20 U.S.C. § 76m — Photovoltaic system

Page 31 TITLE 20—EDUCATION § 76o 1976—Subsec. (e). Pub. L. 94–578 substituted provisions authorizing appropriations for fiscal years ending Sept. 30, 1978, and Sept. 30, 1979, for provisions covering fiscal years ending Sept. 30, 1976, Sept. 30, 1977, and transi- tional period ending Sept. 30, 1976. 1975—Subsec. (e). Pub. L. 94–119, § 1, inserted provi- sions authorizing appropriations for fiscal year ending June 30, 1976, for the transitional period ending Sept. 30, 1976, and for fiscal year ending Sept. 30, 1977. Subsec. (f). Pub. L. 94–119, § 2, added subsec. (f). 1973—Subsec. (e). Pub. L. 93–67 substituted provisions authorizing appropriations not to exceed $2,400,000 for fiscal year ending June 30, 1974, and $2,500,000 for fiscal year ending June 30, 1975, for provision granting gen- eral authorization of appropriation for fiscal year end- ing June 30, 1973. 1972—Subsec. (e). Pub. L. 92–313 added subsec. (e). 1964—Subsec. (c). Pub. L. 88–260, § 1(4), inserted ‘‘and to Congress’’ after ‘‘Smithsonian Institution’’. Subsec. (d). Pub. L. 88–260, § 1(5), added subsec. (d). 1963—Subsec. (a). Pub. L. 88–100 substituted ‘‘twelve’’ for ‘‘eight’’ after ‘‘vacancies and’’. Statutory Notes and Related Subsidiaries TERMINATION OF REPORTING REQUIREMENTS For termination, effective May 15, 2000, of provisions in subsec. (c) of this section relating to submitting an- nual report to Congress, see section 3003 of Pub. L. 104–66, as amended, set out as a note under section 1113 of Title 31, Money and Finance, and page 192 of House Document No. 103–7. AWARD OF SERVICE CONTRACTS Pub. L. 100–446, title I, Sept. 27, 1988, 102 Stat. 1782, provided: ‘‘That contracts hereafter awarded for envi- ronmental systems, housekeeping, protection systems, and repair or renovation of buildings of the John F. Kennedy Center for the Performing Arts may be nego- tiated with selected contractors and awarded on the basis of contractor qualifications as well as price.’’ § 76m. Photovoltaic system (a) In general The Board may study, plan, design, engineer, and construct a photovoltaic system for the main roof of the John F. Kennedy Center for the Performing Arts. (b) Report Not later than 60 days before beginning con- struction of the photovoltaic system pursuant to subsection (a), the Board shall submit to the Committee on Transportation and Infrastruc- ture of the House of Representatives and the Committee on Environment and Public Works of the Senate a report on the feasibility and design of the project. (Pub. L. 85–874, § 7, as added, Pub. L. 110–338, § 3, Oct. 3, 2008, 122 Stat. 3731.) Editorial Notes PRIOR PROVISIONS A prior section 76m, Pub. L. 85–874, § 7, Sept. 2, 1958, 72 Stat. 1700; Pub. L. 86–297, Sept. 21, 1959, 73 Stat. 573; Pub. L. 88–100, § 4, Aug. 19, 1963, 77 Stat. 128; Pub. L. 88–260, § 1(2), Jan. 23, 1964, 78 Stat. 4; Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, which related to termi- nation of offices created and appointments made in connection with John F. Kennedy Center for the Per- forming Arts if moneys were not found to construct the Center within eight years after Sept. 2, 1958, was re- pealed by Pub. L. 101–449, § 3, Oct. 22, 1990, 104 Stat. 1050. § 76n. Repealed. Pub. L. 101–449, § 3, Oct. 22, 1990, 104 Stat. 1050 Section, Pub. L. 85–874, § 8, as added Pub. L. 88–260, § 1(6), Jan. 23, 1964, 78 Stat. 4; amended Pub. L. 91–90, § 1(a), Oct. 17, 1969, 83 Stat. 135; Pub. L. 92–313, § 9, June 16, 1972, 86 Stat. 222; Pub. L. 95–50, § 1, June 20, 1977, 91 Stat. 232, authorized appropriations for construction, repair, renovation, and reconstruction of John F. Ken- nedy Center for the Performing Arts. § 76o. Borrowing authority to finance parking fa- cilities (a) Revenue bonds To finance necessary parking facilities for the Center, the Board may issue revenue bonds to the Secretary of the Treasury payable from rev- enues accruing to the Board. The total face value of all bonds so issued shall not be greater than $20,400,000. Such obligations shall have ma- turities agreed upon by the Board and the Sec- retary of the Treasury but not in excess of fifty years. Such obligations may be redeemable at the option of the Board before maturity in such manner as may be stipulated in such obliga- tions, but the obligations thus redeemed shall not be refinanced by the Board. The Secretary of the Treasury is authorized and directed to pur- chase any obligations of the Board to be issued under this section and for such purpose the Sec- retary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under chapter 31 of title 31 and the purposes for which securities may be issued under chapter 31 of title 31 are ex- tended to include any purchases of the Board’s obligations under this section. (b) Interest Effective as of October 12, 1984, the obligations of the Board incurred under subsection (a) of this section shall bear no interest, and the re- quirement of the Board to pay the unpaid inter- est which has accrued on such obligations is ter- minated. (c) Kennedy Center Revenue Bond Sinking Fund There is hereby established in the Treasury of the United States a sinking fund, the Kennedy Center Revenue Bond Sinking Fund (hereinafter referred to as the ‘‘Fund’’), which shall be used to retire the obligations of the Board incurred under subsection (a) of this section upon the re- spective maturities of such obligations. The Board shall pay into the Fund, beginning on January 1, 1987 and ending on January 1, 2016, the annual sum of $200,000 in amortization of the principal amount of the obligations. Such sums shall be invested by the Secretary of the Treas- ury in public debt securities with maturities suitable for the needs of the Fund and bearing interest at rates determined by the Secretary of the Treasury, taking into consideration the cur- rent average market yield on outstanding mar- ketable obligations of the United States of com- parable maturities. The interest on such invest- ments shall be credited to and form a part of the Fund. Moneys in the Fund shall be used exclu- sively to retire the obligations of the Board in- curred under subsection (a) of this section. Ad- justments of not greater than plus or minus 5 per centum may be made from time to time in