§ 5606. Establishment of Morris K. Udall and Stewart L. Udall Trust Fund

Footnotes

1. 1 So in original. No par. (2) has been enacted.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1992

   Morris K. Udall Scholarship and Excellence in National Environmental and Native American Public Policy Act of 1992

   Pub. L. 102–259 § 8 · 106 Stat. 78

   Enacted · 20 U.S.C. § 5606

   Pub. L. 102–259, § 8, Mar. 19, 1992, 106 Stat. 82

   Source evidence

   Code source credit
   Pub. L. 102–259, § 8, Mar. 19, 1992, 106 Stat. 82

   Enacted provision · exact public law section
   SEC. 8. ESTABLISHMENT OF THE MORRIS K. UDALL SCHOLARSHIP AND EXCELLENCE IN NATIONAL ENVIRONMENTAL POLICY TRUST FUND. (a) Establishment of Fund.— There is established in the Treasury of the United States a trust fund to be known as the “Morris K Udall Scholarship and Excellence in National Environmental Policy Trust Fund” to be administered by a Foundation. The fund shall consist of amounts appropriated to it pursuant to section 11 and amounts credited to it under subsection (o). (b) Investment of Fund Assets.— (1) 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 Fund. Such investments shall be in public debt securities with maturities suitable to the needs of the 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.

2. 1998

   Pub. L. 105–156 § 9(a) · 112 Stat. 8

   1. Substituted · 20 U.S.C. § 5606(a)

      Pub. L. 105–156, § 9(a), substituted “The Trust Fund” for “The fund”

   2. Substituted · 20 U.S.C. § 5606(a)

      Pub. L. 105–156, § 9(a), substituted “5609(a)” for “5609”

   Source evidence

   Code amendment note
   Subsec. (a). Pub. L. 105–156, § 9(a), substituted “The Trust Fund” for “The fund” and “5609(a)” for “5609”.

   Enacted provision · exact public law section
   (a) The second sentence of section 8(a) of the Morris K. Udall Scholarship and Excellence in National Environmental and Native American Public Policy Act of 1992 (20 U.S.C. 5606) is amended— (1) by striking “fund” and inserting “Trust Fund”; and (2) by striking “section 11” and inserting “section 13(a)”.

3. 1998

   Pub. L. 105–156 § 9(b) · 112 Stat. 8

   Substituted · 20 U.S.C. § 5606(b)(1)

   Pub. L. 105–156, § 9(b), substituted “Trust Fund” for “Fund” in two places

   Source evidence

   Code amendment note
   Subsec. (b)(1). Pub. L. 105–156, § 9(b), substituted “Trust Fund” for “Fund” in two places.

   Enacted provision · exact public law section
   (b) Sections 7(a)(6), 8(b), and 9(a) of the Morris K. Udall Scholarship and Excellence in National Environmental and Native American Public Policy Act of 1992 (20 U.S.C. 5605(a)(6), 5606(b), and 5607(a)) are each amended by striking “Fund” and inserting “Trust Fund” each place it appears.

4. 2009

   Morris K. Udall Scholarship and Excellence in National Environmental Policy Amendments Act of 2009

   Pub. L. 111–90 § 7 · 123 Stat. 2976

   Substituted · 20 U.S.C. § 5606

   Pub. L. 111–90 substituted “and Stewart L. Udall” for “Scholarship and Excellence in National Environmental Policy” in section catchline and in subsec. (a)

   Source evidence

   Code amendment note
   Pub. L. 111–90 substituted “and Stewart L. Udall” for “Scholarship and Excellence in National Environmental Policy” in section catchline and in subsec. (a).

   Enacted provision · exact public law section
   SEC. 7. ESTABLISHMENT OF TRUST FUND.   Section 8 of the Morris K. Udall and Stewart L. Udall Foundation Act (20 U.S.C. 5606) is amended— (1) in the section heading, by striking “scholarship and excellence in national environmental policy” and inserting “and stewart l. udall”; and (2) in subsection (a), by striking “Scholarship and Excellence in National Environmental Policy” and inserting “and Stewart L. Udall”.

5. 2024

   Pub. L. 118–47 div. G title II § 202 · 138 Stat. 858

   Inserted · 20 U.S.C. § 5606(b)(1)

   Pub. L. 118–47 inserted at end “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.”

   Unresolved: Pub. L. 118–47 was not found in the local Statutes at Large index.

   Source evidence

   Code amendment note
   Subsec. (b)(1). Pub. L. 118–47 inserted at end “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.”

5 of 6 references resolved to an enrolled provision · 1 unresolved