§ 410vv–5. Endowment

Latest version.

(a) In general
In accordance with the provisions of subsection (b) of this section, the Secretary is authorized to receive and expend funds from an endowment to be established with the Woodstock Foundation, or its successors and assigns.
(b) Conditions(1) Funds from the endowment referred to in subsection (a) of this section shall be expended exclusively as the Woodstock Foundation, or its successors and assigns, in consultation with the Secretary, may designate for the preservation and maintenance of the Marsh-Billings-Rockefeller Mansion and its immediate surrounding property.(2) No expenditure shall be made pursuant to this section unless the Secretary determines that such expenditure is consistent with the purposes of this subchapter.

(Pub. L. 102–350, § 7, Aug. 26, 1992, 106 Stat. 936; Pub. L. 105–277, div. A, § 101(e) [title I, § 143], Oct. 21, 1998, 112 Stat. 2681–231, 2681–267.)

Amendments

1998—Subsec. (b)(1). Pub. L. 105–277 substituted “Marsh-Billings-Rockefeller” for “Marsh-Billings”.

                    
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