S.Amdt. 2508

SA 2508. Mr. CRAPO (for himself, Mr. Wyden, Mr. Merkley, and Mr.
Risch) submitted an amendment intended to be proposed to amendment SA
2137 proposed by Mr. Schumer (for Ms. Sinema (for herself, Mr. Portman,
Mr. Manchin, Mr. Cassidy, Mrs. Shaheen, Ms. Collins, Mr. Tester, Ms.
Murkowski, Mr. Warner, and Mr. Romney)) to the bill H.R. 3684, to
authorize funds for Federal-aid highways, highway safety programs, and
transit programs, and for other purposes; which was ordered to lie on
the table; as follows:

At the end of division G, add the following:

TITLE XII--FOREST MANAGEMENT FOR RURAL STABILITY

SEC. 71201. SHORT TITLE.

This title may be cited as the ``Forest Management for
Rural Stability Act''.

[[Page S5854]]

SEC. 71202. FEDERAL CHARTER FOR FOREST AND REFUGE COUNTY
FOUNDATION AND ESTABLISHMENT OF NATURAL
RESOURCES PERMANENT FUND.

(a) Federal Charter for Forest and Refuge County
Foundation.--Subtitle III of title 36, United States Code, is
amended by inserting after chapter 3001 the following:

``CHAPTER 3002--FOREST AND REFUGE COUNTY FOUNDATION

``Sec.
``300201. Definitions.
``300202. Establishment.
``300203. Status and applicable laws.
``300204. Board of Directors.
``300205. Bylaws and duties.
``300206. Authority of Corporation.
``300207. Establishment of Natural Resources Permanent Fund.

``Sec. 300201. Definitions

``In this chapter:
``(1) Agency head.--The term `agency head' means--
``(A) the Secretary of the Treasury;
``(B) the Chief of the Forest Service;
``(C) the Director of the Bureau of Land Management; and
``(D) the Director of the United States Fish and Wildlife
Service.
``(2) Board.--The term `Board' means the Board of Directors
of the Corporation.
``(3) Chairperson.--The term `Chairperson' means the
Chairperson of the Board.
``(4) Corporation.--The term `Corporation' means the Forest
and Refuge County Foundation established by section 300202.
``(5) County payment; full funding amount; state payment.--
The terms `county payment', `full funding amount', and `State
payment' have the meanings given those terms in section 3 of
the Secure Rural Schools and Community Self-Determination Act
of 2000 (16 U.S.C. 7102).
``(6) Eligible county.--
``(A) In general.--The term `eligible county' means--
``(i) a county that is eligible for a payment under the
Secure Rural Schools and Community Self-Determination Act of
2000 (16 U.S.C. 7101 et seq.), with respect to an account
established by paragraph (1) or (2) of section 300207(b); or
``(ii) a county that is eligible for a payment under
section 401(c) of the Act of June 15, 1935 (commonly known as
the `Refuge Revenue Sharing Act') (49 Stat. 383, chapter 261;
16 U.S.C. 715s(c)), with respect to the account established
by section 300207(b)(3).
``(B) Exclusion.--The term `eligible county' does not
include a county that has elected to opt out of distributions
from the Fund under section 300207(e)(4)(A).
``(7) Fund.--The term `Fund' means the Natural Resources
Permanent Fund established by section 300207(a).
``(8) Highest historic payment.--The term `highest historic
payment' means--
``(A) with respect to the Forest Service Account of the
Fund, an amount equal to the total amount of State payments
received under section 101(a) of the Secure Rural Schools and
Community Self-Determination Act of 2000 (16 U.S.C. 7111(a))
for fiscal year 2008 (as adjusted to reflect changes during
the period beginning on October 1, 2008, in the Consumer
Price Index for All Urban Consumers published by the Bureau
of Labor Statistics of the Department of Labor); and
``(B) with respect to the Bureau of Land Management Account
of the Fund, an amount equal to the total amount of county
payments received under section 101(b) of the Secure Rural
Schools and Community Self-Determination Act of 2000 (16
U.S.C. 7111(b)) for fiscal year 2006 (as adjusted to reflect
changes during the period beginning on October 1, 2006, in
the Consumer Price Index for All Urban Consumers published by
the Bureau of Labor Statistics of the Department of Labor).
``(9) Manager.--The term `manager' means the manager of
investments employed by the Board pursuant to section
300205(c)(3).
``(10) Resource advisory committee.--The term `resource
advisory committee' means--
``(A) a resource advisory committee established under
section 205 of the Secure Rural Schools and Community Self-
Determination Act of 2000 (16 U.S.C. 7125) (as in effect on
the day before the date of enactment of this chapter); and
``(B) an advisory council established pursuant to section
309(a) of the Federal Land Policy and Management Act of 1976
(43 U.S.C. 1739(a)).
``(11) Secretary concerned.--The term `Secretary concerned'
means--
``(A) the Secretary of Agriculture, with respect to the
account established by section 300207(b)(1); and
``(B) the Secretary of the Interior, with respect to an
account established by paragraph (2) or (3) of section
300207(b).

``Sec. 300202. Establishment

``There is established a federally chartered, nonprofit
corporation, to be known as the `Forest and Refuge County
Foundation', which shall be incorporated in the State of
Oregon.

``Sec. 300203. Status and applicable laws

``(a) Non-Federal Entity.--The Corporation is not--
``(1) a department, agency, or instrumentality of the
United States Government; or
``(2) subject to title 31.
``(b) Liability.--The United States Government shall not be
liable for the actions or inactions of the Corporation.
``(c) Nonprofit Corporation.--The Corporation shall have
and maintain the status of the Corporation as a nonprofit
corporation exempt from taxation under the Internal Revenue
Code of 1986.

``Sec. 300204. Board of Directors

``(a) Authority.--The powers of the Corporation shall be
vested in a Board of Directors that governs the Corporation.
``(b) Membership.--
``(1) Composition.--The Board shall be composed of 11
members, of whom--
``(A) 3 shall be appointed by the Chief of the Forest
Service;
``(B) 2 shall be appointed by the Director of the Bureau of
Land Management; and
``(C) 6 shall be appointed by the Secretary of the
Treasury.
``(2) Qualifications.--In making appointments under
paragraph (1), the agency heads shall--
``(A) appoint members who represent the various regions of
the United States; and
``(B) ensure that the membership of the Board is--
``(i) apolitical; and
``(ii) fairly balanced in terms of--

``(I) the points of view represented; and
``(II) the functions to be performed by the Board, by
appointing--

