16 U.S.C. § 6409
The Administrator shall seek to enter into an agreement with the National Fish and Wildlife Foundation (in this section referred to as the "Foundation"), authorizing the Foundation to receive, hold, and administer funds received under this section.
The Foundation shall establish an account, to be known as the "Coral Reef Disaster Fund" (in this section referred to as the "Fund").
The Foundation shall deposit funds received under this section into the Fund.
The Fund shall be available solely to support the long-term recovery of coral reefs from exigent circumstances described in section 6408(b) of this title-
The Foundation shall invest such portion of the Fund as is not required to meet current withdrawals in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.
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.
The Administrator shall conduct continuing reviews of all deposits into, and disbursements from, the Fund. Each such review shall include a written assessment concerning the extent to which the Foundation has implemented the goals and requirements of this section.
Pursuant to an agreement entered into under subsection (a), the Foundation may accept, receive, solicit, hold, administer, and use any gift (including, notwithstanding section 1342 of title 31, donations of services) to further the purposes of this chapter.
Notwithstanding section 3302 of title 31, any funds received as a gift shall be deposited and maintained in the Fund.
16 U.S.C. § 6409
EDITORIAL NOTES
PRIOR PROVISIONSA prior section 6409,Pub. L. 106-562, title II, §2106409,, 114 Stat. 2805, provided definitions for the chapter, prior to repeal by Pub. L. 117-263 title C, §10001(a), Dec. 23, 2022, 136 Stat. 3931.
- Administrator
- The term "Administrator" means the Administrator of the National Oceanic and Atmospheric Administration.
- National Coral Reef Resilience Strategy
- The term "National Coral Reef Resilience Strategy" means the National Coral Reef Resilience Strategy in effect under section 6403 of this title.
- coral reef
- The term "coral reef" means calcium carbonate structures in the form of a reef or shoal, composed in whole or in part by living coral, skeletal remains of coral, crustose coralline algae, and other associated sessile marine plants and animals.
- coral
- The term "coral" means species of the phylum Cnidaria, including-(A) all species of the orders Antipatharia (black corals), Scleractinia (stony corals), Alcyonacea (soft corals, organ pipe corals, gorgonians), and Helioporacea (blue coral), of the class Anthozoa; and(B) all species of the order Anthoathecata (fire corals and other hydrocorals) of the class Hydrozoa.