20 U.S.C. § 80q–7 — Audubon Terrace

(a) General requirements: The Board of Regents must: (1) make sure that, on the date a qualified successor to the Heye Foundation first takes possession of Audubon Terrace, at least 2,000 square feet there is open to the public and physically suited for exhibiting museum objects and related activities; (2) if it signs a written agreement with a qualified successor, lend that successor objects from the Smithsonian's collections to display at Audubon Terrace; and (3) if it signs a written agreement with a qualified successor, provide training, scholarship, technical, and other help (but not operating money) for the exhibit space described in (1). (b) Setting charges: Any fee the Board charges for activities under agreements in (a)(2) or (a)(3) must be based on the successor's ability to pay. (c) Definition: In this section, "qualified successor to the Heye Foundation at Audubon Terrace," "qualified successor," and "successor" all mean an organization that is tax-exempt under section 501(c)(3) and 501(a) of title 26, and that the Board of Regents determines: (1) has succeeded the Heye Foundation as occupant at Audubon Terrace, 3753 Broadway, New York; (2) is qualified to run the exhibit space for the purposes in (a)(1); and (3) is committed to making a good-faith effort to respond to the community's cultural interests in running that space.