``(aa) 3 members who are county elected officials, as of
the date of appointment of the members, of whom--
``(AA) 1 shall be an elected official of a county that
contains Federal land described in section 3(7)(A) of the
Secure Rural Schools and Community Self-Determination Act of
2000 (16 U.S.C. 7102(7)(A));
``(BB) 1 shall be an elected official of a county that
contains Federal land described in section 3(7)(B) of the
Secure Rural Schools and Community Self-Determination Act of
2000 (16 U.S.C. 7102(7)(B)); and
``(CC) 1 shall be an elected official of a county that is
eligible for a payment under section 401(c) of the Act of
June 15, 1935 (commonly known as the `Refuge Revenue Sharing
Act') (49 Stat. 383, chapter 261; 16 U.S.C. 715s(c));
``(bb) 1 member to represent rural economic development
interests;
``(cc) 6 members with expert experience in fund management
or finance; and
``(dd) 1 member to represent education interests.
``(3) Prohibition.--A member of the Board, other than a
member described in paragraph (2)(B)(ii)(II)(aa), shall not
hold an office, position, or employment in any political
party.
``(4) Date.--The appointments of the members of the Board
shall be made not later than 90 days after the date of
enactment of this chapter.
``(c) Chairperson.--
``(1) In general.--The Chairperson of the Board shall be
selected from among the members of the Board by a majority
vote of the members.
``(2) Term of service.--The Chairperson of the Board--
``(A) shall serve for a term of not longer than 4 years;
and
``(B) may be reelected to serve an additional term, subject
to the condition that the Chairperson may serve for not more
than 2 consecutive terms.
``(d) Terms.--
``(1) In general.--The term of the members of the Board
shall be 6 years, except that the agency heads shall
designate staggered terms for the members initially appointed
to the Board.
``(2) Reappointment.--A member of the Board may be
reappointed to serve an additional term, subject to the
condition that the member may serve for not more than 2
consecutive terms.
``(e) Vacancy.--A vacancy on the Board shall be filled--
``(1) by not later than 90 days after the date on which the
vacancy occurs; and
``(2) in the manner in which the original appointment was
made.
``(f) Transitions.--Any member of the Board may continue to
serve after the expiration of the term for which the member
was appointed or elected until a qualified successor has been
appointed or elected.
``(g) Meetings and Quorum.--
``(1) Meetings.--
``(A) In general.--The Board shall meet--
``(i) not less frequently than once each calendar year; and
``(ii)(I) at the call of--

``(aa) the Chairperson; or
``(bb) 3 or more members; or

``(II) as otherwise provided in the bylaws of the
Corporation.
``(B) Initial meeting.--Not later than 150 days after the
date of enactment of this chapter, the Board shall hold an
initial meeting of the Board.
``(2) Quorum.--A quorum of the Board, consisting of a
majority of the members of the Board, shall be required to
conduct any business of the Board.
``(3) Approval of board actions.--Except as otherwise
provided, the threshold for approving Board actions shall be
as set forth in the bylaws of the Corporation.
``(h) Reimbursement of Expenses.--
``(1) In general.--A voting member of the Board--
``(A) shall serve without pay; but
``(B) subject to paragraph (2), may be reimbursed for the
actual and necessary traveling and subsistence expenses
incurred by the member in the performance of duties for the
Corporation.
``(2) Maximum amount.--The amount of reimbursement under
paragraph (1)(B) may not exceed the amount that would be
authorized under section 5703 of title 5 for the payment

[[Page S5855]]

of expenses and allowances for an individual employed
intermittently in the Federal Government service.

``Sec. 300205. Bylaws and duties

``(a) In General.--The Board shall adopt, and may amend,
the bylaws of the Corporation.
``(b) Bylaws.--The bylaws of the Corporation shall include,
at a minimum--
``(1) the duties and responsibilities of the Board; and
``(2) the operational procedures of the Corporation.
``(c) Duties and Responsibilities of Board.--The Board
shall be responsible for actions of the Corporation,
including--
``(1)(A) employing individuals at the Corporation to
provide investment management services; or
``(B) retaining the services of investment management
services providers;
``(2) employing individuals at the Corporation to provide
accounting and administrative services;
``(3) employing a manager of investments to manage the
amounts authorized to be invested by the Board in accordance
with subsection (d);
``(4) entering into a contract with 1 or more banking or
trust entities to act as the custodian of the assets of the
Fund; and
``(5) engaging other appropriate professional service
providers to support the Board and the employees of the Board
in carrying out the duties and responsibilities of the Board
under this chapter.
``(d) Authority of Manager.--Subject to the direction of
the Board, the manager shall have control over the amounts
under the jurisdiction of the Board in the same manner as if
the manager owned those amounts.

``Sec. 300206. Authority of Corporation

``Except as otherwise provided in this chapter, the
Corporation, acting through the manager, shall have the
authority--
``(1) to manage the Fund;
``(2) to make investments of amounts in the Fund under
section 300207(d);
``(3) to make distributions from the Fund under section
300207(e)(2); and
``(4) to review certifications submitted by participating
counties under section 303(a) of the Secure Rural Schools and
Community Self-Determination Act of 2000 (16 U.S.C. 7143(a)).

``Sec. 300207. Establishment of Natural Resources Permanent
Fund

``(a) Establishment.--There is established within the
Corporation a permanent fund, to be known as the `Natural
Resources Permanent Fund', consisting of--
``(1) amounts deposited in the accounts under subsection
(b);
``(2) amounts deposited by an eligible county or State
under subsection (c)(1);
``(3) amounts credited to the Fund under subsection (d)(3);
and
``(4) amounts appropriated to the Fund under paragraph (1)
of subsection (i), subject to paragraph (2) of that
subsection.
``(b) Accounts.--Within the Fund, there are established the
following accounts:
``(1) The Forest Service Account, consisting of the amounts
transferred under section 71203(b)(2) of the Forest
Management for Rural Stability Act.
``(2) The Bureau of Land Management Account, consisting of
the amounts transferred under subsections (c)(2) and (d)(2)
of section 71203 of the Forest Management for Rural Stability
Act.
``(3) The United States Fish and Wildlife Service Account,
consisting of the amounts transferred under section
71203(e)(2) of the Forest Management for Rural Stability Act.
``(4) The Voluntary County Savings Account, consisting of
voluntary contributions of additional funds transferred under
subsection (c)(2)(A)(i).
``(c) Voluntary Contributions of Additional Funds.--
``(1) In general.--Subject to paragraph (2), the
Corporation may at any time accept from eligible counties and
States voluntary contributions of amounts to be deposited in
the Fund, for investment by the Corporation, in accordance
with this chapter.
``(2) Limitation.--Any amounts contributed under paragraph
(1)--
``(A) shall be--
``(i) transferred to the Voluntary County Savings Account;
and
``(ii) maintained within a segregated account in that
Account for each contributing county; and
``(B) may only be distributed to the eligible county or
State that deposited the amounts, in accordance with this
chapter and paragraph (3).
``(3) Distributions.--Distributions to an eligible county
or a State under paragraph (2)(B)--
``(A) shall be made by not later than 30 days after the
date of receipt of a written request of the applicable
eligible county or State;
``(B) shall not be subject to any restrictions or
limitations associated with distributions made from an
account established by paragraph (1), (2), or (3) of
subsection (b); and
``(C) may only be used for a governmental purpose that
complies with the budget laws of the applicable State.
``(d) Investments of Fund.--
``(1) Investment policy.--
``(A) In general.--Not later than 180 days after the date
of enactment of this chapter, the Board shall develop an
investment policy for the investment of amounts in the Fund.
``(B) Requirement.--For purposes of the investment policy
developed under subparagraph (A), the Corporation shall--
``(i) seek to achieve at least a 5-percent rate of return
on investments of the Fund, net of inflation; and
``(ii) adopt asset management strategies that are
consistent with the standard of care established under the
Uniform Prudent Management of Institutional Funds Act of 2007
(D.C. Code 44-1631 et seq.).
``(C) Periodic updates.--The Corporation shall--
``(i) not less frequently than annually, review the
investment policy developed under subparagraph (A); and
``(ii) based on a review conducted under clause (i), modify
the investment policy as the Corporation determines to be
appropriate.
``(2) Investment services.--For purposes of investing
amounts in the Fund, the Corporation may--
``(A) employ individuals at the Corporation to provide
investment management services; or
``(B) retain the services of investment management services
providers.
``(3) Income.--Income from any investments of amounts from
an account within the Fund shall be credited to the
applicable account within the Fund.
``(e) Expenditures From Fund.--
``(1) Availability of funds.--Beginning in fiscal year
2024, for each fiscal year, the Corporation shall make
available for distribution in accordance with this subsection
4.5 percent of amounts in each account within the Fund
established by paragraph (1), (2), or (3) of subsection (b),
as determined by the Corporation, based on--
``(A) for fiscal years 2024, 2025, and 2026, the average
fiscal year-end balance of the applicable account; and
``(B) thereafter, the average fiscal year-end balance of
the applicable account during the 3-year period preceding the
date of the determination.
``(2) Distributions.--
``(A) Forest service account and bureau of land management
account.--
``(i) In general.--Beginning in fiscal year 2024, for each
fiscal year, of the amounts in each of the Forest Service and
the Bureau of Land Management Accounts within the Fund
available for distribution for the fiscal year, as determined
under paragraph (1)--

