HR 1296 EAS
Secretary of the Treasury under this subsection. Obli-
gations issued under this subparagraph shall be in
such forms and denominations, bearing such matu-
rities, and subject to such terms and conditions, as
may be prescribed by the Secretary of the Treasury,
and shall bear interest at a rate determined by the
Secretary of the Treasury, taking into consideration
current market yields on outstanding marketable obli-
gations of the United States of comparable maturities.
No funds appropriated to the Trust may be used for
repayment of principal or interest on, or redemption
of, obligations issued under this paragraph.
(4) The aggregate amount of obligations issued
under this subsection which are outstanding at any
one time may not exceed $50,000,000.
(e) The Trust may solicit and accept donations of
funds, property, supplies, or services from individuals,
foundations, corporations, and other private or public enti-
ties for the purpose of carrying out its duties. The Trust
shall maintain a liaison with the Golden Gate National
Park Association.
(f) Notwithstanding section 1341 of title 31 of the
United States Code, all proceeds received by the Trust shall
be retained by the Trust, and such proceeds shall be avail-
able, without further appropriation, for the administration,
HR 1296 EAS
preservation, restoration, operation and maintenance, im-
provement, repair and related expenses incurred with re-
spect to Presidio properties under its administrative juris-
diction. Upon the Request of the Trust, the Secretary of the
Treasury shall invest excess moneys of the Trust in public
debt securities with maturities suitable to the needs of the
Trust.
(g) The Trust may sue and be sued in its own name
to the same extent as the Federal Government. Litigation
arising out of the activities of the Trust shall be conducted
by the Attorney General; except that the Trust may retain
private attorneys to provide advice and counsel. The Dis-
trict Court for the Northern District of California shall have
exclusive jurisdiction over any suit filed against the Trust.
(h) The Trust shall enter into a Memorandum of
Agreement with the Secretary, acting through the Chief of
the United States Park Police, for the conduct of law en-
forcement activities and services within those portions of
the Presidio transferred to the administrative jurisdiction
of the Trust.
(i) The Trust may adopt, amend, repeal and enforce
bylaws, rules and regulations governing the manner in
which its business may be conducted and the powers vested
in it may be exercised. The Trust is authorized, in consulta-
tion with the Secretary, to adopt and to enforce those rules
HR 1296 EAS
and regulations that are applicable to the Golden Gate Na-
tional Recreation Area and that may be necessary and ap-
propriate to carry out its duties and responsibilities under
this title. The Trust shall give notice of the adoption of such
rules and regulations by publication in the Federal Reg-
ister.
(j) For the purpose of compliance with applicable laws
and regulations concerning properties transferred to the
Trust by the Secretary, the Trust shall negotiate directly
with regulatory authorities.
(k) INSURANCE.—The Trust shall require that all
leaseholders and contractors procure proper insurance
against any loss in connection with properties under lease
or contract, or the authorized activities granted in such
lease or contract, as is reasonable and customary.
(l) BUILDING CODE COMPLIANCE.—The Trust shall
bring all properties under its administrative jurisdiction
into compliance with Federal building codes and regula-
tions appropriate to use and occupancy within 10 years
after the enactment of this title to the extent practicable.
(m) LEASING.—In managing and leasing the prop-
erties transferred to it, the Trust considers the extent to
which prospective tenants contribute to the implementation
of the General Management Plan for the Presidio and to
the reduction of cost to the Federal Government. The Trust