Page:United States Statutes at Large Volume 103 Part 2.djvu/965

 PUBLIC LAW 101-233—DEC. 13, 1989 103 STAT. 1975 "(A) acquire obligations at the issue price and purchase outstanding obligations at the market price; and "(B) sell obligations held in the fund at the market price. "(2) The interest on obligations held in the fund— "(A) shall be credited to the fund; "(B) constitute the sums available for allocation by the Sec- retary under section 8 of the North American Wetlands Con- servation Act; and "(C) shall become available for apportionment under this Act at the beginning of fiscal year 2006.', (2) Section 4(a) of the Act of September 2, 1937 (16 U.S.C. 669c(a)), is amended by inserting "(excluding interest accruing under section 3(b))" after "revenues" in the first sentence thereof. (3) The amendments made by this subsection of this Act take Effective date, effect October 1, 1989. 16 USC 669b (b) MIGRATORY BIRD FINES, PENALTIES, FORFEITURES.—The sums ^°^- received under section 6 of the Migratory Bird Treaty Act (16 U.S.C. 707) as penalties or fines, or from forfeitures of property are au- thorized to be appropriated to the Department of the Interior for purposes of allocation under section 8 of this Act. This subsection shall not be construed to require the sale of instrumentalities. (c) AUTHORIZATION OF APPROPRIATIONS. —In addition to the amounts made available under subsections (a) and (b) of this section, there are authorized to be appropriated to the Department of the Interior for purposes of allocation under section 8 of this Act not to exceed $15,000,000 for each of fiscal years 1991, 1992, 1993, and 1994. (d) AVAILABILITY OF FUNDS.— Sums made available under this section shall be available until expended. SEC. 8. ALLOCATION OF AMOUNTS AVAILABLE TO CARRY OUT THIS ACT. 16 USC 4407. (a) ALLOCATIONS. — Of the sums available to the Secretary for any fiscal year under this Act and section 3(b) of the Federal Aid in Wildlife Restoration Act (16 U.S.C. 669b(b)), as amended by this Act— (1) such percentage of that sum (but at least 50 per centum and not more than 70 per centum thereof) as is considered appropriate by the Secretary, which can be matched with non- Federal moneys in accordance with the requirements of subsec- tion (b) of this section, less such amount (but not more than 4 per centum of such percentage) considered necessary by the Secretary to defray the costs of administering this Act during such fiscal year, shall be allocated by the Secretary to carry out approved wetlands conservation projects in Canada and Mexico in accordance with section 6(b) of this Act; and (2) the remainder of such sum after paragraph (1) is applied (but at least 30 per centum and not more than 50 per centum thereof), which can be matched with non-Federal moneys in accordance with the requirements of subsection (b) of this sec- tion, shall be allocated by the Secretary to carry out approved wetlands conservation projects in the United States in accord- ance with section 6(a) of this Act. (b) FEDERAL CONTRIBUTION FOR PROJECTS.— The Federal moneys allocated under subsection (a) of this section for any fiscal year to carry out approved wetlands conservation projects shall be used for the payment of not to exceed 50 per centum of the total United States contribution to the costs of such projects, or may be used for payment of 100 per centum of the costs of such projects located on

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