``(I) 85 percent shall be used to make payments to eligible
States and eligible counties in accordance with title I of
the Secure Rural Schools and Community Self-Determination Act
of 2000 (16 U.S.C. 7111 et seq.) and clause (ii); and
``(II) 15 percent shall be used to make payments to
eligible States and eligible counties in accordance with
title III of the Secure Rural Schools and Community Self-
Determination Act of 2000 (16 U.S.C. 7141 et seq.).

``(ii) Calculation and distribution of authorized
payments.--

``(I) Availability.--Not later than 14 days after the
beginning of each fiscal year, the Corporation shall submit
to the Secretary concerned a description of the amount
available in each of the Forest Service and the Bureau of
Land Management Accounts within the Fund available to make
payments for the fiscal year, as determined under paragraph
(1), to--

``(aa) eligible States under subsection (a) of section 101
of the Secure Rural Schools and Community Self-Determination
Act of 2000 (16 U.S.C. 7111), with respect to the Forest
Service Account; and
``(bb) eligible counties under subsection (b) of that
section, with respect to the Bureau of Land Management
Account.

``(II) Calculation.--Not later than 14 days after the date
on which the Corporation submits the information under
subclause (I), based on the information provided under that
subclause and the amounts otherwise available to the
Secretary concerned for the fiscal year to make payments to
eligible counties under the Secure Rural Schools and
Community Self-Determination Act of 2000 (16 U.S.C. 7101 et
seq.), as determined by the Secretary concerned, the
Secretary concerned shall, based on the formulas for
authorized payments established under that Act, calculate and
submit to the Corporation the authorized payment amount for
each eligible county, including--

``(aa) the amount of the authorized payment for each
eligible county to be paid from the applicable account in the
Fund; and
``(bb) the amount of the authorized payment to be paid for
each eligible county using amounts made available under
section 402 of the Secure Rural Schools and Community Self-
Determination Act of 2000 (16 U.S.C. 7152).

``(III) Distribution.--Subject to subparagraphs (C) and
(D), not later than 40 days after the date on which the
Secretary concerned submits the information to the
Corporation under subclause (II)--

``(aa) the Corporation shall--
``(AA) distribute from the Forest Service Account within
the Fund to States, for redistribution to the eligible
counties, the amount of the authorized payment to be paid to
eligible counties within the State under section 101(a) of
the Secure Rural Schools and Community Self-Determination Act
of 2000 (16 U.S.C. 7111(a)), as determined under subclause
(II)(aa), to be used for the purposes authorized under title
I or III of that Act (16 U.S.C. 7111 et seq.);
``(BB) distribute from the Bureau of Land Management
Account within the Fund to the eligible counties the amount
of the authorized payment to be paid to eligible counties
under section 101(b) of the Secure Rural

[[Page S5856]]

Schools and Community Self-Determination Act of 2000 (16
U.S.C. 7111(b)), as determined under subclause (II)(aa), to
be used for the purposes authorized under title I or III of
that Act (16 U.S.C. 7111 et seq.); and
``(CC) submit to the Secretary concerned a description of
the amounts distributed under subitems (AA) and (BB); and
``(bb) except as provided in subparagraph (C)(ii)(II), the
Secretary concerned shall pay to eligible counties, and to
the State for redistribution to eligible counties, the amount
of the authorized payments under subclause (II)(bb).
``(B) United states fish and wildlife service account.--
``(i) In general.--Beginning in fiscal year 2024, for each
fiscal year, amounts in the United States Fish and Wildlife
Service Account within the Fund available for distribution
for the fiscal year, as determined under paragraph (1), shall
be used to make payments to eligible counties, in accordance
with section 401(c) of the Act of June 15, 1935 (commonly
known as the `Refuge Revenue Sharing Act') (49 Stat. 383,
chapter 261; 16 U.S.C. 715s(c)) and clause (ii).
``(ii) Calculation and distribution of authorized
payments.--

``(I) Availability.--Not later than 14 days after the
beginning of each fiscal year, the Corporation shall submit
to the Secretary concerned a description of the amount
available in United States Fish and Wildlife Service Account
within the Fund available to make authorized payments to
eligible counties for the fiscal year under section 401(c) of
the Act of June 15, 1935 (commonly known as the `Refuge
Revenue Sharing Act') (49 Stat. 383, chapter 261; 16 U.S.C.
715s(c)), as determined under paragraph (1).
``(II) Calculation.--Not later than 14 days after the date
on which the Corporation submits the information under
subclause (I), based on the information provided under that
subclause and the amounts otherwise available to the
Secretary concerned for the fiscal year to make payments to
eligible counties under section 401(c) of the Act of June 15,
1935 (commonly known as the `Refuge Revenue Sharing Act') (49
Stat. 383, chapter 261; 16 U.S.C. 715s(c)), as determined by
the Secretary concerned, the Secretary concerned shall, based
on the formulas for authorized payments established under
that Act, calculate and submit to the Corporation the
authorized payment amount for each eligible county,
including--

``(aa) the amount of the authorized payment for each
eligible county to be paid from the United States Fish and
Wildlife Service Account within the Fund; and
``(bb) the amount of the authorized payment to be paid for
each eligible county using amounts made available under
section 401(c) of the Act of June 15, 1935 (commonly known as
the `Refuge Revenue Sharing Act') (49 Stat. 383, chapter 261;
16 U.S.C. 715s(c)).

``(III) Distribution.--Subject to subparagraphs (C) and
(D), not later than 40 days after the date on which the
Secretary concerned submits the information to the
Corporation under subclause (II)--

``(aa) the Corporation shall--
``(AA) distribute from the United States Fish and Wildlife
Service Account within the Fund to the eligible counties the
amount of the authorized payment to be paid from that Account
to eligible counties, as determined under subclause (II)(aa),
to be used for the purposes authorized under section
401(c)(5)(C) of the Act of June 15, 1935 (commonly known as
the `Refuge Revenue Sharing Act') (49 Stat. 383, chapter 261;
16 U.S.C. 715s(c)(5)(C)); and
``(BB) submit to the Secretary concerned a description of
the amounts distributed under subitem (AA); and
``(bb) except as provided in subparagraph (C)(ii)(II), the
Secretary concerned shall pay to the eligible counties the
amount to be paid for eligible counties under subclause
(II)(bb).
``(C) Minimum payment amount.--
``(i) In general.--Notwithstanding subparagraphs (A) and
(B), the minimum amount of a payment to be distributed to a
State or eligible county under subitem (AA) or (BB) of
subparagraph (A)(ii)(III)(aa) or subparagraph
(B)(ii)(III)(aa)(AA) for a fiscal year shall be the amount of
the payment authorized to be made to the State or eligible
county for fiscal year 2017 under the Secure Rural Schools
and Community Self-Determination Act of 2000 (16 U.S.C. 7101
et seq.) or section 401(c) of the Act of June 15, 1935
(commonly known as the `Refuge Revenue Sharing Act') (49
Stat. 383, chapter 261; 16 U.S.C. 715s(c)), as applicable (as
adjusted to reflect changes during the period beginning on
October 1, 2017, in the Consumer Price Index for All Urban
Consumers published by the Bureau of Labor Statistics of the
Department of Labor).
``(ii) Obligation of secretary.--The Secretary concerned--

