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54 U.S.C. § 101114 — Disposition of property or income
Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority To Dispose or Deal With Property or Income.—** Except as otherwise required by the instrument of transfer, the National Park Foundation may sell, lease, invest, reinvest, retain, or otherwise dispose of or deal with any property or income from the property as the Board may determine.
**(b) Restriction.—** The National Park Foundation shall not engage in any business or make any investment that may not lawfully be made by a trust company in the District of Columbia, except that the Foundation may make any investment authorized by the instrument of transfer, and may retain any property accepted by the Foundation.
**(c) Use of Services and Facilities of the Departments of the Interior and Justice.—** The National Park Foundation may utilize the services and facilities of the Department of the Interior and the Department of Justice, and the services and facilities may be made available on request to the extent practicable with or without reimbursement. Amounts reimbursed to either Department shall be returned by the Department to the account from which the funds for which the reimbursement is made were drawn and may, without further appropriation, be expended for any purpose for which the account is authorized.
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Stable record: federal_law:legal_authorities:record_usc_1769db418331e841b8fad1b5
Source file: Laws/federal/codes/united-states-code/title-54/section-101114-disposition-of-property-or-income--4985dcf488.md
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Source location: Title 54, Chapter 1011, § 101114; chapter-1011-chapter-1011.md
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**(a) Authority To Dispose or Deal With Property or Income.—** Except as otherwise required by the instrument of transfer, the National Park Foundation may sell, lease, invest, reinvest, retain, or otherwise dispose of or deal with any property or income from the property as the Board may determine.
**(b) Restriction.—** The National Park Foundation shall not engage in any business or make any investment that may not lawfully be made by a trust company in the District of Columbia, except that the Foundation may make any investment authorized by the instrument of transfer, and may retain any property accepted by the Foundation.
**(c) Use of Services and Facilities of the Departments of the Interior and Justice.—** The National Park Foundation may utilize the services and facilities of the Department of the Interior and the Department of Justice, and the services and facilities may be made available on request to the extent practicable with or without reimbursement. Amounts reimbursed to either Department shall be returned by the Department to the account from which the funds for which the reimbursement is made were drawn and may, without further appropriation, be expended for any purpose for which the account is authorized.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 90–209, § 4, Dec. 18, 1967, 81 Stat. 656; Pub. L. 106–176, title III, § 305, Mar. 10, 2000, 114 Stat. 33, related to property and income dealings and transactions. See [section 101114 of Title 54](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title54-section101114&num=0&edition=prelim), National Park Service and Related Programs.
Source: Supplied U.S. Code snapshot — release unconfirmed · 16 U.S.C. § 19h
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Federal law — U.S. Code and appendices · legal_authorities
Page 33
TITLE 54—NATIONAL PARK SERVICE AND RELATED PROGRAMS
§ 101114
(e) QUORUM.—A majority of the members of
the Board serving at any time shall constitute a
quorum for the transaction of business.
(f) SEAL.—The National Park Foundation shall
have an official seal, which shall be judicially
noticed.
(g) MEETINGS.—The Board shall meet at the
call of the Chairman and there shall be at least
one meeting each year.
(h) COMPENSATION
AND
REIMBURSEMENT.—No
compensation shall be paid to the members of
the Board for their services as members, but
they shall be reimbursed for actual and nec-
essary traveling and subsistence expenses in-
curred by them in the performance of their du-
ties as members out of National Park Founda-
tion funds available to the Board for those pur-
poses.
(Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3120;
Pub. L. 114–289, title IV, § 401(1), Dec. 16, 2016, 130
Stat. 1488.)
HISTORICAL AND REVISION NOTES
Revised
Section
Source (U.S. Code)
Source (Statutes at Large)
101112 .........
16 U.S.C. 19f.
Pub. L. 90–209, § 2, Dec. 18,
1967, 81 Stat. 656.
In this section, the text of 16 U.S.C. 19f (2d and last
sentences in last sentences) is omitted as obsolete.
In subsection (a), the words ‘‘ex officio’’ are omitted
as unnecessary.
In subsection (b), the words ‘‘whose initial terms
shall be staggered to assure continuity of administra-
tion. Thereafter’’ are omitted as obsolete.
Editorial Notes
AMENDMENTS
2016—Subsec. (a). Pub. L. 114–289, § 401(1)(A), amended
subsec. (a) generally. Prior to amendment, text read as
follows: ‘‘The National Park Foundation shall consist
of a Board having as members the Secretary, the Direc-
tor, and no fewer than 6 private citizens of the United
States appointed by the Secretary.’’
Subsec. (c). P
Source: Supplied 2024 U.S. Code historical extraction · 54 U.S.C. § 101114
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