102 STAT. 4138
PUBLIC LAW 100-687—NOV. 18, 1988
(f) AUTHORITY TO SOUCIT FUNDS.—For the purpose of carrying out this section, the Commission may solicit and accept private contributions and shall deposit such contributions in the fund established by subsection (g). (g) FUND,—(1) There is hereby established in the Treasury a fund which shall be available to the American Battle Monuments Commission only for carrying out this section. The fund shall consist of— (A) amounts deposited into, and interest and proceeds credited to, the fund under paragraph (2); and (B) obligations obtained under paragraph (3). (2) The Chairman of the Commission shall deposit into the fund the amounts that are accepted under subsection (f). The Secretary of the Treasury shall credit to the fund the interest on, and the proceeds from sale or redemption of, obligations held in the fund. (3) The Secretary of the Treasury shall invest any portion of the fund that, as determined by the Chairman of the Commission, is not required to meet current expenses. Each investment shall be made in an interest-bearing obligation of the United States or an obligation guaranteed as to principal and interest by the United States that, as determined by the Chairman of the Commission, has a maturity suitable for the fund. (4) Amounts in the fund that are in excess of the costs of carrying out this section, as determined by the Chairman of the Commission, shall be deposited in the Treasury as miscellaneous receipts to reimburse the United States for funds appropriated pursuant to subsection (h). (h) AUTHORIZATION OF FUNDING.—There are hereby authorized to be appropriated— (1) $6,000,000 for site preparation, design, planning, construction, and associated administrative costs for the restoration of the Memorial and other historical and memorial sites referred to in subsection (a); and (2) such sums as may be necessary for the operation and maintenance of such Memorial and other historical and memorial sites. Approved November 18, 1988.
LEGISLATIVE HISTORY—S. 11 (H.R. 5288): HOUSE REPORTS: No. 100-963, Pt. 1, accompanying H.R. 5288 (Comm. on Veterans' Affairs). SENATE REPORTS: No. 100-418 (Comm. on Veterans' Affairs). CONGRESSIONAL RECORD, Vol. 134 (1988): July 11, considered and passed Senate. Oct. 3, H.R. 5288 considered and passed House; proceedings vacated and S. 11, amended, passed in lieu. Oct, 18, Senate concurred in certain House amendment with an amendment and disagreed to another. Oct, 19, House receded and concurred in Senate amendment with amendments. Oct. 20, Senate concurred in House amendments. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 24 (1988): Nov. 18, Presidential statement.
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