134 STAT. 683 PUBLIC LAW 116–152—AUG. 4, 2020
may include resolving directly related infrastructure defi-
ciencies of the asset that would not by itself be classified
as deferred maintenance.
‘‘§ 200402. National Parks and Public Land Legacy Restora-
tion Fund
‘‘(a) E
STABLISHMENT
.—There is established in the Treasury of
the United States a fund to be known as the ‘National Parks
and Public Land Legacy Restoration Fund’.
‘‘(b) D
EPOSITS
.—
‘‘(1) I
N GENERAL
.—Except as provided in paragraph (2),
for each of fiscal years 2021 through 2025, there shall be
deposited in the Fund an amount equal to 50 percent of all
energy development revenues due and payable to the United
States from oil, gas, coal, or alternative or renewable energy
development on Federal land and water credited, covered, or
deposited as miscellaneous receipts under Federal law in the
preceding fiscal year.
‘‘(2) M
AXIMUM AMOUNT
.—The amount deposited in the Fund
under paragraph (1) shall not exceed $1,900,000,000 for any
fiscal year.
‘‘(3) E
FFECT ON OTHER REVENUES
.—Nothing in this section
affects the disposition of revenues that—
‘‘(A) are due to the United States, special funds, trust
funds, or States from mineral and energy development
on Federal land and water; or
‘‘(B) have been otherwise appropriated—
‘‘(i) under Federal law, including—
‘‘(I) the Gulf of Mexico Energy Security Act
of 2006 (43 U.S.C. 1331 note; Public Law 109–
432); and
‘‘(II) the Mineral Leasing Act (30 U.S.C. 181
et seq.); or
‘‘(ii) from—
‘‘(I) the Land and Water Conservation Fund
established under chapter 2003; or
‘‘(II) the Historic Preservation Fund estab-
lished under chapter 3031.
‘‘(c) A
VAILABILITY OF
F
UNDS
.—Amounts deposited in the Fund
shall be available to the Secretary and the Secretary of Agriculture,
as provided in subsection (e), without further appropriation or fiscal
year limitation.
‘‘(d) I
NVESTMENT OF
A
MOUNTS
.—
‘‘(1) I
N GENERAL
.—The Secretary may request the Secretary
of the Treasury to invest any portion of the Fund that is
not, as determined by the Secretary, in consultation with the
Secretary of Agriculture, required to meet the current needs
of the Fund.
‘‘(2) R
EQUIREMENT
.—An investment requested under para-
graph (1) shall be made by the Secretary of the Treasury
in a public debt security—
‘‘(A) with a maturity suitable to the needs of the Fund,
as determined by the Secretary; and
‘‘(B) bearing interest at a rate determined by the Sec-
retary of the Treasury, taking into consideration current
market yields on outstanding marketable obligations of
the United States of comparable maturity.
Consultation.
Determination.
54 USC 200402.
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