Page:United States Statutes at Large Volume 106 Part 6.djvu/147

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PUBLIC LAW 102-575—OCT. 30, 1992 106 STAT. 4705 (iv) payment of personnel directly related to the operation of the wetland trust, including administration; and (v) contractual and service costs related to the management of wetland trust funds, including audits. (4) the Board of Directors of the Foundation agrees to ^P°'[]|^- provide such reports as may be required 1^ the Secretary Recordsand makes its records available for audit by Federal agencies; and (5) the advisory committee created under subsection (b)— (A) recommends criteria for wetland evaluation and selection: Provided, That income earned from the Trust shall not be used to mitigate or compensate for wetland damage caused by Federal water proieds; (B) recommends wetland parcels for lease, easement, or purchase and states reasons for its recommendations; and (C) recommends management and development plans for parcels of land that are purchased. (d) INVESTMENT OF WETLAND TRUST FUNDS. — (1) The Secretary, in consultation with the Secretary of the Treasury, shall establish requirements for the investment of all funds received by the wetland tnutt under subsection (a) or reinvested under subsection (c)(3)i (2) The requirements established under paragraph (1) shall ensure that— (A) funds are invested in accordance with sound investment principles; and (B) the Board of Directors of the Foundation manages such investments and exercises its fiduciary responsibilities in an appropriate manner. (e) COORDINATION WITH THE SECRETARY OF AGRICULTURE.— (1) The Secretary shall make the Federal contribution under subs^ion (a) after consulting with the Secretary of Agriculture to provide for the coordination of activities under the wetland trust established under subsection (b) with the water bank program, the wetlands reserve program, and any similar Department of Agriculture programs providing for the protection of wetlands. (2) The Secretary of Agriculture shall take into consideration wetland protection activities under the wetland trust established under subsection 0)) when considering whether to provide assistance under the water bank program, the wetlands reserve program, and any similar Department of Agriculture programs providing for the protection of wetlands. SEC. 3804. AUTHORIZATION OF APPROPRIATIONS. There is authorized to be appropriated to the Secretary $7,000,000 for the Federal contribution to the wetland trust estab- Ushed under section 3203. TITLE XXXm—ELEPHANT BUTTE IRRIGATION DISTRICT, NEW MEXICO SEC. 3301. TRANSFER. The Secretary is authorized to transfer to the Elephant Butte Irrigation District, New Mexico, and El Paso County Water Improvement District No. 1, Texas, without cost to the respective d&trict, title to such easements, ditches, laterals, canals, drains, and other rights-of-way, which the United States has acquired on behalf of