Sec. 312. Method of funding for cooperative agreements under the Sikes Act
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Subsection
(b)of section 103A of the Sikes Act ( 16 U.S.C. 670c–1 ) is amended— by inserting
(1)before Funds ; and by adding at the end the following new paragraphs: In the case of a cooperative agreement under subsection (a)(2), such funds— may be paid in a lump sum and include an amount intended to cover the future costs of the natural resource maintenance and improvement activities provided for under the agreement; and may be placed by the recipient in an interest-bearing or other investment account, and any interest or income shall be applied for the same purposes as the principal. If any funds are placed by a recipient in an interest-bearing or other investment account under paragraph (2)(B), the Secretary of Defense shall report biennially to the congressional defense committees on the disposition of such funds. . Subsection
(c)of such section is amended to read as follows: Cooperative agreements and interagency agreements entered into under this section shall be subject to the availability of funds. Notwithstanding chapter 63 of title 31, United States Code, a cooperative agreement under this section may be used to acquire property or services for the direct benefit or use of the United States Government. .
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- 16 USC 670c–1
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Sec. 312
Method of funding for cooperative agreements under the Sikes Act
Cite16 USC 670c–1
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