Sec. 104. Trillion Trees Challenge Fund

430 words·~2 min read·/bill/117/hr/2639/ih/section-104

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There is established in the Treasury a fund to be known as the Trillion Trees Challenge Fund . For each of fiscal years 2021 through 2030, there is appropriated, out of any money in the Treasury not otherwise appropriated, $10,000,000, which shall be deposited into the Trillion Trees Challenge Fund and remain available until expended. Amounts deposited into the Trillion Trees Challenge Fund— shall be used by the Secretary to make grants, in consultation with the Philanthropic Reforestation Advisory Council, to eligible entities to carry out eligible projects described in subsection (b)(1); and may only be used if matched by the eligible entity carrying out the eligible project, on at least a 1-to-1 basis, by non-Federal funds.

For purposes of making grants under this section, the Secretary may accept cash or in-kind donations. Any cash donation accepted pursuant to subparagraph

(A)shall be credited to, and form a part of, the Fund. An eligible project described in this paragraph is an activity carried out by an eligible entity related to reforestation or conserving, managing, maintaining, and monitoring trees on State, Tribal, municipal, or private lands for the purpose of increasing forest carbon stock. The Secretary shall— annually develop a list of eligible projects to be funded from the Trillion Trees Challenge Fund, in consultation with the Philanthropic Reforestation Advisory Council; and submit the list developed pursuant to subparagraph

(A)to— the Committees on Agriculture, Nutrition, and Forestry and Energy and Natural Resources of the Senate; and the Committees on Agriculture and Natural Resources of the House of Representatives; and publish such list annually in the Federal Register. The Secretary may add an eligible project to the list described in subparagraph

(A)of paragraph

(2)and submit such addition in accordance with subparagraph

(B)of such paragraph. To be eligible to receive funding under this section, an eligible entity shall submit to the Secretary a proposal at such time, in such manner, and containing such information as the Secretary may require. The Secretary shall include in the budget materials submitted to Congress in support of the President’s annual budget request (submitted to Congress pursuant to section 1105 of title 31, United States Code) for each fiscal year a summary of the status and funding of eligible projects under this section. In this section— The term eligible entity means— a State, local, or Tribal government; a non-profit organization or educational institution; an individual; or other non-Federal entities, as determined by the Secretary. The term Philanthropic Reforestation Advisory Council means to the Advisory Council established under section 103 of the Trillion Trees Act.