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16 U.S.C. § 450ss–5 — Limitations on funding

submitted 29 years ago by Pub. L. 105-58 to r/title-16-CONSERVATION · 135 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law lets the Secretary put up to $5 million into an endowment fund for the Memorial. But the government can only spend that money if the Foundation matches every federal dollar with at least one private dollar. Donations count toward the match no matter when they're given.

(1) In general: To support the purposes of sections 450ss through 450ss–7, the Secretary may give the remaining part of $5,000,000 from the National Park Service's National Recreation and Preservation account to an endowment fund for the Memorial. That money stays available until it is all spent, but it is subject to the matching rule in paragraph (2). (2) Matching requirement: Money appropriated in any year to carry out sections 450ss through 450ss–7 can only be spent if it is matched — for every federal dollar spent, at least one non-federal dollar must also go toward the Memorial. Any private dollar donated to the Foundation to create, maintain, run, or endow the Memorial counts toward this match, no matter what fiscal year the donation was made in.
the actual law source: uscode.house.gov ↗public domain

Authorization of Appropriations: 1

(1) In general

In furtherance of the purposes of sections 450ss to 450ss–7 of this title, the Secretary may provide, from the National Park Service’s National Recreation and Preservation account, the remainder of the sum of $5,000,000 for an endowment fund subject to paragraph (2), to remain available until expended.

(2) Matching requirement

Amounts appropriated in any fiscal year to carry out the provisions of sections 450ss to 450ss–7 may only be expended on a matching basis in a ratio of at least one non-Federal dollar to every Federal dollar. For the purposes of this provision, each non-Federal dollar donated to the Foundation for the creation, maintenance, operation, or endowment of the Memorial shall satisfy the matching dollar requirement without regard to the fiscal year in which such donation is made.

Source credit: (Pub. L. 105–58, § 7, Oct. 9, 1997, 111 Stat. 1266; Pub. L. 108–199, div. F, title V, § 544(f), Jan. 23, 2004, 118 Stat. 348; Pub. L. 116–283, div. H, title XCV, § 9501, Jan. 1, 2021, 134 Stat. 4822.)

history & why it existsrecord from the source credit
  • 1997Enacted · Pub. L. 105-58 · 111 Stat. 1266
  • 2004Amended · Pub. L. 108-199 · 118 Stat. 348
  • 2021Amended · Pub. L. 116-283 · 134 Stat. 4822

A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-58 on 1997-10-09.

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