§ 6304. — Great Ape Conservation Fund.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC6304]
TITLE 16--CONSERVATION
CHAPTER 82--GREAT APE CONSERVATION
Sec. 6304. Great Ape Conservation Fund
(a) Establishment
There is established in the Multinational Species Conservation Fund
a separate account to be known as the ``Great Ape Conservation Fund'',
consisting of--
(1) amounts transferred to the Secretary of the Treasury for
deposit into the Fund under subsection (e) of this section;
(2) amounts appropriated to the Fund under section 6305 of this
title; and
(3) any interest earned on investment of amounts in the Fund
under subsection (c) of this section.
(b) Expenditures from Fund
(1) In general
Subject to paragraph (2), upon request by the Secretary, the
Secretary of the Treasury shall transfer from the Fund to the
Secretary, without further appropriation, such amounts as the
Secretary determines are necessary to provide assistance under
section 6303 of this title.
(2) Administrative expenses
Of the amounts in the account available for each fiscal year,
the Secretary may expand \1\ not more than 3 percent, or up to
$80,000, whichever is greater, to pay the administrative expenses
necessary to carry out this chapter.
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\1\ So in original. Probably should be ``expend''.
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(c) Investment of amounts
(1) In general
The Secretary of the Treasury shall invest such portion of the
Fund as is not, in the judgment of the Secretary of the Treasury,
required to meet current withdrawals. Investments may be made only
in interest-bearing obligations of the United States.
(2) Acquisition of obligations
For the purpose of investments under paragraph (1), obligations
may be acquired--
(A) on original issue at the issue price; or
(B) by purchase of outstanding obligations at the market
price.
(3) Sale of obligations
Any obligation acquired by the Fund may be sold by the Secretary
of the Treasury at the market price.
(4) Credits to Fund
The interest on, and the proceeds from the sale or redemption
of, any obligations held in the Fund shall be credited to and form a
part of the Fund.
(d) Transfers of amounts
(1) In general
The amounts required to be transferred to the Fund under this
section shall be transferred at least monthly from the general fund
of the Treasury to the Fund on the basis of estimates made by the
Secretary of the Treasury.
(2) Adjustments
Proper adjustment shall be made in amounts subsequently
transferred to the extent prior estimates were in excess of or less
than the amounts required to be transferred.
(e) Acceptance and use of donations
The Secretary may accept and use donations to provide assistance
under section 6303 of this title. Amounts received by the Secretary in
the form of donations shall be transferred to the Secretary of the
Treasury for deposit into the Fund.
(Pub. L. 106-411, Sec. 5, Nov. 1, 2000, 114 Stat. 1793.)
Section Referred to in Other Sections
This section is referred to in section 6302 of this title.
