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Code · BILL · 117th Congress · H.R. 7580 (Introduced in House) — To modify the requirements applicable to locatable minerals on public domain lands, consistent with the principles of... · Sec. 401

Sec. 401. Establishment of Fund

138 words·~1 min read·/bill/117/hr/7580/ih/section-401

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There is established in the Department of the Treasury a separate account to be known as the Hardrock Minerals Reclamation Fund. The Secretary shall notify the Secretary of the Treasury as to what portion of the Fund is not, in the Secretary’s judgment, required to meet current withdrawals. The Secretary of the Treasury shall invest such portion of the Fund in public debt securities with maturities suitable for the needs of such Fund and bearing interest at rates determined by the Secretary of the Treasury, taking into consideration current market yields on outstanding marketplace obligations of the United States of comparable maturities.
In addition to other uses authorized by this title, the Secretary may use amounts in the Fund as necessary for the administrative expenses of the United States, Indian Tribes, and the States to implement this title.
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