118th CONGRESS 2d Session |
To reauthorize the Morris K. Udall and Stewart L. Udall Trust Fund, and for other purposes.
March 15, 2024
Mr. Ciscomani (for himself and Ms. Stansbury) introduced the following bill; which was referred to the Committee on Education and the Workforce, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
To reauthorize the Morris K. Udall and Stewart L. Udall Trust Fund, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Udall Foundation Reauthorization Act of 2024”.
Section 8(b)(1) of the Morris K. Udall and Stewart L. Udall Foundation Act (20 U.S.C. 5606(b)(1)) is amended by adding at the end the following: “Beginning on October 1, 2023, and thereafter, interest earned from investments made with any new appropriations to the Trust Fund shall only be available subject to appropriations and is authorized to be appropriated to carry out the provisions of this Act.”.
SEC. 3. Reauthorization of the Udall Foundation Trust Fund.
Section 13 of the Morris K. Udall and Stewart L. Udall Foundation Act (20 U.S.C. 5609) is amended—
(1) in subsection (a), by striking “2023” and inserting “2029”;
(2) in subsection (b), in the matter preceding paragraph (1), by striking “2023” and inserting “2029”; and
(3) in subsection (c), by striking “5-fiscal year period” and all that follows through the period at the end and inserting “5-fiscal year period beginning with fiscal year 2025.”.
SEC. 4. Audit of the Foundation.
Not later than 4 years after the date of enactment of this section, the Inspector General of the Department of the Interior shall complete an audit of the Morris K. Udall and Stewart L. Udall Foundation.