Page:United States Statutes at Large Volume 102 Part 2.djvu/248

 102 STAT. 1252 19 USC 2396.

Reports.

Securities.

PUBLIC LAW 100-418—AUG. 23, 1988

"SEC. 286. TRADE ADJUSTMENT ASSISTANCE TRUST FUND.

"(a) There is hereby established within the Treasury of the United States a trust fund to be known as the Trade Adjustment Assistance Trust Fund (hereinafter in this section referred to as the 'Trust Fund'), consisting of such amounts as may be transferred or credited to the Trust Fund as provided in this section or appropriated to the Trust Fund under subsection (e). "0)X1) The Secretary of the Treasury shall transfer to the Trust Fund out of the general fund of the Treasury of the United States amounts determined by the Secretary of the Treasury to be equivalent to the amounts received into such general fund that are attributable to the duty imposed by section 287. "(2) The amounts which are required to be transferred under paragraph (1) shall be transferred at leeist quarterly from the general fund of the Treasury of the United States to the Trust Fund on the basis of estimates made by the Secretary of the Treasury of the amounts referred to in paragraph (1) that are received into the Treasury. Proper adjustments shall be made in the amounts subsequently transferred to the extent prior estimates were in excess of, or less than, the amounts required to be transferred. "(c)(1) The Secretary of the Treasury shall be the trustee of the Trust Fund, and shall submit an annual report to the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives on the financial condition and the results of the operations of the Trust Fund during the fiscal year preceding the fiscal year in which such report is submitted and on the expected condition and operations of the Trust Fund during the fiscal year in which such report is submitted and the 5 fiscal years succeeding such fiscal year. Such report shall be printed as a House document of the session of the Congress to which the report is made. "(2)(A) The Secretary of the Treasury shall invest such portion of the Trust Fund as is not, in his judgment, required to meet current withdrawals. Such investments may be made only in interestbearing obligations of the United States. For such purpose, such obligations may be acquired— "(i) on original issue at the issue price, or "(ii) by purchase of outstanding obligations at the market price. "(B) Any obligation acquired by the Trust Fund may be sold by the Secretary of the Treasury at the market price. "(C) The interest on, and the proceeds from the sale or redemption of, any obligations held in the Trust Fund shall be credited to and form a part of the Trust Fund. "(d)(1) Amounts in the Trust Fund shall be available— "(A) for the payment of drawbacks and refunds of the duty imposed by section 287 that are allowable under any other provision of Federal law, "(B) as provided in appropriation Acts— "(i) for expenditures that are required to carry out the provisions of chapters 2 and 3, including administrative costs, and "(ii) for payments required under subsection (e)(2). "(2) None of the amounts in the Trust Fund shall be available for the payment of loans guaranteed under chapter 3 or for any other expenses relating to financial assistance provided under chapter 3.

