§ 698v-8. — Termination of the Trust.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC698v-8]
TITLE 16--CONSERVATION
CHAPTER 6--GAME AND BIRD PRESERVES; PROTECTION
Sec. 698v-8. Termination of the Trust
(a) In general
The Valles Caldera Trust shall terminate at the end of the twentieth
full fiscal year following acquisition of the Baca ranch under section
698v-2(a) of this title.
(b) Recommendations
(1) Board
(A) If after the fourteenth full fiscal years \1\ from the date
of acquisition of the Baca ranch under section 698v-2(a) of this
title, the Board believes the Trust has met the goals and objectives
of the comprehensive management program under section 698v-6(d) of
this title, but has not become financially self-sustaining, the
Board may submit to the Committees of Congress, a recommendation for
authorization of appropriations beyond that provided under sections
698v to 698v-10 of this title.
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\1\ So in original. Probably should be ``year''.
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(B) During the eighteenth full fiscal year from the date of
acquisition of the Baca ranch under section 698v-2(a) of this title,
the Board shall submit to the Secretary its recommendation that the
Trust be either extended or terminated including the reasons for
such recommendation.
(2) Secretary
Within 120 days after receipt of the recommendation of the Board
under paragraph (1)(B), the Secretary shall submit to the Committees
of Congress the Board's recommendation on extension or termination
along with the recommendation of the Secretary with respect to the
same and stating the reasons for such recommendation.
(c) Effect of termination
In the event of termination of the Trust, the Secretary shall assume
all management and administrative functions over the Preserve, and it
shall thereafter be managed as a part of the Santa Fe National Forest,
subject to all laws applicable to the National Forest System.
(d) Assets
In the event of termination of the Trust, all assets of the Trust
shall be used to satisfy any outstanding liabilities, and any funds
remaining shall be transferred to the Secretary for use, without further
appropriation, for the management of the Preserve.
(e) Valles Caldera Fund
In the event of termination, the Secretary shall assume the powers
of the Trust over funds under section 698v-4(h) of this title, and the
Valles Caldera Fund shall not terminate. Any balances remaining in the
fund shall be available to the Secretary, without further appropriation,
for any purpose consistent with the purposes of sections 698v to 698v-10
of this title.
(Pub. L. 106-248, title I, Sec. 110, July 25, 2000, 114 Stat. 611.)
Section Referred to in Other Sections
This section is referred to in sections 698v, 698v-1, 698v-3, 698v-
4, 698v-6, 698v-7, 698v-9, 698v-10 of this title.
