§ 7503. National Oceans and Coastal Security Fund
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(a)Establishment The Administrator and the Foundation are authorized to establish the National Oceans and Coastal Security Fund as a tax exempt fund to further the purposes of this chapter.
(b)Deposits
(1)In general There shall be deposited into the Fund amounts appropriated or otherwise made available to carry out this chapter.
(2)Prohibitions on donations from foreign governments No amounts donated by a foreign government, as defined in section 7342 of title 5, may be deposited into the Fund.
(c)Requirements Any amounts received by the Foundation pursuant to this chapter shall be subject to the provisions of the National Fish and Wildlife Foundation Establishment Act (16 U.S.C. 3701 et seq.), except the provisions of—
(1)section 4(e)(1)(B) of that Act (16 U.S.C. 3703(e)(1)(B)); and
(2)section 10(a) of that Act (16 U.S.C. 3709(a)).
(d)Expenditure Of the amounts deposited into the Fund for each fiscal year—
(1)funds may be used by the Foundation to award grants to coastal States under section 7505(b) of this title;
(2)funds may be used by the Foundation to award grants under section 7505(c) of this title;
(3)no more than 2 percent may be used by the Administrator and the Foundation for administrative expenses to carry out this chapter, which amount shall be divided between the Administrator and the Foundation pursuant to an agreement reached and documented by both the Administrator and the Foundation.
(e)Recovery of payments After notice and an opportunity for a hearing, the Administrator is authorized to recover any Federal payments under this section if the Foundation—
(1)makes a withdrawal or expenditure from the Fund that is not consistent with the requirements of section 7504 of this title; or
(2)fails to comply with a procedure, measure, method, or standard established under section 7505(a)(1) of this title.
(Pub. L. 114–113, div. O, title IX, § 904, Dec. 18, 2015, 129 Stat. 3031.)
Connections52 cite this · traces to 7
Cited by 52 sections · top 37
public-private-law
U.S. Code
statute-compilations
bill
- Sec. 2Improvements to the National Oceans and Coastal Security Act
- Sec. 2Supplemental appropriations for the Departments of Agriculture, the Interior, Homeland Security, Labor, and Commerce
- Sec. 2Offshore wind revenues
- Sec. 319Increasing funding for coastal conservation and resilience
- Sec. 1004Improvements to the National Oceans and Coastal Security Act
- Sec. 2National Oceans and Coastal Security Fund
- Sec. 4Parity in offshore wind revenue sharing
- Sec. 2Supplemental appropriations for the Departments of Agriculture, the Interior, Homeland Security, Labor, and Commerce
- Sec. 5Additional supplemental appropriations
- Sec. 404Improvements to the National Oceans and Coastal Security Act
- Sec. 2Supplemental appropriations for the Departments of Agriculture, the Interior, Homeland Security, Labor, and Commerce
- Sec. 218Increasing funding for coastal conservation and resilience
- Sec. 903Improvements to the National Oceans and Coastal Security Act
- Sec. 2Improvements to the National Oceans and Coastal Security Act
- Sec. 2National Oceans and Coastal Security Fund; parity in offshore wind revenue sharing
- Sec. 3Gulf of Mexico outer Continental Shelf revenues
- Sec. 2Supplemental appropriations for the Departments of Agriculture, the Interior, Homeland Security, Labor, and Commerce
- Sec. 218Increasing funding for coastal conservation and resilience
- Sec. 903Improvements to the National Oceans and Coastal Security Act
- Sec. 2National Oceans and Coastal Security Fund; parity in offshore wind revenue sharing
- Sec. 2National Oceans and Coastal Security Fund; parity in offshore wind revenue sharing
- Sec. 3Gulf of Mexico outer Continental Shelf revenues
- Sec. 3Disposition of qualified revenues in Alaska
- Sec. 2National Oceans and Coastal Security Fund; parity in offshore wind revenue sharing
- Sec. 7Decarbonizing shipping and ports
- Sec. 2National Oceans and Coastal Security Fund; parity in offshore wind revenue sharing
- Sec. 3Disposition of qualified revenues in Alaska
- Sec. 2Improvements to National Oceans and Coastal Security Act
- Sec. 2National Oceans and Coastal Security Fund; parity in offshore wind revenue sharing
- Sec. 3Disposition of qualified revenues in Alaska
- Sec. 7Decarbonizing shipping and ports
- Sec. 7Decarbonizing shipping and ports
Traces to 7 documents
U.S. Code
public-private-law
3 references not yet in our index
- 129 Stat. 3031
- Pub. L. 98–244
- 98 Stat. 107
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§ 7503
National Oceans and Coastal Security Fund
Bills×46
U.S.C.×3
Pub. L.×1
Stat. Comp.×1
Stat.×1
Stat.129 Stat. 3031
Pub. L.Pub. L. 98–244
Stat.98 Stat. 107
Cites 10Cited by 52 across 5 sources