FEDERAL · 43 U.S.C. · Chapter 31
Environmental Improvement and Restoration Fund
43 U.S.C. § 1474d
This text of 43 U.S.C. § 1474d (Environmental Improvement and Restoration Fund) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
43 U.S.C. § 1474d.
Text
(a)Fund
One half of the amounts awarded by the Supreme Court to the United States in the case of United States of America v. State of Alaska (117 S.Ct. 1888) shall be deposited in a fund in the Treasury of the United States to be known as the "Environmental Improvement and Restoration Fund" (referred to in this section as the "Fund").
(b)Investments
(1)In general
The Secretary of the Treasury shall invest amounts in the Fund in interest bearing obligations of the United States.
(2)Acquisition of obligations
For the purpose of investments under paragraph (1), obligations may be acquired—
(A)on original issue at the issue price; or
(B)by purchase of outstanding obligations at the market price.
(3)Sale of obligations
Any obligations acquired by the Fund may be sold by the Secretary of
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§ 1852
43 U.S.C. § 1852
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History
(Pub. L. 105–83, title IV, §401, Nov. 14, 1997, 111 Stat. 1607; Pub. L. 105–277, div. A, §101(e) [title III, §331], Oct. 21, 1998, 112 Stat. 2681–231, 2681–293; Pub. L. 106–113, div. B, §1000(a)(3) [title III, §352(a)], Nov. 29, 1999, 113 Stat. 1535, 1501A–209; Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)], Dec. 21, 2000, 114 Stat. 2763, 2763A–239; Pub. L. 108–7, div. F, title III, §334, Feb. 20, 2003, 117 Stat. 277; Pub. L. 119–60, div. H, title LXXXIV, §8431(b), Dec. 18, 2025, 139 Stat. 1919.)
Editorial Notes
Editorial Notes
Amendments
2025—Subsec. (e)(3). Pub. L. 119–60, §8431(b)(1)(E), inserted "Board members appointed under subparagraphs (N) and (O) shall serve for 3-year terms, and may be reappointed once." at end of concluding provisions.
Subsec. (e)(3)(L). Pub. L. 119–60, §8431(b)(1)(A), struck out "and" after semicolon.
Subsec. (e)(3)(O). Pub. L. 119–60, §8431(b)(1)(B)—(D), added subpar. (O).
Subsec. (e)(5), (6). Pub. L. 119–60, §8431(b)(2), (3), added par. (5) and redesignated former par. (5) as (6).
2003—Subsec. (e)(4)(B). Pub. L. 108–7 substituted "15 percent" for "5 percent".
2000—Subsec. (e)(2). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(A)], struck out "and recommended for Secretarial approval" after "shall be reviewed".
Subsec. (e)(3)(A). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(B)], struck out ", who shall be a co-chair of the Board" before semicolon at end.
Subsec. (e)(3)(F). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(C)], which directed amendment of subpar. (F) by striking out ", who shall be a co-chair of the Board", was executed by striking out ", who shall also be a co-chair of the Board" before semicolon at end to reflect the probable intent of Congress.
Subsec. (e)(3)(N). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(G)], which directed amendment of par. (3) by adding subpar. (N) at the end, was executed by adding subpar. (N) after subpar. (M), to reflect the probable intent of Congress.
Subsec. (e)(4)(A). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(D)], struck out "and administer" after "shall review".
Subsec. (e)(4)(B). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(E)], struck out "Grant recommendations and other decisions of the Board shall be by majority vote, with each member having one vote." after "(B)".
Subsec. (e)(5). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(F)], added par. (5).
1999—Subsec. (c). Pub. L. 106–113, §1000(a)(3) [title III, §352(a)(1)], substituted "made available" for "available for appropriation, to the extent provided in the subsequent appropriations Acts," in introductory provisions, inserted "To the extent provided in the subsequent appropriations Acts," before "80 percent of such amounts" in par. (1), and "without further appropriation" after "20 percent of such amounts shall be made available" in par. (2).
Subsec. (f). Pub. L. 106–113, §1000(a)(3) [title III, §352(a)(2)], struck out heading and text of subsec. (f). Text read as follows: "If amounts are not assumed by the concurrent budget resolution and appropriated from the Fund by December 15, 1999, the Fund shall terminate and the amounts in the Fund including the accrued interest shall be applied to reduce the Federal deficit."
1998—Subsec. (f). Pub. L. 105–277 substituted "1999" for "1998".
