To ensure the perpetual operation of water treatment centers at the Zortman/Landusky mine replacement site.
What it does: Inserts new text at the end of title III
Sen. Conrad R. Burns (R-MT)Inserts new text at the end of title III
InsertsInserted: SEC. . ZORTMAN/LANDUSKY MINE RECLAMATION TRUST FUND.
Inserted: (a) Establishment.--There is established in the Treasury of the United States a fund to be known as the "Zortman/ Landusky Mine Reclamation Trust Fund" (referred to in this section as the "Fund").
Inserted: (b) For the fiscal year during which this Act is enacted and each fiscal year thereafter until the aggregate amount deposited in the Fund under this subsection is equal to at least $22,500,000, the Secretary of the Treasury shall deposit $2,250,000 in the Fund.
Inserted: (c) Investments.--The Secretary of the Treasury shall invest the amounts deposited under subsection (b) only in interest-bearing obligations of the United States or in obligations guaranteed by the United States as to both principal and interest.
Inserted: (d) Payments.--
Inserted: (1) In general.--All amounts credited as interest under subsection (c) may be available, without fiscal year limitation, to the State of Montana for use in accordance with paragraph (3) after the Fund has been fully capitalized.
Inserted: (2) Withdrawal and transfer of funds.--The Secretary of the Treasury shall withdraw amounts credited as interest under paragraph (1) and transfer the amounts to the State of Montana for use as State funds in accordance with paragraph (3) after the Fund has been fully capitalized.
Inserted: (3) Use of transferred funds.--The State of Montana shall use the amounts transferred under paragraph (2) only to supplement funding available from the State Administered "Zortman/Landusky Long-Term Water Treatment Trust Fund" to fund annual operation and maintenance costs for water treatment related to the Zortman/Landusky mine site and reclamation areas.
Inserted: (e) Transfers and Withdrawals.--The Secretary of the Treasury may not transfer or withdraw any amount deposited under subsection (b).
Inserted: (f) Administrative Expenses.--There are authorized to be appropriated to the Secretary of the Treasury such sums as are necessary to pay the administrative expenses of the Fund.
Original wording
At the end of Title III of the bill insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
At the end of Title III of the bill insert the following:
SEC. . ZORTMAN/LANDUSKY MINE RECLAMATION TRUST FUND.
(a) Establishment.--There is established in the Treasury of the United States a fund to be known as the “Zortman/ Landusky Mine Reclamation Trust Fund” (referred to in this section as the “Fund”).
(b) For the fiscal year during which this Act is enacted and each fiscal year thereafter until the aggregate amount deposited in the Fund under this subsection is equal to at least $22,500,000, the Secretary of the Treasury shall deposit $2,250,000 in the Fund.
(c) Investments.--The Secretary of the Treasury shall invest the amounts deposited under subsection (b) only in interest-bearing obligations of the United States or in obligations guaranteed by the United States as to both principal and interest.
(d) Payments.--
(1) In general.--All amounts credited as interest under subsection (c) may be available, without fiscal year limitation, to the State of Montana for use in accordance with paragraph (3) after the Fund has been fully capitalized.
(2) Withdrawal and transfer of funds.--The Secretary of the Treasury shall withdraw amounts credited as interest under paragraph (1) and transfer the amounts to the State of Montana for use as State funds in accordance with paragraph (3) after the Fund has been fully capitalized.
(3) Use of transferred funds.--The State of Montana shall use the amounts transferred under paragraph (2) only to supplement funding available from the State Administered “Zortman/Landusky Long-Term Water Treatment Trust Fund” to fund annual operation and maintenance costs for water treatment related to the Zortman/Landusky mine site and reclamation areas.
(e) Transfers and Withdrawals.--The Secretary of the Treasury may not transfer or withdraw any amount deposited under subsection (b).
(f) Administrative Expenses.--There are authorized to be appropriated to the Secretary of the Treasury such sums as are necessary to pay the administrative expenses of the Fund.
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Senate amendment submitted
September 23, 2003
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Senate amendment submitted
September 23, 2003
Senate amendment agreed to: Amendment SA 1773 agreed to in Senate by Unanimous Consent.
September 23, 2003
Senate amendment proposed (on the floor): Amendment SA 1773 proposed by Senator Burns.(consideration: CR S11816-11819; text: CR S11817-11818)
September 23, 2003
Amendment SA 1773 proposed by Senator Burns. (consideration: CR S11816-11819; text: CR S11817-11818) To ensure the perpetual operation of water treatment centers at the Zortman/Landusky mine replacement site.
September 23, 2003
Amendment SA 1773 agreed to in Senate by Unanimous Consent.
September 23, 2003