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20 U.S.C. § 5606 — Establishment of Morris K. Udall and Stewart L. Udall Trust Fund

Federal law — U.S. Code and appendices · legal_authorities

20 U.S.C. § 5606 — Establishment of Morris K. Udall and Stewart L. Udall Trust Fund

**(a) Establishment of Trust Fund** There is established in the Treasury of the United States a trust fund to be known as the “Morris K. Udall and Stewart L. Udall Trust Fund” to be administered by a Foundation. The Trust Fund shall consist of amounts appropriated to it pursuant to [section 5609(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section5609/a&num=0&edition=prelim) and amounts credited to it under subsection (b). **(b) Investment of Trust Fund assets** (1) **11 So in original. No par. (2) has been enacted. In general.—** — It shall be the duty of the Secretary of the Treasury to invest, at the direction of the Foundation Board, in full the amounts appropriated to the Trust Fund. Such investments shall be in public debt securities with maturities suitable to the needs of the Trust Fund. Investments in public debt securities shall bear interest “at rates determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States” of comparable maturity. Beginning on October 1, 2023, and thereafter, interest earned from investments made with any new appropriations to the Trust Fund shall only be available subject to appropriations and is authorized to be appropriated to carry out the provisions of this chapter.

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Source file: Laws/federal/codes/united-states-code/title-20/section-5606-establishment-of-morris-k-udall-and-stewart-l-udall-trust-fund--5fc857db1e.md
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Source location: Title 20, Chapter 66, § 5606; chapter-066-morris-k-udall-and-stewart-l-udall-foundation.md

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Federal law — U.S. Code and appendices · legal_authorities

20 U.S.C. § 5602 — Definitions

For the purposes of this chapter— (1) the term “Board” means the Board of Trustees of the Foundation established under [section 5603(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section5603/b&num=0&edition=prelim); (2) the term “Center” means the Udall Center for Studies in Public Policy established in 1987 at the University of Arizona, and includes the Native Nations Institute; (3) the term “collaboration” means to work in partnership with other entities for the purpose of— (A) resolving disputes; (B) addressing issues that may cause or result in disputes; or (C) streamlining and enhancing Federal, State, or tribal environmental and natural resource decision-making processes or procedures that may result in a dispute or conflict; (4) the term “eligible individual” means a citizen or national of the United States or a permanent resident alien of the United States; (5) the term “environmental dispute” means a dispute or conflict relating to the environment, public lands, or natural resources; (6) the term “Foundation” means the Morris K. Udall and Stewart L. Udall Foundation established under [section 5603(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section5603/a&num=0&edition=prelim); (7) the term “institution of higher education” has the same meaning given to such term by [section 1001(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1001/a&num=0&edition=prelim); (8) the term “National Center” means the John S. McCain III National Center for Environmental Conflict Resolution established pursuant to [section 5605(a)(1)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section5605/a/1/B&num

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Federal law — U.S. Code and appendices · legal_authorities

20 U.S.C. § 5607a — Environmental Dispute Resolution Fund

**(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 5609(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section5609/b&num=0&edition=prelim) and amounts paid into the Fund under [section 5607b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section5607b&num=0&edition=prelim). **(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 5606 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section5606&num=0&edition=prelim). **(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**

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Federal law — U.S. Code and appendices · legal_authorities

20 U.S.C. § 5606 — Establishment of Morris K. Udall and

Page 1285 TITLE 20—EDUCATION § 5607 1 So in original. No par. (2) has been enacted. Subsec. (a)(1)(D). Pub. L. 116–94, § 305(1)(A)(ii), redesig- nated subpar. (D) as (B). Subsec. (a)(5), (6). Pub. L. 116–94, § 305(1)(B), (D), added pars. (5) and (6) and struck out former par. (5) which re- lated to awarding of grants for various purposes. Former par. (6) redesignated (7). Subsec. (a)(7). Pub. L. 116–94, § 305(1)(C), (E), redesig- nated par. (6) as (7) and substituted ‘‘the papers of Mor- ris K. Udall and Stewart L. Udall’’ for ‘‘Morris K. Udall’s papers’’. Former par. (7) redesignated (8). Subsec. (a)(8). Pub. L. 116–94, § 305(1)(C), redesignated par. (7) as (8). Subsec. (a)(9). Pub. L. 116–94, § 305(1)(F), added par. (9). Subsec. (c). Pub. L. 116–94, § 305(2), added subsec. (c) and struck out former subsec. (c). Prior to amendment, text read as follows: ‘‘The Foundation shall determine the priority of the programs to be carried out under this chapter and the amount of funds to be allocated for such programs. However, not less than 50 percent shall be utilized for the programs set forth in section 5604(a)(2) of this title, section 5604(a)(3) of this title, and section 5604(a)(4) of this title, not more than 15 percent shall be used for salaries and other administrative pur- poses, and not less than 20 percent shall be appro- priated to the Center for section 5604(a)(5) of this title, section 5604(a)(6) of this title, and section 5604(a)(7) of this title conditioned on a 25-percent match from other sources and further conditioned on adequate space at the Center being made available for the Executive Di- rector and other appropriate staff of the Foundation by the Center.’’ Subsec. (d). Pub. L. 116–94, § 305(3), added subsec. (d). 2009—Subsec. (a)(

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