Trust Fund

16 U.S.C. § 460lll–31
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) EstablishmentThere is established in the Treasury of the United States a special interest-bearing fund known as the “Land Between the Lakes Trust Fund”. (b) AvailabilityAmounts in the Fund shall be available to the Secretary, until expended, for—(1) public education, grants, and internships related to recreation, conservation, and multiple use land management in the Recreation Area; and (2) regional promotion in the Recreation Area, in cooperation with development districts, chambers of commerce, and State and local governments. (c) DepositsThe Tennessee Valley Authority shall deposit into the Fund $1,000,000 annually for each of the 5 fiscal years commencing in the first fiscal year of the transfer. Funding to carry out this section shall be derived from funding described in section 460lll–49 of this title.

Starting a business? Corpus forms LLCs in all 50 states and DC.

16 U.S.C. § 460lll–31 — Trust Fund | United States Code | Corpus