``(I) shall only make a payment to a State or eligible
county under subparagraph (A)(ii)(III)(bb) or
(B)(ii)(III)(bb) for a fiscal year if the Secretary concerned
determines that the amount of the payment to be distributed
from the Fund to the State or eligible county under subitem
(AA) or (BB) of subparagraph (A)(ii)(III)(aa) or subparagraph
(B)(ii)(III)(aa)(AA) is less than the minimum payment amount
required under clause (i); and
``(II) if the Secretary concerned determines that the
amount of a payment to be distributed to a State or eligible
county under subitem (AA) or (BB) of subparagraph
(A)(ii)(III)(aa) or subparagraph (B)(ii)(III)(aa)(AA) would
exceed the minimum payment amount required under clause (i),
shall not make the payment otherwise required under
subparagraph (A)(ii)(III)(bb) or (B)(ii)(III)(bb), as
applicable, for the fiscal year.

``(D) Maximum payment amount.--
``(i) In general.--Notwithstanding subparagraphs (A) and
(B), in any case in which the total amount of payments to be
distributed by the Corporation to States or eligible
counties, as applicable, from an account within the Fund for
a fiscal year, as calculated under subparagraph
(A)(ii)(II)(aa) or (B)(ii)(II)(aa), as applicable, would
exceed the applicable highest historic payment, the
Corporation shall reduce the total amount to be distributed
under subitem (AA) or (BB) of subparagraph (A)(ii)(III)(aa)
or subparagraph (B)(ii)(III)(aa)(AA), as applicable, to the
amount of the applicable highest historic payment.
``(ii) Effect of meeting maximum.--For any fiscal year for
which amounts in the Fund are sufficient to ensure that each
State and eligible county receives from an account within the
Fund for a fiscal year, as calculated under subparagraph
(A)(ii)(II)(aa) or (B)(ii)(II)(aa), as applicable,
distributions equal to the applicable highest historic
payment, such that the distributions from the account are
reduced under clause (i), the States and eligible counties
shall receive, in addition to those payments from the Fund,
any payments authorized for the State or eligible county
under--

``(I) the sixth paragraph under the heading `forest
service' in the Act of May 23, 1908 (35 Stat. 260, chapter
192; 16 U.S.C. 500), and section 13 of the Act of March 1,
1911 (commonly known as the `Weeks Law') (36 Stat. 963,
chapter 186; 16 U.S.C. 500);
``(II) subsection (a) of title II of the Act of August 28,
1937 (50 Stat. 875, chapter 876; 43 U.S.C. 2605);
``(III) the first section of the Act of May 24, 1939 (53
Stat. 753, chapter 144; 43 U.S.C. 2621); or
``(IV) section 401(c) of the Act of June 15, 1935 (commonly
known as the `Refuge Revenue Sharing Act') (49 Stat. 383,
chapter 261; 16 U.S.C. 715s(c)).

``(3) Administrative expenses.--
``(A) In general.--Beginning in fiscal year 2024, for each
fiscal year, of the total amounts in the Fund, there shall be
made available to the Corporation from the Fund for the
payment of administrative expenses described in subparagraph
(B)--
``(i) if the total amounts in the Fund as of the date of
the determination is not less than $100,000,000, an amount
equal to the lesser of--

``(I) an amount equal to not more than 0.5 percent of the
total amounts in the Fund, as of that date; and
``(II) $30,000,000 (as adjusted to reflect changes during
the period beginning on October 1, 2021, in the Consumer
Price Index for All Urban Consumers published by the Bureau
of Labor Statistics of the Department of Labor); and

``(ii) if the total amounts in the Fund as of the date of
the determination is less than $100,000,000, an amount equal
to not more than 1.0 percent of the total amounts in the
Fund, as of that date.
``(B) Use.--Amounts made available for administrative
expenses under subparagraph (A) may be used by the
Corporation--
``(i) to ensure that amounts in Fund are managed in a
manner consistent with the asset management strategies
adopted under subsection (d)(1);
``(ii) to pay other administrative costs relating to the
Fund, including the costs of managing the Fund, conducting
audits of the Fund, and complying with reporting requirements
relating to the Fund; and
``(iii) to reimburse members of the Board for actual and
necessary traveling and subsistence expenses, in accordance
with section 300204(h).
``(4) Elections to opt out and opt in.--
``(A) Opting out.--
``(i) In general.--Not later than October 1, 2026, a county
described in clause (i) or (ii) of section 300201(6)(A) may
make a 1-time election to opt out of distributions from the
Fund under this chapter by submitting to the Secretary
concerned a written notice of the election.
``(ii) Effect.--Subject to subparagraph (B), an election
under clause (i) to opt out of distributions from the Fund
shall be applicable for--

``(I) the fiscal year during which the notice under that
clause is submitted; and
``(II) each subsequent fiscal year.

``(iii) No effect on other payments.--An election by a
county to opt out of distributions from the Fund under clause
(i) shall not affect the eligibility of the county to receive
any payment authorized for the county under--

``(I) the sixth paragraph under the heading `forest
service' in the Act of May 23, 1908 (35 Stat. 260, chapter
192; 16 U.S.C. 500), and section 13 of the Act of March 1,
1911 (commonly known as the `Weeks Law') (36 Stat. 963,
chapter 186; 16 U.S.C. 500);
``(II) subsection (a) of title II of the Act of August 28,
1937 (50 Stat. 875, chapter 876; 43 U.S.C. 2605);
``(III) the first section of the Act of May 24, 1939 (53
Stat. 753, chapter 144; 43 U.S.C. 2621); or

[[Page S5857]]

``(IV) section 401(c) of the Act of June 15, 1935 (commonly
known as the `Refuge Revenue Sharing Act') (49 Stat. 383,
chapter 261; 16 U.S.C. 715s(c)).

