Source: https://www.law.cornell.edu/uscode/text/16/3703?quicktabs_8=0
Timestamp: 2016-05-03 04:15:57
Document Index: 34441640

Matched Legal Cases: ['§ 3703', '§ 3703', '§ 3703', '§\u202f3703', '§\u202f4', '§\u202f1', '§\u202f101', '§\u202f903', '§\u202f203', '§\u202f203', '§\u202f204', '§\u202f204', '§\u202f204', '§\u202f203', '§\u202f204', '§\u202f204', '§\u202f204', '§\u202f204', '§\u202f204', '§\u202f206', '§\u202f1', '§\u202f2', '§\u202f2', '§\u202f101', '§\u202f902', '§\u202f304', '§\u202f204']

16 U.S. Code § 3703 - Rights and obligations of Foundation | US Law | LII / Legal Information Institute
U.S. Code › Title 16 › Chapter 57 › § 3703 16 U.S. Code § 3703 - Rights and obligations of Foundation
§ 3703.
Rights and obligations of Foundation
(a) In generalThe Foundation—
shall have its principal offices in the District of Columbia or in a county in the State of Maryland or Virginia that borders on the District of Columbia; and
(c) PowersTo carry out its purposes under section 3701 of this title, the Foundation shall have, in addition to the powers otherwise given it under this chapter, the usual powers of a corporation acting as a trustee in the District of Columbia, including the power—
to accept, receive, solicit, hold, administer and use any gift, devise, or bequest, either absolutely or in trust, of real or personal property or any income therefrom or other interest therein;
to acquire by purchase or exchange any real or personal property or interest therein, subject to subsection (e);
to invest any funds provided to the Foundation by the Federal Government in obligations of the United States or in obligations or securities that are guaranteed or insured by the United States;
to deposit any funds provided to the Foundation by the Federal Government into accounts that are insured by an agency or instrumentality of the United States;
to make use of any interest or investment income that accrues as a consequence of actions taken under paragraph (3) or (4) to carry out the purposes of the Foundation;
to use Federal funds to make payments under cooperative agreements entered into with willing private landowners to provide substantial long-term benefits for the restoration or enhancement of fish, wildlife, plants, and other natural resources on private land;
unless otherwise required by the instrument of transfer, to sell, donate, lease, invest, reinvest, retain or otherwise dispose of any property or income therefrom;
to sue and be sued, and complain and defend itself in any court of competent jurisdiction, except that the Directors of the Foundation shall not be personally liable, except for gross negligence;
to enter into contracts or other arrangements with public agencies and private organizations and persons and to make such payments as may be necessary to carry out its function; and
the interest is a long-term property interest, and
the Foundation notifies the Federal agency that administers the program under which the funds were provided of the proposed acquisition, and the agency does not object in writing to the proposed acquisition within 60 calendar days after the date of the notification.
The Foundation shall convey to the United States Fish and Wildlife Service for inclusion within the National Wildlife Refuge System any real property acquired by the Foundation in whole or in part with Federal funds if the Director, within one year after the date on which the property was acquired by the Foundation, requests the conveyance in writing.
(A) Subject to subparagraph (B), the Foundation may—
convey to another person any real property acquired in whole or in part with Federal funds and not conveyed under paragraph (2); and
grant or otherwise provide Federal funds to another person for purposes of assisting that person to acquire real property in whole or in part with such funds.
the conveyance or provision is subject to terms and conditions that will ensure that the real property will be administered for the long-term conservation and management of fish and wildlife and in a manner that will provide for appropriate public access and use; and
the Foundation notifies the Federal agency that administers the Federal program under which the funds were provided of the proposed conveyance or provision of Federal funds, and the agency does not object in writing to the proposed conveyance or provision of Federal funds within 60 calendar days after the date of the notification.
All real property acquired by the Foundation in whole or in part with Federal funds and held by it shall be administered for the conservation and management of fish and wildlife and in a manner that will provide for appropriate public access and use.
