Page:United States Statutes at Large Volume 100 Part 2.djvu/508

 100 STAT. 1610 ••

PUBLIC LAW 99-498—OCT. 17, 1986



(2) The President of the Institute shall provide for the deposit into the trust fund described in paragraph (1)— (A) of a capital contribution by the Institute in an amount ^^^, equal to the amount of each Federal contribution; and (B) any earnings on the funds deposited under paragraph (1) or subparagraph (A). (3) Funds in the trust fund described in paragraph (1) shall be, invested in a manner as to insure the accumulation of interest thereon at a rate not less than that generally available for similar funds deposited at the same banking or savings institution for the same period or periods of time. (4) If at any time the Institute withdraws any capital contribution made by the Institute to the trust fund described in paragraph (1), an equal amount of Federal capital contribution shall be withdrawn from such trust fund and returned to the Treasury as miscellaneous receipts. (5) No part of the net earnings of the trust fund described in ' V paragraph (1) shall inure to the benefit of any private person. (6) The President of the Institute shall provide for such other provisions governing the trust fund described in paragraph (1) as may be necessary to protect the financial interest of the United States and to promote the purpose of this title as are agreed to by the Secretary and the Institute, including recordkeeping procedures for the expenditure of accumulated interest which allow the Secretary to audit and monitor programs and activities conducted with such interest. (b) USE OF FUNDS.—Interest deposited pursueuit to subsection •i-' £ - >^ (a)(2)(B) in the trust fund described in subsection (a)(1) may be periodically withdrawn and used, at the discretion of the Institute, to defray any expenses associated with the operation of the Institute, including expense of operations and maintenance, administration, academic and support personnel, community and student services programs, and technical assistance. (c) CoMPUANCE WITH MATCHING REQUIREMENT.—For the purpose (a)(2)(A), the Institute may use funds which are available from any private or tribal source. (d) ALLOCATION OF FUNDS.—From the amount appropriated pursuant to section 1521(a), the Secretary shall allocate to the Institute an amount for a Federal capital contribution equal to the amount which the Institute demonstrates has been placed within the control of, or irrevocably committed to the use of, the Institute and is available for deposit as a capital contribution of that Institute in accordance with subsection (a). PART B—NATIVE HAWAIIANS 20 USC 4441.
 * 41 ^ of complying with the contribution requirement of subsection

SEC. 1521. PROGRAM FOR NATIVE HAWAIIAN CULTURE AND ARTS DEVELOPMENT.

(a) IN GENERAL.—The Secretary of the Interior is authorized to make grants for the purpose of supporting a program for Native Hawaiian culture and arts development to any private, nonprofit organization or institution which— (1) primarily serves and represents Native Hawaiians, and

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