``(iv) Treatment.--A county described in clause (i) or (ii)
of section 300201(6)(A) that has not submitted to the
Secretary concerned a written notice of an election to opt
out of distributions from the Fund under clause (i) shall be
deemed to have opted in to those distributions.
``(B) Notice to opt in.--A county that has elected to opt
out of distributions from the Fund under subparagraph (A) may
opt back in to the distributions for all subsequent fiscal
years by submitting to the Secretary concerned, by not later
than the date that is 2 years after the date on which the
county submits the written notice under subparagraph (A)(i),
a notice of the intent of the county to opt back in.
``(f) Reports.--
``(1) Quarterly reports.--Not later than 90 days after the
date of enactment of this chapter and every 90 days
thereafter, the Corporation shall submit to the Secretary of
the Treasury a quarterly report that describes, with full
transparency, for the period covered by report--
``(A) the assets of the Fund, including a description of
the investment policy used for the Fund; and
``(B) the performance of investments in the Fund.
``(2) Annual report.--Annually, the Corporation shall
submit to the Committee on Finance of the Senate and the
Committee on Ways and Means of the House of Representatives,
and make publically available in an online searchable
database in a machine-readable format, a report describing
the activities of the Corporation for the period covered by
the report, including, at a minimum, information relating
to--
``(A) the growth of the Fund; and
``(B) applicable sources of revenue.
``(g) Annual Audits.--Not later than 1 year after the date
of enactment of this chapter and annually thereafter, the
Inspector General of the Department of the Treasury shall
conduct an audit of the Fund.
``(h) Oversight.--The Inspector General of the Department
of the Treasury shall conduct periodic reviews of the
exercise by the Corporation of the fiduciary and statutory
duties of the Corporation.
``(i) Funding.--
``(1) In general.--Beginning in fiscal year 2022, out of
any funds in the Treasury not otherwise appropriated, the
Secretary of the Treasury shall transfer to the Fund 110
percent of such sums as are necessary to ensure that the
required minimum payment amounts under subsection
(e)(2)(C)(i) can be provided.
``(2) Allocation among accounts.--The amounts appropriated
to the Fund under paragraph (1) shall be allocated among the
Forest Service Account, the Bureau of Land Management
Account, and the United States Fish and Wildlife Service
Account in a manner that ensures that--
``(A) the amount allocated to the Forest Service Account is
determined in accordance with the ratio that--
``(i) the total amount of State payments under the Secure
Rural Schools and Community Self-Determination Act of 2000
(16 U.S.C. 7101 et seq.) for fiscal year 2017; bears to
``(ii) an amount equal to the sum of--

``(I) the full funding amount for the Secure Rural Schools
and Community Self-Determination Act of 2000 (16 U.S.C. 7101
et seq.) for fiscal year 2017; and
``(II) the total amount of payments to counties under
section 401(c) of the Act of June 15, 1935 (commonly known as
the `Refuge Revenue Sharing Act') (49 Stat. 383, chapter 261;
16 U.S.C. 715s(c)), for fiscal year 2017;

``(B) the amount allocated to the Bureau of Land Management
Account is determined in accordance with the ratio that--
``(i) the total amount of county payments under the Secure
Rural Schools and Community Self-Determination Act of 2000
(16 U.S.C. 7101 et seq.) for fiscal year 2017; bears to
``(ii) an amount equal to the sum of--

``(I) the full funding amount for the Secure Rural Schools
and Community Self-Determination Act of 2000 (16 U.S.C. 7101
et seq.) for fiscal year 2017; and
``(II) the total amount of payments to counties under
section 401(c) of the Act of June 15, 1935 (commonly known as
the `Refuge Revenue Sharing Act') (49 Stat. 383, chapter 261;
16 U.S.C. 715s(c)), for fiscal year 2017; and

``(C) the amount allocated to the United States Fish and
Wildlife Service Account is determined in accordance with the
ratio that--
``(i) the total amount of payments to counties under
section 401(c) of the Act of June 15, 1935 (commonly known as
the `Refuge Revenue Sharing Act') (49 Stat. 383, chapter 261;
16 U.S.C. 715s(c)) for fiscal year 2017; bears to
``(ii) an amount equal to the sum of--

``(I) the full funding amount for the Secure Rural Schools
and Community Self-Determination Act of 2000 (16 U.S.C. 7101
et seq.) for fiscal year 2017; and
``(II) the total amount of payments to counties under
section 401(c) of the Act of June 15, 1935 (commonly known as
the `Refuge Revenue Sharing Act') (49 Stat. 383, chapter 261;
16 U.S.C. 715s(c)), for fiscal year 2017.

``(j) Agency Reporting.--
``(1) In general.--Not later than 1 year after the date of
enactment of this chapter and annually thereafter, the
Secretary of Agriculture and the Secretary of the Interior
shall submit to the Corporation information describing
activities on Federal land described in subparagraphs (A) and
(B), respectively, of section 3(7) of the Secure Rural
Schools and Community Self-Determination Act of 2000 (16
U.S.C. 7102(7)), on a county-by-county basis, for the period
covered by the report, including information regarding--
``(A) timber sales and associated acres treated, volumes
sold and harvested, and revenues generated, including, at a
minimum--
``(i) commercial treatment; and
``(ii) precommercial thinning;
``(B) stewardship projects, including, at a minimum--
``(i) commercial treatment;
``(ii) prescribed fire; and
``(iii) precommercial thinning;
``(C) road work;
``(D) reforestation and associated acres treated,
including, at a minimum--
``(i) commercial treatment;
``(ii) prescribed fire; and
``(iii) precommercial thinning;
``(E) habitat created;
``(F) culverts replaced; and
``(G) miles of stream restoration.
``(2) Publication.--Promptly after receipt of the
information under paragraph (1), the Corporation shall make
the information publically available in an online searchable
database in a machine-readable format.''.
(b) Clerical Amendment.--The table of chapters for subtitle
III of title 36, United States Code, is amended by inserting
after the item relating to chapter 3001 the following:

``3002. Forest and Refuge County Foundation 300201''...................

SEC. 71203. TRANSFER OF AMOUNTS TO FUND.

(a) Definition of Eligible Nonelecting County.--In this
section, the term ``eligible nonelecting county'' means--
(1) in subsections (b), (c), and (d), a county that--
(A) is eligible for a payment under the Secure Rural
Schools and Community Self-Determination Act of 2000 (16
U.S.C. 7101 et seq.); and
(B) has not elected to opt out of distributions from the
Natural Resources Permanent Fund under section
300207(e)(4)(A) of title 36, United States Code; and
(2) in subsection (e), a county that--
(A) is eligible for a payment under section 401(c) of the
Act of June 15, 1935 (commonly known as the ``Refuge Revenue
Sharing Act'') (49 Stat. 383, chapter 261; 16 U.S.C.
715s(c)); and
(B) has not elected to opt out of distributions from the
Natural Resources Permanent Fund under section
300207(e)(4)(A) of title 36, United States Code.
(b) Suspension of Payments Under Act of May 23, 1908, and
Act of March 1, 1911.--Except as provided in section
300207(e)(2)(D)(ii) of title 36, United States Code, for
fiscal year 2024 and each fiscal year thereafter--
(1) all payments authorized for eligible nonelecting
counties under the sixth paragraph under the heading ``forest
service'' in the Act of May 23, 1908 (35 Stat. 260, chapter
192; 16 U.S.C. 500), and section 13 of the Act of March 1,
1911 (commonly known as the ``Weeks Law'') (36 Stat. 963,
chapter 186; 16 U.S.C. 500), shall be suspended; and
(2) the Secretary of the Treasury shall transfer to the
Forest Service Account within the Natural Resources Permanent
Fund established by section 300207(b)(1) of title 36, United
States Code, amounts equal to the amounts that would have
otherwise been distributed as payments to eligible
nonelecting counties under the sixth paragraph under the
heading ``forest service'' in the Act of May 23, 1908 (35
Stat. 260, chapter 192; 16 U.S.C. 500), and section 13 of the
Act of March 1, 1911 (commonly known as the ``Weeks Law'')
(36 Stat. 963, chapter 186; 16 U.S.C. 500).
(c) Suspension of Payments Under Act of August 28, 1937.--
Except as provided in section 300207(e)(2)(D)(ii) of title
36, United States Code, for fiscal year 2024 and each fiscal
year thereafter--
(1) all payments authorized for eligible nonelecting
counties under subsection (a) of title II of the Act of
August 28, 1937 (50 Stat. 875, chapter 876; 43 U.S.C. 2605),
shall be suspended; and
(2) the Secretary of the Treasury shall transfer to the
Bureau of Land Management Account within the Natural
Resources Permanent Fund established by section 300207(b)(2)
of title 36, United States Code, amounts equal to the amounts
that would have otherwise been distributed as payments to
eligible nonelecting counties under subsection (a) of title
II of the Act of August 28, 1937 (50 Stat. 875, chapter 876;
43 U.S.C. 2605).
(d) Suspension of Payments Under Act of May 24, 1939.--
Except as provided in section 300207(e)(2)(D)(ii) of title
36, United States Code, for fiscal year 2024 and each fiscal
year thereafter--
(1) all payments authorized for eligible nonelecting
counties under the first section of the Act of May 24, 1939
(53 Stat. 753, chapter 144; 43 U.S.C. 2621), shall be
suspended; and
(2) the Secretary of the Treasury shall transfer to the
Bureau of Land Management Account within the Natural
Resources Permanent Fund established by section 300207(b)(2)
of title 36, United States Code, amounts equal to the amounts
that would have otherwise been distributed as payments to
eligible nonelecting counties under the

