SEC. 2. FINDINGS.
The Congress finds the following:
(1) There is no national museum to commemo-
rate and honor the Coast Guard’s history, mission,
personnel, and traditions or those of its predecessor
services and agencies.
(2) There should be established a National
Coast Guard Museum to commemorate the 210
years of national maritime and military history of
the Coast Guard and its predecessor services and
agencies.
SEC. 3. DEFINITIONS.
In this Act:
(1) ASSOCIATION.—The term ‘‘Association’’
means the National Coast Guard Museum Associa-
tion (a nonprofit corporation established under the
laws of the State of Massachusetts), or a similar or-
ganization.
(2) MUSEUM.—The term ‘‘Museum’’ means the
National Coast Guard Museum established under
sections 4(a).
(3) COMMANDANT.—The term ‘‘Commandant’’
means the Commandant of the Coast Guard.
(4) FUND.—The term ‘‘Fund’’ means the Na-
tional Coast Guard Museum Fund established under
section 5(a).
SEC. 4. NATIONAL COAST GUARD MUSEUM.
(a) ESTABLISHMENT.—The Commandant may, in ac-
cordance with this section, establish, operate, and main-
tain a National Coast Guard Museum on Federal lands
that are administered by the Coast Guard and specified
by the Commandant.
(b) CONSTRUCTION.—
(1) LICENSE.—The Commandant may grant a
license to the Association authorizing the Association
to construct facilities for the Museum on the land
specified under subsection (a).
(2) TERMS.—The license under this subsection
shall include terms that establish the following:
(A) Upon completion of construction of fa-
cilities under the license, the Association shall
donate such facilities, including any associated
improvements, fixtures, and related personal
property, as a gift to Coast Guard.
(B) The United States shall have no re-
sponsibility for project management.
(C) The Association shall be responsible
for preparation of the design and plans for fa-
cilities constructed under the license, except
that the design and plans shall be subject to the
approval of the Commandant
(3) FUNDING.—(A) The Commandant shall not
allow construction of facilities for the Museum to
begin, and may not provide any Federal funds for
that construction, unless the Commandant deter-
mines that sufficient amounts, not less than
$10,000,000, are available from non-Federal sources
to complete construction of the Museum in accord-
ance with the design and plans approved under
paragraph (2)(C).
(B) For the purposes of constructing the Mu-
seum, and subject to the availability of appropria-
tions, the Commandant may transfer to the Associa-
tion up to $10,000,000.
(C) The Commandant shall require that
amounts transferred under subparagraph (B) that
are not expended on the construction of the Museum
shall be returned to the Coast Guard and deposited
into the Fund.
(4) LIABILITY.—The United States shall not be
liable for any act or omission relating to construc-
tion under the license.
(c) 
COMMANDANT’S
AUTHORITIES.—Notwith-
standing any other provision of law, in connection with
the establishment, operation, and maintenance of the Mu-
seum, the Commandant may—
(1) rent or lease space within the Museum for
gift shops, food concessions, meeting or special event
spaces, and similar purposes or activities, under
such terms and conditions, and for such periods of
time, as the Commandant considers appropriate;
(2) accept, hold, administer, and, without fur-
ther Act of appropriation, spend any gift, devise, or
bequest of real or personal property (including
funds) that is made on the condition that it be used
for the benefit of, or in connection with the estab-
lishment, operation, or maintenance of, the Museum;
(3) pay necessary expenses in connection with
the conveyance or transfer of any such gift, devise
or bequest; and
(4) perform other acts as the Commandant
deems reasonable and appropriate.
(d) TREATMENT OF GIFTS.—For the purposes of
Federal income, estate, and gift taxes, property that is ac-
cepted under subsection (c)(2) shall be considered as a
gift, devise, or bequest to or for the use of the United
States.
SEC. 5. NATIONAL COAST GUARD MUSEUM FUND.
(a) ESTABLISHMENT.—There is established in the
Treasury a separate account that shall be known as the
‘‘National Coast Guard Museum Fund’’.
(b) CONTENTS.—The Fund shall consist of the fol-
lowing:
(1) Gifts, devises, and bequests of funds accept-
ed under section 4(c)(2).
(2) Amounts received by the United States
from the rental or leasing of space within the Mu-
seum under section 4(a).
(3) Interest credited under subsection (d).
(4) 
Amounts 
deposited 
under 
section
4(b)(3)(C).
(c) USE.—The Commandant may make disburse-
ments from the Fund for the establishment, operation, or
maintenance of the Museum, without further Act of appro-
priation and without fiscal year limitation.
(d) INVESTMENT.—
(1) IN GENERAL.—Upon request of the Com-
mandant, the Secretary of the Treasury may invest
amounts in the Fund in securities of, or in securities
whose principal and interest are guaranteed by, the
United States Government.
(2) INTEREST.—The interest and profits accru-
ing from investments under this subsection shall be
deposited to the credit of the Fund.
Æ