Page:United States Statutes at Large Volume 104 Part 5.djvu/233

 PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3555 (4) to ensure that our descendants will be able to share their ancestors' pride when referring to their land as "America the Beautiful". (b) AUTHORITY.—The President is authorized to designate a pri- President. vate nonprofit organization Qiereafter in this section referred to as the "Foundation) as eligible to receive funds pursuant to subsections (d) and (e) upon determining that such organization can, consistent with its charter, carry out the purpc^s stated in subsection (a), and that the officers of such organization have the experience and expertise necessary to direct the activities of the organization. Nothing in this section shall be construed to make officers, employees, or members of the board of directors of the Foundation officers or employees of the United States. The Foundation shall be a private and nonprofit organization and not an agency or establishment of the United States. (c) IMPLEMENTATION. —The Foundation shall carry out this section in accordance with the purposes stated in subsection (a). (d) FUNDING.— For fiscal year 1991, the Secretary is authorized to maike a grant of not to exceed $25,000,000 to the Foundation. (e) USE OF FUNDS. —Funds made available pursuant to subsection (d) shall be granted to the Foundation by the Secretary to enable the Foundation to carry out the purposes specified in subsection (a). (f) INTEREST. — Notwithstanding any other provision of law, the Foundation may hold funds made available pursuant to subsection (e) in interest-bearing accounts prior to the disbursement of the funds for purposes specified in subsection (a) and may retain to carry out such purposes any interest earned on the deposits. (g) LIMITATIONS ON USES OF FUNDS. — (1) IN GENERAL.— The Foundation may use funds provided by this section only for making grants to qualified organizations, municipalities, counties, towns and townships for the implementation of projects and activities that are consistent with the purposes specified in subsection (a). (2) QUALIFIED ORGANIZATIONS.— For the purposes of this section, qualified organizations shall consist of those organizations that meet the requirements of section 501(c)(3) of the Internal Revenue Code of 1986 (26 U.S.C. 501(c)(3)) and have demonstrated a capability to implement the project or activity for which the Foundation funds will be used. (h) COMPENSATION FROM OUTSIDE SOURCES. —An officer or employee of the Foundation may not receive any salary or other compensation for services rendered to the Foundation from any source other than the Foundation. (i) STOCK AND DIVIDENDS.—The Foundation shall not issue any shares of stock or declare or pay any dividends. (j) LOBBYING. —The Foundation shall not engage in lobbying or propaganda for the purpose of infiuencing legislation and shall not participate or intervene in any political campaign on behalf of any candidate for public office. (k) SALARY; TRAVEL AND EXPENSES; CONFUCTS OF INTEREST. — (1) PERSONAL BENEFIT FROM FUNDS. — No part of the funds of the Foundation shall inure to the benefit of any board member, officer, or employee of the Foundation, except as salary or reasonable compensation for services or expenses. (2) TRAVEL AND EXPENSE REIMBURSEMENT.— Compensation for board members shall be limited to reimbursement for reasonable costs of travel and expenses.

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