[[Page S5858]]

first section of the Act of May 24, 1939 (53 Stat. 753,
chapter 144; 43 U.S.C. 2621).
(e) Suspension of Payments Under Refuge Revenue Sharing
Act.--Except as provided in section 300207(e)(2)(D)(ii) of
title 36, United States Code, for fiscal year 2024 and each
fiscal year thereafter--
(1) all payments authorized for eligible nonelecting
counties under section 401(c) of the Act of June 15, 1935
(commonly known as the ``Refuge Revenue Sharing Act'') (49
Stat. 383, chapter 261; 16 U.S.C. 715s(c)), shall be
suspended; and
(2) the Secretary of the Treasury shall transfer to the
United States Fish and Wildlife Service Account within the
Natural Resources Permanent Fund established by section
300207(b)(3) of title 36, United States Code, amounts equal
to the amounts that would have otherwise been distributed as
payments to eligible nonelecting counties under section
401(c) of the Act of June 15, 1935 (commonly known as the
``Refuge Revenue Sharing Act'') (49 Stat. 383, chapter 261;
16 U.S.C. 715s(c)).

SEC. 71204. AMENDMENTS TO SECURE RURAL SCHOOLS AND COMMUNITY
SELF-DETERMINATION ACT OF 2000.

(a) Definitions.--Section 3 of the Secure Rural Schools and
Community Self-Determination Act of 2000 (16 U.S.C. 7102) is
amended--
(1) in paragraph (1)(B), by striking ``and paragraph
(8)(A)'';
(2) in paragraph (2)--
(A) in subparagraph (A)(ii)--
(i) by inserting ``of'' before ``acres''; and
(ii) by inserting ``described in paragraph (7)(A)'' after
``Federal land''; and
(B) in subparagraph (B)(ii), by striking ``and paragraph
(9)(B)(i)'';
(3) in paragraph (4)--
(A) in subparagraph (A), by striking ``and'' at the end;
(B) in subparagraph (B), by striking the period at the end
and inserting ``; and''; and
(C) by adding at the end the following:
``(C) has not elected to opt out of distributions from the
Natural Resources Permanent Fund under section
300207(e)(4)(A) of title 36, United States Code.'';
(4) by striking paragraphs (8) and (9) and inserting the
following:
``(8) 50-percent adjusted share.--The term `50-percent
adjusted share' means the quotient obtained by dividing--
``(A) the number equal to the total of all 50-percent
payments received by an eligible county during the
eligibility period; by
``(B) the number equal to the sum of all 50-percent
payments received by all eligible counties during the
eligibility period.'';
(5) in paragraph (11) (as amended by section 41202(a))--
(A) in subparagraph (E), by striking ``and'' at the end;
(B) in subparagraph (F)--
(i) by striking ``fiscal year 2021 and each fiscal year
thereafter'' and inserting ``each of fiscal years 2021
through 2023''; and
(ii) by striking the period at the end and inserting ``;
and''; and
(iii) by adding at the end the following:
``(G) for fiscal year 2024 and each fiscal year
thereafter--
``(i) for purposes of the calculations under section
101(a), an amount equal to the greater of--

``(I) the amount distributed from the Forest Service
Account within the Natural Resources Permanent Fund under
section 300207(e)(2)(A) of title 36, United States Code; and
``(II) the total amount of all State payments for fiscal
year 2017 (as adjusted to reflect changes during the period
beginning on October 1, 2017, in the Consumer Price Index for
All Urban Consumers published by the Bureau of Labor
Statistics of the Department of Labor); and

``(ii) for purposes of the calculations under section
101(b), an amount equal to the greater of--

``(I) the amount distributed from the Bureau of Land
Management Account within the Natural Resources Permanent
Fund under section 300207(e)(2)(A) of title 36, United States
Code; and
``(II) the total amount of all county payments for fiscal
year 2017 (as adjusted to reflect changes during the period
beginning on October 1, 2017, in the Consumer Price Index for
All Urban Consumers published by the Bureau of Labor
Statistics of the Department of Labor).'';

(6) in paragraph (12)--
(A) in subparagraph (A), by inserting ``containing Federal
land described in paragraph (7)(A)'' after ``eligible
county''; and
(B) in subparagraph (B), by inserting ``containing Federal
land described in paragraph (7)(A)'' after ``eligible
counties''; and
(7) by redesignating paragraphs (10) through (17) as
paragraphs (9) through (16), respectively.
(b) Permanent Authorization; Source of Payment Amounts.--
(1) Calculation of payments.--Section 101 of the Secure
Rural Schools and Community Self-Determination Act of 2000
(16 U.S.C. 7111) (as amended by section 41202(b)(1)) is
amended--
(A) in subsection (a), in the matter preceding paragraph
(1), by striking ``of fiscal years'' and all that follows
through ``the Secretary of Agriculture'' and inserting
``fiscal year, the Secretary of Agriculture''; and
(B) in subsection (b), in the matter preceding paragraph
(1), by striking ``of fiscal years'' and all that follows
through ``the Secretary of the Interior'' and inserting
``fiscal year, the Secretary of the Interior''.
(2) Elections.--Section 102(b) of the Secure Rural Schools
and Community Self-Determination Act of 2000 (16 U.S.C.
7112(b)) is amended--
(A) in paragraph (1)--
(i) in subparagraph (A), by inserting ``through fiscal year
2023'' after ``second fiscal year thereafter''; and
(ii) by adding at the end the following:
``(E) Fiscal year 2024 and thereafter.--For fiscal year
2024 and each fiscal year thereafter--
``(i) the election otherwise required by subparagraph (A)
shall not apply; and
``(ii) each affected county shall receive payments in
accordance with chapter 3002 of title 36, United States Code,
unless the affected county elects to opt out of distributions
under section 300207(e)(4)(A) of that title.'';
(B) in paragraph (2)(B), by striking ``through fiscal year
2015 and for each of fiscal years 2017 through 2020''; and
(C) by striking paragraph (3) and inserting the following:
``(3) Source of payment amounts.--
``(A) In general.--With respect to an eligible State or
eligible county that has not elected to opt out of
distributions under section 300207(e)(4)(A) of title 36,
United States Code, the payment under this section for a
fiscal year shall be derived from--
``(i) distributions to be paid under section
300207(e)(2)(A)(ii)(III)(aa) of title 36, United States Code;
and
``(ii) to the extent that amounts made available under
clause (i) are insufficient, any amounts that are
appropriated to carry out this Act, to be distributed in
accordance with section 300207(e)(2)(A)(ii)(III)(bb) of title
36, United States Code.
``(B) Exception.--An eligible State or eligible county that
has elected to opt out of distributions under section
300207(e)(4)(A) of title 36, United States Code--
``(i) shall not receive any payment under this section; and
``(ii) may receive payments only under, as applicable--

``(I) the sixth paragraph under the heading `forest
service' in the Act of May 23, 1908 (35 Stat. 260, chapter
192; 16 U.S.C. 500), and section 13 of the Act of March 1,
1911 (commonly known as the `Weeks Law') (36 Stat. 963,
chapter 186; 16 U.S.C. 500);
``(II) subsection (a) of title II of the Act of August 28,
1937 (50 Stat. 875, chapter 876; 43 U.S.C. 2605); and
``(III) the first section of the Act of May 24, 1939 (53
Stat. 753, chapter 144; 43 U.S.C. 2621).''.

