S.Amdt. 1727
What it does: Adds SEC. 3__. BUREAU OF LAND MANAGEMENT EMERGENCY FIREFIGHTING FUND on page 137, between lines 23 and 24
Sen. Max Baucus (D-MT)What it changes
1 change to H.R. 2691
Adds SEC. 3__. BUREAU OF LAND MANAGEMENT EMERGENCY FIREFIGHTING FUND on page 137, between lines 23 and 24
Adds a sectionPrinted pageInserted: SEC. 3__. BUREAU OF LAND MANAGEMENT EMERGENCY FIREFIGHTING FUND.
Inserted: (a) Establishment.--There is established in the Treasury of the United States a fund to be used to pay 80 percent of the cost to the United States for Bureau of Land Management emergency wildland fire suppression activities that exceed amounts annually appropriated for wildland fire suppression activities (referred to in this section as the "Fund"), consisting of--
Inserted: (1) such amounts as are appropriated to the Fund under subsection (e);
Inserted: (2) such amounts as are appropriated but not expended for fire suppression activities, to be transferred to the Fund by the Secretary of the Interior; and
Inserted: (3) any interest earned on investment of amounts in the Fund under subsection (c).
Inserted: (b) Expenditures From Fund.--Subject to paragraph (2), upon request by the Secretary of the Interior, the Secretary of the Treasury shall transfer from the Fund to the Secretary of the Interior such amounts as the Secretary of the Interior determines is necessary for wildland fire suppression activities under subsection (a).
Inserted: (c) Investment of Amounts.--
Inserted: (1) In general.--The Secretary of the Treasury shall invest such portion of the Fund as is not, in the judgment of the Secretary of the Treasury, required to meet current withdrawals. Investments may be made only in interest-bearing obligations of the United States.
Inserted: (2) Acquisition of obligations.--For the purpose of investments under paragraph (1), obligations may be acquired--
Inserted: (A) on original issue at the issue price; or
Inserted: (B) by purchase of outstanding obligations at the market price.
Inserted: (3) Sale of obligations.--Any obligation acquired by the Fund may be sold by the Secretary of the Treasury at the market price.
Show 22 more inserted paragraphsShow less
Inserted: (4) Credits to fund.--The interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to and form a part of the Fund.
Inserted: (d) Accounting and Reporting System.--The Secretary of the Interior shall establish an accounting and reporting system for the Fund in accordance with National Fire Plan reporting procedures.
Inserted: (e) Authorization of Appropriations.--There are authorized to be appropriated to the Fund--
Inserted: (1) for fiscal year 2004, $160,000,000 for emergency wildland fire suppression activities carried out by the Bureau of Land Management that exceed amounts annually appropriated for wildland fire suppression activities; and
Inserted: (2) for each subsequent fiscal year, such amount as is necessary to maintain in the Fund the amount that is equal to 80 percent of the greatest of the amounts incurred by the Secretary of the Interior for emergency fire suppression during any of the 5 preceding fiscal years that exceed amounts annually appropriated for wildland fire suppression activities.
Inserted: SEC. 3__. FOREST SERVICE EMERGENCY FIREFIGHTING FUND.
Inserted: (a) Establishment.--There is established in the Treasury of the United States a fund to be used to pay 80 percent of the cost to the United States for Forest Service emergency wildland fire suppression activities that exceed amounts annually appropriated for wildland fire suppression activities (referred to in this section as the "Fund"), consisting of--
Inserted: (1) such amounts as are appropriated to the Fund under subsection (e);
Inserted: (2) such amounts as are appropriated but not expended for fire suppression activities, to be transferred to the Fund by the Secretary of Agriculture; and
Inserted: (3) any interest earned on investment of amounts in the Fund under subsection (c).
Inserted: (b) Expenditures From Fund.--Subject to paragraph (2), upon request by the Secretary of Agriculture, the Secretary of the Treasury shall transfer from the Fund to the Secretary of Agriculture such amounts as the Secretary of Agriculture determines is necessary for wildland fire suppression activities under subsection (a).
Inserted: (c) Investment of Amounts.--
Inserted: (1) In general.--The Secretary of the Treasury shall invest such portion of the Fund as is not, in the judgment of the Secretary of the Treasury, required to meet current withdrawals. Investments may be made only in interest-bearing obligations of the United States.
Inserted: (2) Acquisition of obligations.--For the purpose of investments under paragraph (1), obligations may be acquired--
Inserted: (A) on original issue at the issue price; or
Inserted: (B) by purchase of outstanding obligations at the market price.
Inserted: (3) Sale of obligations.--Any obligation acquired by the Fund may be sold by the Secretary of the Treasury at the market price.
Inserted: (4) Credits to fund.--The interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to and form a part of the Fund.
Inserted: (d) Accounting and Reporting System.--The Secretary of Agriculture shall establish an accounting and reporting system for the Fund in accordance with National Fire Plan reporting procedures.
