Sec. 503. NIST Facilities Modernization Fund
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There is established in the Treasury of the United States a fund to be known as the NIST Facilities Modernization Fund (hereafter in this section referred to as the Fund ). Amounts in the Fund shall be available to Secretary, acting through the Director, for Capital Projects on the National Institute of Standards and Technology’s campuses for the modernization and construction of research facilities needed to conduct leading edge scientific and technical research. The Funds shall consist of the following amounts:
Such amounts as may be appropriated by law. Interest earned on the balance of the Fund. Of the funds authorized to be appropriated in section 302 of this Act for the construction and maintenance of facilities, $80,000,000 for each of the fiscal years 2022 through 2031 shall be provided for the Fund established in subsection (a). Amounts in the Fund are available without regard to fiscal year limitation. Upon making any obligation or expenditure of any amount in the Fund, the Secretary, through the Director, shall notify the House of Representatives Science, Space, and Technology Committee, the Senate Committee on Commerce, Science, and Transportation, the Committee on Appropriations of the House of Representatives and the Committee on Appropriations of the Senate of the amount and purpose of the obligation or expenditure.
To carry out the program authorized in subsection (a), the Secretary, acting through the Director, shall develop and submit to Congress a 5-year modernization and maintenance plan for the National Institute of Standards and Technology’s campuses. The modernization and maintenance plan required in paragraph
(1)shall be submitted to Congress within 30 days of enactment of this Act, and updated on an annual basis. The Plan required in paragraph
(1)shall include the following: A list of Capitol Construction Projects expected to be undertaken in the next 5 years, the core capabilities these facilities will provide, anticipated schedule of construction, and anticipated funding requirements. A list of planned utility infrastructure projects expected to be undertaken in the next 5 years, anticipated schedule of construction, and anticipated funding requirements. A list of planned IT infrastructure projects expected to be undertaken in the next 5 years, anticipated schedule of construction, and anticipated funding requirements. A list of the deferred maintenance, a list of deferred maintenance projects expected to be undertaken in the next 5 years, anticipated schedule of construction, anticipated funding requirements, and an evaluation of progress made in reducing the deferred maintenance backlog.