Detailed Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''United States Library Trust Fund
Act''.

SEC. 2. UNITED STATES LIBRARY TRUST FUND.

(a) Designation of Overpayments and Contributions for United States
Library Trust Fund.--Subchapter A of chapter 61 of the Internal Revenue
Code of 1986 is amended by adding at the end the following new part:

''PART IX--DESIGNATION OF OVERPAYMENTS AND CONTRIBUTIONS FOR UNITED
STATES LIBRARY TRUST FUND

''Sec. 6097. Designation.

''SEC. 6097. DESIGNATION.

''(a) In General.--In the case of an individual, with respect to
each return of the taxpayer for the taxable year of the tax imposed by
chapter 1, such taxpayer may designate that--
''(1) $1 of any overpayment of tax for such taxable year,
and
''(2) any cash contribution which the taxpayer includes
with such return,
shall be paid over to the United States Library Trust Fund in
accordance with the provisions of section 9511. In the case of a joint
return with respect to which an overpayment of $2 or more is due, each
spouse may designate that $1 shall be paid to such trust fund.
''(b) Manner and Time of Designation.--A designation under
subsection (a) may be made with respect to any taxable year--
''(1) at the time of filing the return of the tax imposed
by chapter 1 for such taxable year, or
''(2) at any other time (after the time of filing the
return of the tax imposed by chapter 1 for such taxable year)
specified in regulations prescribed by the Secretary.
Such designation shall be made in such manner as the Secretary
prescribes by regulations except that such designation shall be made
either on the first page of the return or on the page bearing the
taxpayer's signature.
''(c) Overpayments Treated as Refunded.--For purposes of this
title, any portion of an overpayment of tax designated under subsection
(a) shall be treated as being refunded to the taxpayer as of the last
date prescribed for filing the return of tax imposed by chapter 1
(determined without regard to extensions).''
(b) Creation of Trust Fund.--Subchapter A of chapter 98 of such
Code is amended by adding at the end the following new section:

''SEC. 9511. UNITED STATES LIBRARY TRUST FUND.

''(a) Creation of Trust Fund.--There is established in the Treasury
of the United States a trust fund to be known as the 'United States
Library Trust Fund', consisting of such amounts as may be credited or
paid to such trust fund as provided in section 6097.
''(b) Transfers to Trust Fund.--There are hereby appropriated to
the United States Library Trust Fund amounts equivalent to--
''(1) the amounts of the overpayments of tax to which
designations under section 6097 apply, and
''(2) the amounts of contributions made under such section
to such trust fund.
''(c) Expenditures From Trust Fund.--Amounts in the United States
Library Trust Fund shall be available, as provided in appropriation
Acts, only for purposes of making expenditures to carry out section 3
of the United States Library Trust Fund Act.''
(c) Clerical Amendments.--
(1) The table of parts for subchapter A of chapter 61 of
such Code is amended by adding at the end the following new
item:

''Part IX. Designation of overpayments
and contributions for United
States Library Trust Fund.''
(2) The table of sections for subchapter A of chapter 98 of
such Code is amended by adding at the end the following new
item:

''Sec. 9511. United States Library Trust
Fund.''
(d) Effective Date.--The amendments made by this section shall
apply to taxable years ending after the date of the enactment of this
Act.

SEC. 3. GRANTS TO LIBRARIES.

(a) Eligibility of Public Libraries and Public School Libraries.--A
public library or public school library is eligible to receive a grant
under this section from the United States Library Trust Fund
established pursuant to section 9511 of the Internal Revenue Code of
1986 for any fiscal year by submitting an application to the Office of
Library Services that includes--
(1) certification that the library does not have the
financial resources available to purchase new books or
collections;
(2) assurances that funds received under this section will
be used only to purchase materials for the library;
(3) assurances that funds received under this section will
be used to supplement, not supplant, other funds received by
such library; and
(4) an agreement to make available any financial records
that the Office of Library Services may need for audit
purposes.
(b) Grant Selection.--The Office of Library Services shall select
the number of grant awards made under this section and the amount of
each such award based upon economic need in accordance with regulations
published by the Office.
A:
United States Library Trust Fund Act - Amends the Internal Revenue Code to: (1) establish in the Treasury the United States Library Trust Fund; and (2) permit a taxpayer to designate one dollar of any tax overpayment of tax and any cash contribution which the taxpayer includes with a return to such Fund. Provides for grants from such fund to public libraries and public school libraries.