Inserted: (e) Authorization of Appropriations.--There are authorized to be appropriated to the Fund--
Inserted: (1) for fiscal year 2004, $510,000,000 for emergency wildland fire suppression activities carried out by the Forest Service that exceed amounts annually appropriated for wildland fire suppression activities; and
Inserted: (2) for each subsequent fiscal year, such amount as is necessary to maintain in the Fund the amount that is equal to 80 percent of the greatest of the amounts incurred by the Secretary of Agriculture for emergency fire suppression during any of the 5 preceding fiscal years that exceed amounts annually appropriated for wildland fire suppression activities.
Original wording
On page 137, between lines 23 and 24, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1727. Mr. BAUCUS submitted an amendment intended to be proposed by him to the bill H.R. 2691, making appropriations for the Department of the Interior and related agencies for the fiscal year ending September 30, 2004, and for other purposes; which was ordered to lie on the table; as follows:
On page 137, between lines 23 and 24, insert the following:
SEC. 3__. BUREAU OF LAND MANAGEMENT EMERGENCY FIREFIGHTING FUND.
(a) Establishment.--There is established in the Treasury of the United States a fund to be used to pay 80 percent of the cost to the United States for Bureau of Land Management emergency wildland fire suppression activities that exceed amounts annually appropriated for wildland fire suppression activities (referred to in this section as the “Fund”), consisting of--
(1) such amounts as are appropriated to the Fund under subsection (e);
(2) such amounts as are appropriated but not expended for fire suppression activities, to be transferred to the Fund by the Secretary of the Interior; and
(3) any interest earned on investment of amounts in the Fund under subsection (c).
(b) Expenditures From Fund.--Subject to paragraph (2), upon request by the Secretary of the Interior, the Secretary of the Treasury shall transfer from the Fund to the Secretary of the Interior such amounts as the Secretary of the Interior determines is necessary for wildland fire suppression activities under subsection (a).
(c) Investment of Amounts.--
(1) In general.--The Secretary of the Treasury shall invest such portion of the Fund as is not, in the judgment of the Secretary of the Treasury, required to meet current withdrawals. Investments may be made only 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 obligation acquired by the Fund may be sold by the Secretary of the Treasury at the market price.
(4) Credits to fund.--The interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to and form a part of the Fund.
(d) Accounting and Reporting System.--The Secretary of the Interior shall establish an accounting and reporting system for the Fund in accordance with National Fire Plan reporting procedures.
(e) Authorization of Appropriations.--There are authorized to be appropriated to the Fund--
(1) for fiscal year 2004, $160,000,000 for emergency wildland fire suppression activities carried out by the Bureau of Land Management that exceed amounts annually appropriated for wildland fire suppression activities; and
(2) for each subsequent fiscal year, such amount as is necessary to maintain in the Fund the amount that is equal to 80 percent of the greatest of the amounts incurred by the Secretary of the Interior for emergency fire suppression during any of the 5 preceding fiscal years that exceed amounts annually appropriated for wildland fire suppression activities.
SEC. 3__. FOREST SERVICE EMERGENCY FIREFIGHTING FUND.
(a) Establishment.--There is established in the Treasury of the United States a fund to be used to pay 80 percent of the cost to the United States for Forest Service emergency wildland fire suppression activities that exceed amounts annually appropriated for wildland fire suppression activities (referred to in this section as the “Fund”), consisting of--
(1) such amounts as are appropriated to the Fund under subsection (e);
(2) such amounts as are appropriated but not expended for fire suppression activities, to be transferred to the Fund by the Secretary of Agriculture; and
(3) any interest earned on investment of amounts in the Fund under subsection (c).
(b) Expenditures From Fund.--Subject to paragraph (2), upon request by the Secretary of Agriculture, the Secretary of the Treasury shall transfer from the Fund to the Secretary of Agriculture such amounts as the Secretary of Agriculture determines is necessary for wildland fire suppression activities under subsection (a).
(c) Investment of Amounts.--
(1) In general.--The Secretary of the Treasury shall invest such portion of the Fund as is not, in the judgment of the Secretary of the Treasury, required to meet current withdrawals. Investments may be made only 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 obligation acquired by the Fund may be sold by the Secretary of the Treasury at the market price.
(4) Credits to fund.--The interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to and form a part of the Fund.
(d) Accounting and Reporting System.--The Secretary of Agriculture shall establish an accounting and reporting system for the Fund in accordance with National Fire Plan reporting procedures.
(e) Authorization of Appropriations.--There are authorized to be appropriated to the Fund--
(1) for fiscal year 2004, $510,000,000 for emergency wildland fire suppression activities carried out by the Forest Service that exceed amounts annually appropriated for wildland fire suppression activities; and
(2) for each subsequent fiscal year, such amount as is necessary to maintain in the Fund the amount that is equal to 80 percent of the greatest of the amounts incurred by the Secretary of Agriculture for emergency fire suppression during any of the 5 preceding fiscal years that exceed amounts annually appropriated for wildland fire suppression activities.
Legislative Activity
Stay on top of the latest movement without scrolling through every action
Senate amendment submitted
September 17, 2003