Page:United States Statutes at Large Volume 119.djvu/1967

 PUBLIC LAW 109–59—AUG. 10, 2005

119 STAT. 1949

heading and inserting ‘‘, BIODIESEL, OR ALTERNATIVE FUEL’’. REGISTRATION REQUIREMENTS.—Section (c) ADDITIONAL 4101(a)(1) (relating to registration) is amended by striking ‘‘4041(a)(1)’’ and inserting ‘‘4041(a)’’. (d) EFFECTIVE DATE.—The amendments made by this section shall apply to any sale or use for any period after September 30, 2006.

26 USC 4041 note.

PART 2—AQUATIC EXCISE TAXES SEC. 11115. ELIMINATION OF AQUATIC RESOURCES TRUST FUND AND TRANSFORMATION OF SPORT FISH RESTORATION ACCOUNT.

(a) SIMPLIFICATION OF FUNDING FOR BOAT SAFETY ACCOUNT.— (1) IN GENERAL.—Paragraph (4) of section 9503(c) (relating to transfers from Trust Fund for motorboat fuel taxes) is amended— (A) by striking so much of that paragraph as precedes subparagraph (D), (B) by redesignating subparagraphs (D) and (E) as subparagraphs (C) and (D), respectively, and (C) by inserting before subparagraph (C) (as so redesignated) the following: ‘‘(4) TRANSFERS FROM THE TRUST FUND FOR MOTORBOAT FUEL TAXES.— ‘‘(A) TRANSFER TO LAND AND WATER CONSERVATION FUND.— ‘‘(i) IN GENERAL.—The Secretary shall pay from time to time from the Highway Trust Fund into the land and water conservation fund provided for in title I of the Land and Water Conservation Fund Act of 1965 amounts (as determined by the Secretary) equivalent to the motorboat fuel taxes received on or after October 1, 2005, and before October 1, 2011. ‘‘(ii) LIMITATION.—The aggregate amount transferred under this subparagraph during any fiscal year shall not exceed $1,000,000. ‘‘(B) EXCESS FUNDS TRANSFERRED TO SPORT FISH RESTORATION AND BOATING TRUST FUND.—Any amounts in the Highway Trust Fund— ‘‘(i) which are attributable to motorboat fuel taxes, and ‘‘(ii) which are not transferred from the Highway Trust Fund under subparagraph (A), shall be transferred by the Secretary from the Highway Trust Fund into the Sport Fish Restoration and Boating Trust Fund.’’. (2) CONFORMING AMENDMENT.—Paragraph (5) of section 9503(c) is amended by striking ‘‘Account in the Aquatic Resources’’ in subparagraph (A) and inserting ‘‘and Boating’’. (b) MERGING OF ACCOUNTS.— (1) IN GENERAL.—Subsection (a) of section 9504 is amended to read as follows: ‘‘(a) CREATION OF TRUST FUND.—There is hereby established in the Treasury of the United States a trust fund to be known as the ‘Sport Fish Restoration and Boating Trust Fund’. Such

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