(5)Reconveyance of real property.—The Foundation shall convey at not less than fair market value any real property acquired by the Foundation in whole or in part with Federal funds if the Foundation notifies the Federal agency that administers the Federal program under which the funds were provided, and the agency does not disagree within 60 calendar days after the date of the notification, that—
the property is no longer valuable for the purpose of conservation or management of fish, wildlife, plants, and other natural resources; and
the purposes of the Foundation would be better served by use of the proceeds of the conveyance for other authorized activities of the Foundation.
In carrying out the purposes under section 3701(b) of this title, the Foundation may establish a national whale conservation endowment fund, to be used by the Foundation to support research, management activities, or educational programs that contribute to the protection, conservation, or recovery of whale populations in waters of the United States.
(A) In a manner consistent with subsection (c)(1), the Foundation may—
accept, receive, solicit, hold, administer, and use any gift, devise, or bequest made to the Foundation for the express purpose of supporting whale conservation; and
deposit in the endowment fund under paragraph (1) any funds made available to the Foundation under this subparagraph, including any income or interest earned from a gift, devise, or bequest received by the Foundation under this subparagraph.
To raise funds to be deposited in the endowment fund under paragraph (1), the Foundation may enter into appropriate arrangements to provide for the design, copyright, production, marketing, or licensing, of logos, seals, decals, stamps, or any other item that the Foundation determines to be appropriate.
The Secretary of Commerce may transfer to the Foundation for deposit in the endowment fund under paragraph (1) any amount (or portion thereof) received by the Secretary under section 1375(a)(1) of this title as a civil penalty assessed by the Secretary under that section.
The Directors of the Board shall ensure that any amounts transferred to the Foundation under clause (i) for the endowment fund under paragraph (1) are deposited in that fund in accordance with this subparagraph.
are the most endangered (including the northern right whale (Eubaleana glacialis)); or
most warrant, and are most likely to benefit from, research management, or educational activities that may be funded with amounts made available from the fund.
(Pub. L. 98–244, § 4, Mar. 26, 1984, 98 Stat. 108; Pub. L. 100–240, §§ 1(b), 2(a), (b)(1), Jan. 11, 1988, 101 Stat. 1785, 1786; Pub. L. 105–277, div. A, § 101(b) [title IX, § 903], Oct. 21, 1998, 112 Stat. 2681–50, 2681–120; Pub. L. 106–408, title II, §§ 203(c)(1), 204(a)–(c), (e)–(g), 206, Nov. 1, 2000, 114 Stat. 1779, 1780; Pub. L. 109–363, title II, § 203, Oct. 17, 2006, 120 Stat. 2075.)
2006—Subsec. (i). Pub. L. 109–363 substituted “grant of Federal funds in an amount greater than $10,000” for “grant of funds”.
2000—Subsec. (a)(3). Pub. L. 106–408, § 204(a), inserted “or in a county in the State of Maryland or Virginia that borders on the District of Columbia” after “the District of Columbia”.
Subsec. (c)(3), (4). Pub. L. 106–408, § 204(b)(2), added pars. (3) and (4). Former pars. (3) and (4) redesignated (7) and (8), respectively.
Subsec. (c)(5). Pub. L. 106–408, § 204(b)(2), added par. (5). Former par. (5) redesignated (9).
Pub. L. 106–408, § 203(c)(1), substituted “Directors of the Foundation” for “Directors of the Board”.
Subsec. (c)(6) to (11). Pub. L. 106–408, § 204(b), added par. (6) and redesignated former pars. (3) to (7) as (7) to (11), respectively.
Subsec. (e)(1)(B). Pub. L. 106–408, § 204(c), added subpar. (B) and struck out former subpar. (B) which read as follows: “the Director of the United States Fish and Wildlife Service (hereafter in this subsection referred to as the ‘Director’) consents to the acquisition in writing.”
