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16 U.S.C. § 410vv–5 — Endowment

submitted 34 years ago by Pub. L. 102-350 to r/title-16-CONSERVATION · 106 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary of the Interior can receive and spend money from an endowment set up with the Woodstock Foundation. That money must be used only for preserving and maintaining the Marsh-Billings-Rockefeller Mansion and its nearby property, as the Foundation decides together with the Secretary. Any spending must also fit the goals of the park's founding law.

(a) In general: Following subsection (b)'s conditions, the Secretary may receive and spend money from an endowment set up with the Woodstock Foundation, or whoever takes over the Foundation's role later. (b) Conditions: (1) Endowment money can only be spent on what the Woodstock Foundation (or its successor), working with the Secretary, decides should go toward preserving and maintaining the Marsh-Billings-Rockefeller Mansion and the property right around it. (2) No money from the endowment can be spent unless the Secretary decides that spending fits the purposes of this subchapter.
the actual law source: uscode.house.gov ↗public domain
(a) In general

In accordance with the provisions of subsection (b), the Secretary is authorized to receive and expend funds from an endowment to be established with the Woodstock Foundation, or its successors and assigns.

(b) Conditions
(1)

Funds from the endowment referred to in subsection (a) shall be expended exclusively as the Woodstock Foundation, or its successors and assigns, in consultation with the Secretary, may designate for the preservation and maintenance of the Marsh-Billings-Rockefeller Mansion and its immediate surrounding property.

(2)

No expenditure shall be made pursuant to this section unless the Secretary determines that such expenditure is consistent with the purposes of this subchapter.

Source credit: (Pub. L. 102–350, § 7, Aug. 26, 1992, 106 Stat. 936; Pub. L. 105–277, div. A, § 101(e) [title I, § 143], Oct. 21, 1998, 112 Stat. 2681–231, 2681–267.)

history & why it existsrecord from the source credit
  • 1992Enacted · Pub. L. 102-350 · 106 Stat. 936
  • 1998Amended · Pub. L. 105-277 · 112 Stat. 2681

A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-350 on 1992-08-26.

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