Statutory Notes and Related Subsidiaries
Waiver
Pub. L. 119–60, div. H, title LXXXIV, §8431(c), Dec. 18, 2025, 139 Stat. 1920, provided that: "Beginning on the date of enactment of this Act [Dec. 18, 2025] and ending on the date that is 5 years after such date of enactment, the 15 percent cap on funds to provide support for the North Pacific Research Board and administer grants under section 401(e)(4)(B) of the Department of the Interior and Related Agencies Appropriations Act, 1998 (43 U.S.C. 1474d(e)(4)(B)) shall be waived."
Transfer of Functions
For transfer of authorities, functions, personnel, and assets of the Coast Guard, including the authorities and functions of the Secretary of Transportation relating thereto, to the Department of Homeland Security, and for treatment of related references, see sections 468(b), 551(d), 552(d), and 557 of Title 6, Domestic Security, and the Department of Homeland Security Reorganization Plan of November 25, 2002, as modified, set out as a note under section 542 of Title 6.
Amendments
2025—Subsec. (e)(3). Pub. L. 119–60, §8431(b)(1)(E), inserted "Board members appointed under subparagraphs (N) and (O) shall serve for 3-year terms, and may be reappointed once." at end of concluding provisions.
Subsec. (e)(3)(L). Pub. L. 119–60, §8431(b)(1)(A), struck out "and" after semicolon.
Subsec. (e)(3)(O). Pub. L. 119–60, §8431(b)(1)(B)—(D), added subpar. (O).
Subsec. (e)(5), (6). Pub. L. 119–60, §8431(b)(2), (3), added par. (5) and redesignated former par. (5) as (6).
2003—Subsec. (e)(4)(B). Pub. L. 108–7 substituted "15 percent" for "5 percent".
2000—Subsec. (e)(2). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(A)], struck out "and recommended for Secretarial approval" after "shall be reviewed".
Subsec. (e)(3)(A). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(B)], struck out ", who shall be a co-chair of the Board" before semicolon at end.
Subsec. (e)(3)(F). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(C)], which directed amendment of subpar. (F) by striking out ", who shall be a co-chair of the Board", was executed by striking out ", who shall also be a co-chair of the Board" before semicolon at end to reflect the probable intent of Congress.
Subsec. (e)(3)(N). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(G)], which directed amendment of par. (3) by adding subpar. (N) at the end, was executed by adding subpar. (N) after subpar. (M), to reflect the probable intent of Congress.
Subsec. (e)(4)(A). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(D)], struck out "and administer" after "shall review".
Subsec. (e)(4)(B). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(E)], struck out "Grant recommendations and other decisions of the Board shall be by majority vote, with each member having one vote." after "(B)".
Subsec. (e)(5). Pub. L. 106–554, §1(a)(4) [div. B, title I, §144(c)(2)(F)], added par. (5).
1999—Subsec. (c). Pub. L. 106–113, §1000(a)(3) [title III, §352(a)(1)], substituted "made available" for "available for appropriation, to the extent provided in the subsequent appropriations Acts," in introductory provisions, inserted "To the extent provided in the subsequent appropriations Acts," before "80 percent of such amounts" in par. (1), and "without further appropriation" after "20 percent of such amounts shall be made available" in par. (2).
Subsec. (f). Pub. L. 106–113, §1000(a)(3) [title III, §352(a)(2)], struck out heading and text of subsec. (f). Text read as follows: "If amounts are not assumed by the concurrent budget resolution and appropriated from the Fund by December 15, 1999, the Fund shall terminate and the amounts in the Fund including the accrued interest shall be applied to reduce the Federal deficit."
1998—Subsec. (f). Pub. L. 105–277 substituted "1999" for "1998".
Statutory Notes and Related Subsidiaries
Waiver
Pub. L. 119–60, div. H, title LXXXIV, §8431(c), Dec. 18, 2025, 139 Stat. 1920, provided that: "Beginning on the date of enactment of this Act [Dec. 18, 2025] and ending on the date that is 5 years after such date of enactment, the 15 percent cap on funds to provide support for the North Pacific Research Board and administer grants under section 401(e)(4)(B) of the Department of the Interior and Related Agencies Appropriations Act, 1998 (43 U.S.C. 1474d(e)(4)(B)) shall be waived."
Transfer of Functions
For transfer of authorities, functions, personnel, and assets of the Coast Guard, including the authorities and functions of the Secretary of Transportation relating thereto, to the Department of Homeland Security, and for treatment of related references, see sections 468(b), 551(d), 552(d), and 557 of Title 6, Domestic Security, and the Department of Homeland Security Reorganization Plan of November 25, 2002, as modified, set out as a note under section 542 of Title 6.
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43 U.S.C. § 1474d, Counsel Stack Legal Research, https://law.counselstack.com/usc/43/1474d.