(3) Notification of election.--Section 102(d)(1) of the
Secure Rural Schools and Community Self-Determination Act of
2000 (16 U.S.C. 7112(d)(1)) is amended--
(A) in subparagraph (A), by striking ``subparagraph (D)''
and inserting ``subparagraphs (D) and (G)''; and
(B) by adding at the end the following:
``(G) Fiscal year 2024 and thereafter.--For fiscal year
2024 and each fiscal year thereafter--
``(i) the allocation of funds required under subparagraph
(A) shall not be required;
``(ii) of the amounts received for the fiscal year--

``(I) 85 percent shall be expended in the same manner in
which the 25-percent payments or 50-percent payments, as
applicable, are required to be expended; and
``(II) 15 percent shall be expended on county projects in
accordance with title III; and

``(iii) the elections otherwise required by subparagraphs
(B), (C), and (D), or considered to be made under paragraph
(3)(B), as applicable, shall not apply or be required for
payments made for the fiscal year.''.
(4) Distribution of payments to eligible counties.--Section
103(d)(2) of the Secure Rural Schools and Community Self-
Determination Act of 2000 (16 U.S.C. 7113(d)(2)) (as amended
by section 41202(b)(2)) is amended--
(A) by striking ``and for each'' and inserting ``, for
each''; and
(B) by inserting ``, and for fiscal year 2024 and each
fiscal year thereafter'' before the period at the end.
(5) Termination of authority.--Title III of the Secure
Rural Schools and Community Self-Determination Act of 2000
(16 U.S.C. 7141 et seq.) is amended by striking section 305
(as redesignated by section 41202(g)(1)).
(c) Repeal of Authority to Conduct Special Projects on
Federal Land.--
(1) In general.--Title II of the Secure Rural Schools and
Community Self-Determination Act of 2000 (16 U.S.C. 7121 et
seq.) is repealed.
(2) Conforming amendments.--
(A) Section 102(d) of the Secure Rural Schools and
Community Self-Determination Act of 2000 (16 U.S.C. 7112(d))
is amended--
(i) in paragraph (1)--

(I) in subparagraph (B)--

(aa) by striking clause (i);
(bb) by redesignating clauses (ii) and (iii) as clauses (i)
and (ii), respectively; and
(cc) in clause (ii) (as so redesignated), by striking
``clauses (i) and (ii)'' and inserting ``clause (i)'';

(II) in subparagraph (C)--

(aa) by striking clause (i);
(bb) by redesignating clauses (ii) and (iii) as clauses (i)
and (ii), respectively; and
(cc) in clause (ii) (as so redesignated), by striking
``clauses (i) and (ii)'' and inserting ``clause (i)''; and

(III) in subparagraphs (E) and (F), by striking ``paragraph
(3)(B)'' each place it appears and inserting ``paragraph
(2)(B)'';

(ii) by striking paragraph (2);

[[Page S5859]]

(iii) by redesignating paragraph (3) as paragraph (2); and
(iv) in subparagraph (B)(ii) of paragraph (2) (as so
redesignated), by inserting ``(as in effect on the day before
the date of enactment of the Forest Management for Rural
Stability Act)'' after ``204(a)(5)''.
(B) Section 302(b) of the Secure Rural Schools and
Community Self-Determination Act of 2000 (16 U.S.C. 7142(b))
is amended--
(i) in paragraph (1), by striking ``; and'' at the end and
inserting a period;
(ii) in the matter preceding paragraph (1), by striking
``shall--'' and all that follows through ``publish'' in
paragraph (1) and inserting ``shall publish''; and
(iii) by striking paragraph (2).
(C) Title IV of the Secure Rural Schools and Community
Self-Determination Act of 2000 (16 U.S.C. 7151 et seq.) is
amended by striking section 403 (16 U.S.C. 7153) and
inserting the following:

``SEC. 403. TREATMENT OF FUNDS.

``Funds made available under section 402 shall be in
addition to any other annual appropriations for the Forest
Service and the Bureau of Land Management.''.
(D) Section 603(b)(1)(C)(ii)(II) of the Healthy Forests
Restoration Act of 2003 (16 U.S.C. 6591b(b)(1)(C)(ii)(II)) is
amended by inserting ``(as in effect on the day before the
date of enactment of the Forest Management for Rural
Stability Act'') before the period at the end.
(E) Section 4003(b)(2)(B)(ii) of the Omnibus Public Land
Management Act of 2009 (16 U.S.C. 7303(b)(2)(B)(ii)) is
amended by striking ``500 note)'' and inserting ``7125) (as
in effect on the day before the date of enactment of the
Forest Management for Rural Stability Act)''.
(3) Effective date.--The amendments made by this subsection
are effective on October 1, 2024.
(d) Use of Funds.--Section 302(a) of the Secure Rural
Schools and Community Self-Determination Act of 2000 (16
U.S.C. 7142(a)) (as amended by section 41202(e)) is amended--
(1) in paragraph (2)(A), by striking ``on Federal land'';
(2) in paragraph (4), by striking ``and'' at the end;
(3) in paragraph (5)(B), by striking the period at the end
and inserting a semicolon; and
(4) by adding at the end the following:
``(6) for job training or job creation activities;
``(7) for projects approved by--
``(A) a resource advisory committee (as defined in section
300201 of title 36, United States Code); or
``(B) a forest collaborative;
``(8) for natural resource conservation projects;
``(9) for forest health treatments;
``(10) for economic development activities;
``(11) for transportation infrastructure projects on county
road systems that serve Federal land;
``(12) to plan, develop, or carry out projects on Federal
land that--
``(A) are consistent with applicable Federal laws
(including regulations) and forest plans;
``(B) create private sector jobs, generate county revenue,
or provide merchantable forest products; and
``(C) may include--
``(i) forest health treatments;
``(ii) implementation of work under a Master Stewardship
Agreement;
``(iii) implementation of work under a good neighbor
agreement (as defined in section 8206(a) of the Agricultural
Act of 2014 (16 U.S.C. 2113a(a))); or
``(iv) forest road replacement, rehabilitation, or
reconstruction; or
``(13) to provide or expand access to--
``(A) broadband telecommunications services at local
schools; or
``(B) the technology and connectivity necessary for
students to use a digital learning tool at or outside of a
local school campus.''.
(e) Certification.--Section 303 of the Secure Rural Schools
and Community Self-Determination Act of 2000 (16 U.S.C. 7143)
is amended--
(1) in subsection (a), by striking ``February 1'' and all
that follows through ``Secretary concerned'' and inserting
``February 1 of each calendar year beginning after a calendar
year during which not less than $35,000 of county funds were
expended by a participating county, the appropriate official
of the participating county shall submit to the Forest and
Refuge County Foundation established by section 300202 of
title 36, United States Code,''; and
(2) in subsection (b)--
(A) by striking ``Secretary concerned shall'' and inserting
``Forest and Refuge County Foundation shall''; and
(B) by striking ``Secretary concerned determines'' and
inserting ``Foundation determines''.
(f) Funding.--Title IV of the Secure Rural Schools and
Community Self-Determination Act of 2000 (16 U.S.C. 7151 et
seq.) is amended by striking section 402 (16 U.S.C. 7152) and
inserting the following:

``SEC. 402. FUNDING.

