§ 19h. — Property and income dealings and transactions; prohibition of engagement in business; trust company type of investments; utilization of services and facilities of Federal agencies without reimbursement; transfer instrument requirements and investments.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC19h]
TITLE 16--CONSERVATION
CHAPTER 1--NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES
SUBCHAPTER III--NATIONAL PARK FOUNDATION
Sec. 19h. Property and income dealings and transactions;
prohibition of engagement in business; trust company type of
investments; utilization of services and facilities of Federal
agencies without reimbursement; transfer instrument requirements
and investments
Except as otherwise required by the instrument of transfer, the
Foundation may sell, lease, invest, reinvest, retain, or otherwise
dispose of or deal with any property or income thereof as the Board may
from time to time determine. The Foundation shall not engage in any
business, nor shall the Foundation make any investment that may not
lawfully be made by a trust company in the District of Columbia, except
that the Foundation may make any investment authorized by the instrument
of transfer, and may retain any property accepted by the Foundation. The
Foundation may utilize the services and facilities of the Department of
the Interior and the Department of Justice, and such services and
facilities may be made available on request to the extent practicable
with or without reimbursement therefor. Monies reimbursed to either
Department shall be returned by the Department to the account from which
the funds for which the reimbursement is made were drawn and may,
without further appropriation, be expended for any purpose for which
such account is authorized.
(Pub. L. 90-209, Sec. 4, Dec. 18, 1967, 81 Stat. 656; Pub. L. 106-176,
title III, Sec. 305, Mar. 10, 2000, 114 Stat. 33.)
Amendments
2000--Pub. L. 106-176 inserted ``with or'' before ``without'' and
inserted at end ``Monies reimbursed to either Department shall be
returned by the Department to the account from which the funds for which
the reimbursement is made were drawn and may, without further
appropriation, be expended for any purpose for which such account is
authorized.''
