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Code · BILL · 118th Congress · S. 1742 (Introduced in Senate) — To modify the requirements applicable to locatable minerals on public domain land, and for other purposes. · Sec. 401

Sec. 401. Establishment of Fund

268 words·~1 min read·/bill/118/s/1742/is/section-401

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There is established in the Treasury of the United States a separate account, to be known as the Hardrock Minerals Reclamation Fund , consisting of— any amounts authorized to be appropriated to the Fund under subsection (e); any amounts received by the United States under section 101; any amounts collected under section 102 (subject to the requirements of section 102(c)(1)); any amounts donated to the Fund by persons, corporations, associations, and foundations; any amounts collected under section 201; any amounts collected under section 303(e); any amounts collected under section 402; any amounts collected under sections 203 and 502; and any income on investments under subsection (b).
The Secretary shall notify the Secretary of the Treasury of any portion of the Fund that the Secretary determines is not required to meet current withdrawals. The Secretary of the Treasury shall invest portions of the Fund identified under paragraph
(1)in public debt securities with maturities suitable for the needs of the Fund. Investments in public debt securities shall bear 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 maturity. The Fund shall be administered by the Secretary, acting through the Director of the Bureau of Land Management. Without fiscal year limitation and without further appropriation, the Secretary shall use amounts in the Fund to carry out section 40704 of the Infrastructure Investment and Jobs Act ( 30 U.S.C. 1245 ). There are authorized to be appropriated to the Fund such sums as are necessary for fiscal year 2023 and each fiscal year thereafter.
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Sec. 401
Establishment of Fund
U.S.C.§ 1245
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