``(a) In General.--On October 1 of each fiscal year, out of
any funds in the Treasury not otherwise appropriated, the
Secretary of the Treasury shall transfer to the Secretary
concerned such sums as are necessary to carry out this Act,
to remain available until expended.
``(b) Receipt and Acceptance.--The Secretary concerned
shall be entitled to receive, shall accept, and shall use to
carry out this section the funds transferred under subsection
(a), without further appropriation.''.

SEC. 71205. TIMELINE FOR RESOURCE ADVISORY COMMITTEE
EXPENDITURES.

(a) Definitions.--In this section:
(1) Participating county; project funds.--The terms
``participating county'' and ``project funds'' have the
meanings given those terms in section 201 of the Secure Rural
Schools and Community Self-Determination Act of 2000 (16
U.S.C. 7121) (as in effect on the day before the date of
enactment of this Act).
(2) Resource advisory committee.--The term ``resource
advisory committee'' means a resource advisory committee (as
defined in section 201 of the Secure Rural Schools and
Community Self-Determination Act of 2000 (16 U.S.C. 7121) (as
in effect on the day before the date of enactment of this
Act)).
(3) Secretary concerned.--The term ``Secretary concerned''
has the meaning given the term in section 3 of the Secure
Rural Schools and Community Self-Determination Act of 2000
(16 U.S.C. 7102).
(b) Timeline.--Notwithstanding any other provision of law,
if a resource advisory committee has any unobligated project
funds available on the date described in section 207(a) of
the Secure Rural Schools and Community Self-Determination Act
of 2000 (16 U.S.C. 7127(a)) (as in effect on the day before
the date of enactment of this Act), those project funds--
(1) shall remain available for obligation until the date
that is 2 years after the date on which the resource advisory
committee has a quorum; and
(2) shall not be obligated except in accordance with a
project proposal that--
(A) is submitted by the resource advisory committee to the
Secretary concerned in accordance with section 203 of that
Act (16 U.S.C. 7123) (as in effect on the day before the date
of enactment of this Act); and
(B) is approved by the Secretary concerned in accordance
with section 204 of that Act (16 U.S.C. 7124) (as in effect
on the day before the date of enactment of this Act).
(c) Return of Unobligated Funds.--Any project funds that
remain unobligated after the date that is 2 years after the
date on which the applicable resource advisory committee has
a quorum shall be returned to the Treasury of the United
States.

SEC. 71206. FUNDING FOR REFUGE REVENUE SHARING ACT.

(a) Source of Payments to Counties.--Section 401(c) of the
Act of June 15, 1935 (commonly known as the ``Refuge Revenue
Sharing Act'') (49 Stat. 383, chapter 261; 16 U.S.C.
715s(c)), is amended adding at the end the following:
``(6) Source of payments to counties.--Notwithstanding any
other provision of this section, for fiscal year 2024 and
each fiscal year thereafter, with respect to counties that
have not elected to opt out of distributions under section
300207(e)(4)(A) of title 36, United States Code, instead of
making the payments to the applicable counties required under
paragraphs (1) and (2) from the fund, the payments shall be
derived from--
``(A) distributions to be paid under section
300207(e)(2)(B)(ii)(III)(aa)(AA) of title 36, United States
Code; and
``(B) to the extent that amounts made available under
subparagraph (A) are insufficient, any amounts that are
appropriated under subsection (d), to be distributed in
accordance with section 300207(e)(2)(B)(ii)(III)(bb) of title
36, United States Code.''.
(b) Funding.--Section 401 of the Act of June 15, 1935
(commonly known as the ``Refuge Revenue Sharing Act'') (49
Stat. 383, chapter 261; 16 U.S.C. 715s), is amended by
striking subsection (d) and inserting the following:
``(d) Funding for Payments.--
``(1) In general.--On October 1 of each fiscal year, out of
any funds in the Treasury not otherwise appropriated, the
Secretary of the Treasury shall transfer to the Secretary
such sums as are necessary to make payments under paragraphs
(1) and (2) of subsection (c) to counties, after taking into
account--
``(A) amounts in the fund available for the payments for
the fiscal year; and
``(B) amounts made available for payments from the National
Resources Permanent Fund established by section 300207(a) of
title 36, United States Code, for the fiscal year.
``(2) Receipt and acceptance.--The Secretary shall be
entitled to receive, shall accept, and shall use to carry out
this section the funds transferred under paragraph (1),
without further appropriation.''.

SEC. 71207. EXEMPTION OF CERTAIN PAYMENTS FROM SEQUESTRATION.

(a) In General.--Section 255(g)(1)(A) of the Balanced
Budget and Emergency Deficit Control Act of 1985 (2 U.S.C.
905(g)(1)(A)) is amended by inserting after ``Payments to
Social Security Trust Funds (28-0404-0-1-651).'' the
following:
``Payments to States and eligible counties from the
National Resources Permanent Fund established by section
300207(a) of title 36, United States Code.''.
(b) Applicability.--The amendment made by this section
shall apply to any sequestration order issued under the
Balanced Budget and Emergency Deficit Control Act of 1985 (2
U.S.C. 900 et seq.) on or after the date of enactment of this
Act.

[[Page S5860]]

SEC. 71208. CALCULATION OF CERTAIN PAYMENTS UNDER THE
PAYMENTS IN LIEU OF TAXES PROGRAM.

Section 6903(b) of title 31, United States Code, is amended
by adding at the end the following:
``(3) For purposes of calculating payments under this
subsection, a payment to a unit of general local government
from the Natural Resources Permanent Fund established by
section 300207(a) of title 36 shall be treated as follows:
``(A) Payments from the Forest Service Account established
under section 300207(b)(1) of title 36 shall be treated as
payments made pursuant to the sixth paragraph under the
heading `forest service' in the Act of May 23, 1908 (35 Stat.
260, chapter 192; 16 U.S.C. 500), and section 13 of the Act
of March 1, 1911 (commonly known as the `Weeks Law') (36
Stat. 963, chapter 186; 16 U.S.C. 500).
``(B) Payments made from the Bureau of Land Management
Account established under section 300207(b)(2) of title 36
shall be treated as payments made pursuant to subsection (a)
of title II of the Act of August 28, 1937 (50 Stat. 875,
chapter 876; 43 U.S.C. 2605).
``(C) Payments made from the United States Fish and
Wildlife Account established under section 300207(b)(3) of
title 36 shall be treated the same as payments made pursuant
to section 401(c)(2) of the Act of June 15, 1935 (commonly
known as the `Refuge Revenue Sharing Act') (49 Stat. 383,
chapter 261; 16 U.S.C. 715s(c)(2)).''.
______