Page:United States Statutes at Large Volume 112 Part 1.djvu/36

 112 STAT. 10 PUBLIC LAW 105-156—FEB. 11, 1998 (b) E^fVIRONMENTAL DISPUTE RESOLUTION FuND. — The Morris K. Udall Scholarship and Excellence in National Environmental and Native American Public Policy Act of 1992 (20 U.S.C. 5601 et seq.) (as amended by subsection (a)) is amended by inserting after section 9 the following: 20 USC 5607a. " SEC. 10. ENVIRONMENTAL DISPUTE RESOLUTION FUND. "(a) ESTABLISHMENT. —There is established in the Treasury of the United States an Environmental Dispute Resolution Fund to be administered by the Foundation. The Fund shall consist of amounts appropriated to the Fund under section 13(b) and amounts paid into the Fund under section 11. "(b) EXPENDITURES. —The Foundation shall expend from the Fund such sums as the Board determines are necessary to establish and operate the Institute, including such amounts as are necessary for salaries, administration, the provision of mediation and other services, and such other expenses as the Board determines are necessary. "(c) DISTINCTION FROM TRUST FUND. —The Fund shall be maintained separately from the Trust Fund established under section 8. " (d) INVESTMENT OF AMOUNTS. — "(1) IN GENERAL.— The Secretary of the Treasury shall invest such portion of the Fund as is not, in the judgment of the Secretary, required to meet current withdrawals. " (2) INTEREST-BEARING OBLIGATIONS.—Investments may be made only in interest-bearing obligations of the United States. " (3) ACQUISITION OF OBLIGATIONS. —For the purpose of investments under paragraph (1), obligations may be acquired— "(A) on original issue at the issue price; or "(B) by purchase of outstanding obligations at the market price. "(4) SALE OF OBLIGATIONS.— Any obligation acquired by the Fund may be sold by the Secretary of the Treasury at the market price. "(5) CREDITS TO FUND.—The interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to and form a part of the Fund.". SEC. 7. USE OF THE INSTITUTE BY A FEDERAL AGENCY. The Morris K. Udall Scholarship and Excellence in National Environmental and Native American Policy Act of 1992 (20 U.S.C. 5601 et seq.) (as amended by section 6) is amended by inserting after section 10 the following: 20 USC 5607b. " SEC. 11. USE OF THE INSTITUTE BY A FEDERAL AGENCY. "(a) AUTHORIZATION.—^A Federal agency may use the Foundation and the Institute to provide assessment, mediation, or other related services in connection with a dispute or conflict related to the environment, public lands, or natural resources. " (b) PAYMENT.— ^ "(1) IN GENERAL.—A Federal agency may enter into a contract and expend funds to obtain the services of the Institute. "(2) PAYMENT INTO ENVIRONMENTAL DISPUTE RESOLUTION FUND.— ^A payment from an executive agency on a contract entered into under paragraph (1) shall be paid into the Environmental Dispute Resolution Fund established under section 10. "(c) NOTIFICATION AND CONCURRENCE.—

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