090142 U.S.C. 2467.Pub. L. 100–404, title II, (par. under heading “Science, Space, and Technology Education Trust Fund”, at 102 Stat. 1028), Aug. 19, 1988, 102 Stat. 1028; Pub. L. 103–327, title III, Sept. 28, 1994, 108 Stat. 2328. In the first sentence, the words “the Department of Housing and Urban Development—Independent Agencies Appropriations Act, 1989 (Public Law 100–404, 102 Stat. 1014)” are substituted for “this Act” to clarify the reference. In the second sentence, the words “of the Treasury” are inserted after “the Secretary” for clarity. In the sixth sentence, the word “hereafter”, which appeared after “each calendar quarter”, is omitted as unnecessary.

Reference

Citations & Metadata

Citation

51 U.S.C. § 40901

Title 51 — National and Commercial Space Programs

Last Updated

Apr 5, 2026

Release point: 119-73not60