To expand the uses of certain revolving funds of the Library of Congress and to clarify the authority of the Library of Congress to accept gifts and bequests.

To expand the uses of certain revolving funds of the Library of Congress and to clarify the authority of the Library of Congress to accept gifts and bequests. 1. Expanding uses of certain Library of Congress revolving funds (a) National Audiovisual Conservation Center Fund Section 101 of the Library of Congress Fiscal Operations Improvement Act of 2000 ( 2 U.S.C. 182a (1) in the heading, by striking duplication (2) in subsection (a)— (A) by striking duplication and delivery services provided by the Librarian the following programs and activities of the Librarian (B) by striking the period at the end and inserting a colon; and (C) by adding at the end the following new paragraphs: (1) Services related to the duplication and preservation of audiovisual materials and associated collections. (2) Storage, inspection, and delivery of audiovisual materials and associated collections. . (b) Revolving Fund for Gift Shop and Related Services Section 102 of such Act ( 2 U.S.C. 182b (1) in the heading, by striking gift shop sales and other services (2) in subsection (a), by adding at the end the following new paragraphs: (5) Traveling exhibitions and exhibition materials. (6) Training. . (c) Inclusion of Tribal Governments in FEDLINK Program Section 103(f)(1) of such Act ( 2 U.S.C. 182c(f)(1) Federal Government, tribal governments (as defined in section 502(c)(3)(B) of title 40, United States Code), 2. Authority of Library of Congress to accept gifts and bequests (a) Expanding types of gifts that may be accepted The first undesignated paragraph of section 4 of the Act entitled An Act to create a Library of Congress Trust Fund Board, and for other purposes 2 U.S.C. 160 (1) in the first sentence, by striking in the name of the United States in the name of the United States and in the interest of the Library, its collections, or its service gifts or bequests of personal property, nonpersonal services, voluntary and uncompensated personal services, or money for immediate disbursement. (2) in the second sentence, by inserting of money bequests (3) in the third sentence, by striking enter them enter the gift, bequest, or proceeds (b) Treatment of gifts of securities The first undesignated paragraph of section 4 of such Act ( 2 U.S.C. 160 In the case of a gift of securities, the Librarian shall sell the gift and provide the donor with a receipt from the proceeds of the sale.

Summary: This bill modifies the use of the Library of Congress (LOC) revolving fund associated with the national audiovisual conservation center to include preservation and storage of audiovisual materials and associated collections. Use of the LOC revolving fund currently devoted to the gift shop, decimal classification, photo duplication, and related services shall extend to traveling exhibitions and exhibition materials as well as to training services. The Federal Library and Information Network (FEDLINK) program shall provide specified services on behalf of tribal governments. The types of gifts the LOC may accept shall include bequests of personal property, nonpersonal services, voluntary and uncompensated personal services, or securities.