shall give preference to projects for which matching funds 
are available. 
(g) PROJECT REPORTING.—
(1) IN GENERAL.—Each person that receives 
assistance under this section for a project shall sub-
mit to the Secretary periodic reports (at such inter-
vals as the Secretary may require) that include all 
information that the Secretary, after consultation 
with other government officials, determines is nec-
essary to evaluate the progress and success of the 
project for the purposes of ensuring positive results, 
assessing problems, and fostering improvements. 
(2) AVAILABILITY
TO
THE
PUBLIC.—Reports 
under paragraph (1), and any other documents re-
lating to projects for which financial assistance is 
provided under this Act, shall be made available to 
the public. 
SEC. 5. MARINE TURTLE CONSERVATION FUND. 
(a) ESTABLISHMENT.—There is established in the 
Multinational Species Conservation Fund a separate ac-
count to be known as the ‘‘Marine Turtle Conservation 
Fund’’, consisting of—
(1) amounts transferred to the Secretary of the 
Treasury for deposit into the Fund under subsection 
(e);
(2) amounts appropriated to the Fund under 
section 6; and 
(3) any interest earned on investment of 
amounts in the Fund under subsection (c). 
(b) EXPENDITURES FROM FUND.—
(1) IN GENERAL.—Subject to paragraph (2), on 
request by the Secretary, the Secretary of the Treas-
ury shall transfer from the Fund to the Secretary, 
without further appropriation, such amounts as the 
Secretary determines are necessary to carry out sec-
tion 4. 
(2) 
ADMINISTRATIVE
EXPENSES.—Of 
the 
amounts in the account available for each fiscal 
year, the Secretary may expend not more than 3 
percent, or up to $80,000, whichever is greater, to 
pay the administrative expenses necessary to carry 
out this Act. 
(c) INVESTMENT OF AMOUNTS.—
(1) IN GENERAL.—The Secretary of the Treas-
ury shall invest such portion of the Fund as is not, 
in the judgment of the Secretary of the Treasury, 
required to meet current withdrawals. Investments 
may be made only in interest-bearing obligations of 
the United States.
(2) ACQUISITION
OF
OBLIGATIONS.—For the 
purpose of investments under paragraph (1), obliga-
tions may be acquired—
(A) on original issue at the issue price; or 
(B) by purchase of outstanding obligations 
at the market price. 
(3) SALE OF OBLIGATIONS.—Any obligation ac-
quired by the Fund may be sold by the Secretary of 
the Treasury at the market price. 
(4) CREDITS TO FUND.—The interest on, and 
the proceeds from the sale or redemption of, any ob-
ligations held in the Fund shall be credited to and 
form a part of the Fund. 
(d) TRANSFERS OF AMOUNTS.—
(1) IN GENERAL.—The amounts required to be 
transferred to the Fund under this section shall be 
transferred at least monthly from the general fund 
of the Treasury to the Fund on the basis of esti-
mates made by the Secretary of the Treasury. 
(2) ADJUSTMENTS.—Proper adjustment shall 
be made in amounts subsequently transferred to the 
extent prior estimates were in excess of or less than 
the amounts required to be transferred. 
(e) ACCEPTANCE AND USE OF DONATIONS.—The 
Secretary may accept and use donations to provide assist-
ance under section 4. Amounts received by the Secretary 
in the form of donations shall be transferred to the Sec-
retary of the Treasury for deposit in the Fund. 
SEC. 6. ADVISORY GROUP. 
(a) IN GENERAL.—To assist in carrying out this Act, 
the Secretary may convene an advisory group consisting 
of individuals representing public and private organiza-
tions actively involved in the conservation of marine tur-
tles. 
(b) PUBLIC PARTICIPATION.—
(1) MEETINGS.—The Advisory Group shall—
(A) ensure that each meeting of the advi-
sory group is open to the public; and 
(B) provide, at each meeting, an oppor-
tunity for interested persons to present oral or 
written statements concerning items on the 
agenda. 
(2) NOTICE.—The Secretary shall provide to 
the public timely notice of each meeting of the advi-
sory group. 
(3) MINUTES.—Minutes of each meeting of the 
advisory group shall be kept by the Secretary and 
shall be made available to the public.
(c) EXEMPTION FROM FEDERAL ADVISORY COM-
MITTEE ACT.—The Federal Advisory Committee Act (5 
U.S.C. App.) shall not apply to the advisory group. 
SEC. 7. AUTHORIZATION OF APPROPRIATIONS. 
There is authorized to be appropriated to the Fund 
$5,000,000 for each of fiscal years 2005 through 2009. 
SEC. 8. REPORT TO CONGRESS. 
Not later than October 1, 2005, the Secretary shall 
submit to the Congress a report on the results and effec-
tiveness of the program carried out under this Act, includ-
ing recommendations concerning how this Act might be 
improved and whether the Fund should be continued in 
the future.
Æ