Subsec. (e)(3)(B)(ii). Pub. L. 106–408, § 204(e), added cl. (ii) and struck out former cl. (ii) which read as follows: “the Director finds that conveyance or provision of Federal funds meets the requirements of clause (i) and consents to it in writing.”
Subsec. (e)(5). Pub. L. 106–408, § 204(f), added par. (5) and struck out former par. (5) which read as follows: “The Foundation shall convey at not less than fair-market value any real property acquired by it in whole or in part with Federal funds if the Foundation and the Director determine, in writing, that—
“(A) the land is no longer valuable for the purposes of fish and wildlife conservation or management, and
“(B) the purposes of the Foundation would be better served by the use of the Federal funds for other authorized activities of the Foundation.”
Subsec. (h). Pub. L. 106–408, § 204(g), added subsec. (h).
Subsec. (i). Pub. L. 106–408, § 206, added subsec. (i).
1988—Subsec. (a)(2). Pub. L. 100–240, § 1(b), inserted “and abroad” after “United States”.
Subsec. (c)(2). Pub. L. 100–240, § 2(b), inserted “, subject to subsection (e)” after “therein”.
Subsec. (e). Pub. L. 100–240, § 2(a), added subsec. (e).
Pub. L. 105–277, div. A, § 101(b) [title IX, § 902], Oct. 21, 1998, 112 Stat. 2681–50, 2681–119, provided that: “Congress finds that—
the populations of whales that occur in waters of the United States are resources of substantial ecological, scientific, socioeconomic, and esthetic value;
“(2) whale populations—
form a significant component of marine ecosystems;
are the subject of intense research;
provide for a multimillion dollar whale watching tourist industry that provides the public an opportunity to enjoy and learn about great whales and the ecosystems of which the whales are a part; and
are of importance to Native Americans for cultural and subsistence purposes;
whale populations are in various stages of recovery, and some whale populations, such as the northern right whale (Eubaleana glacialis) remain perilously close to extinction;
the interactions that occur between ship traffic, commercial fishing, whale watching vessels, and other recreational vessels and whale populations may affect whale populations adversely;
the exploration and development of oil, gas, and hard mineral resources, marine debris, chemical pollutants, noise, and other anthropogenic sources of change in the habitat of whales may affect whale populations adversely;
“(6) the conservation of whale populations is subject to difficult challenges related to—
the migration of whale populations across international boundaries;
the size of individual whales, as that size precludes certain conservation research procedures that may be used for other animal species, such as captive research and breeding;
the low reproductive rates of whales that require long-term conservation programs to ensure recovery of whale populations; and
the occurrence of whale populations in offshore waters where undertaking research, monitoring, and conservation measures is difficult and costly;
the Secretary of Commerce, through the Administrator of the National Oceanic and Atmospheric Administration, has research and regulatory responsibility for the conservation of whales under the Marine Mammal Protection Act of 1972 (16 U.S.C. 1361 et seq.); and
the heads of other Federal agencies and the Marine Mammal Commission established under section 201 of the Marine Mammal Protection Act of 1972 (16 U.S.C. 1401) have related research and management activities under the Marine Mammal Protection Act of 1972 or the Endangered Species Act of 1973 (16 U.S.C. 1531 et seq.);
the funding available for the activities described in paragraph (8) [(7)] is insufficient to support all necessary whale conservation and recovery activities; and
there is a need to facilitate the use of funds from non-Federal sources to carry out the conservation of whales.”
Pub. L. 102–440, title III, § 304, Oct. 23, 1992, 106 Stat. 2235, which provided that the National Fish and Wildlife Foundation could continue to draw down Federal funds when matching requirements had been met, that interest earned on funds already drawn down was to be used to fund all activities as approved by the Board of Directors, and that Foundation subgrantees would be exempt from the audit reporting and compliance requirements of OMB Circular A–133, for all grants of $100,000 or less, was repealed by Pub. L. 106–408, title II, § 204(d), Nov. 1, 2000, 114 Stat. 1779.