Sec. 10. ENVIRONMENTAL DISPUTE RESOLUTION FUND
286 words·~1 min read·
/statute-compilations/comps-10642/sec-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 10 ENVIRONMENTAL DISPUTE RESOLUTION FUND **[**[20 U.S.C. 5607a](/us/usc/t20/s5607a)**]** ###
(a)Establishment There is established in the Treasury of the United States an Environmental Dispute Resolution Fund to be administered by the Foundation. The Fund shall consist of amounts appropriated to the Fund under section 13(b) and amounts paid into the Fund under section 11. ###
(b)Expenditures The Foundation shall expend from the Fund such sums as the Board determines are necessary to establish and operate the National Center, including such amounts as are necessary for salaries, administration, the provision of mediation and other services, and such other expenses as the Board determines are necessary, including not to exceed $1,000 annually for official reception and representation expenses. ###
(c)Distinction From Trust Fund The Fund shall be maintained separately from the Trust Fund established under section 8. ###
(d)Investment of Amounts ####
(1)In general The Secretary of the Treasury shall invest such portion of the Fund as is not, in the judgment of the Secretary, required to meet current withdrawals. ####
(2)Interest-bearing obligations Investments may be made only in interest-bearing obligations of the United States. ####
(3)Acquisition of obligations For the purpose of investments under paragraph (1), obligations may be acquired— #####
(A)on original issue at the issue price; or #####
(B)by purchase of outstanding obligations at the market price. ####
(4)Sale of obligations Any obligation acquired by the Fund may be sold by the Secretary of the Treasury at the market price. ####
(5)Credits to fund The interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to and form a part of the Fund.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 10
ENVIRONMENTAL DISPUTE RESOLUTION FUND
Cites 1Cited by 0 across 0 sources