,,ii #aafth ,,congress #ast ,session ,s4 #afdc ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #bc 7legislative day1 ,may #bb71 #bjai,mr4 ,wyden 7for himself1 ,mr4 ,crapo1 ,mr4 ,merkley1 and ,mr4 ,risch7 introduced the following bill2 which was read twice and referred to the ,committee on ,energy and ,natural ,resources ,a ,,bill ,to amend title #cf1 ,united ,states ,code1 to grant a ,federal charter to the ,forest and ,refuge ,county ,foundation1 to provide for the establishment of the ,natural ,resources ,permanent ,fund1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,forest ,management for ,rural ,stability ,act4 #b4 ,federal charter for ,forest and ,refuge ,county ,foundation and establishment of ,natural ,resources ,permanent ,fund 7a7 ,federal charter for ,forest and ,refuge ,county ,foundation ,subtitle ,,iii of title #cf1 ,united ,states ,code1 is amended by inserting after chapter #cjja the following3 #cjjb ,forest and ,refuge ,county ,foundation ,sec4 #cjjbja4 ,definitions4#cjjbjb4 ,establishment4#cjjbjc4 ,status and applicable laws4#cjjbjd4 ,board of ,directors4#cjjbje4 ,bylaws and duties4#cjjbjf4 ,authority of ,corporation4#cjjbjg4 ,establishment of ,natural ,resources ,permanent ,fund4 #cjjbja4 ,definitions ,in this chapter3 7#a7 ,agency head ,the term agency head means-- 7,a7 the ,secretary of the ,treasury2 7,b7 the ,chief of the ,forest ,service2 7,c7 the ,director of the ,bureau of ,land ,management2 and 7,d7 the ,director of the ,united ,states ,fish and ,wildlife ,service4 7#b7 ,board ,the term ,board means the ,board of ,directors of the ,corporation4 7#c7 ,chairperson ,the term ,chairperson means the ,chairperson of the ,board4 7#d7 ,corporation ,the term ,corporation means the ,forest and ,refuge ,county ,foundation established by section #cjjbjb4 7#e7 ,county payment2 full funding amount2 ,state payment ,the terms county payment1 full funding amount1 and ,state payment have the meanings given those terms in section #c of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gajb74 7#f7 ,eligible county 7,a7 ,in general ,the term eligible county means-- 7i7 a county that is eligible for a payment under the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaja et seq471 with respect to an account established by paragraph 7#a7 or 7#b7 of section #cjjbjg7;b72 or 7ii7 a county that is eligible for a payment under section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c771 with respect to the account established by section #cjjbjg7;b77#c74 7,b7 ,exclusion ,the term eligible county does not include a county that has elected to opt out of distributions from the ,fund under section #cjjbjg7;e77#d77;,a74 7#g7 ,fund ,the term ,fund means the ,natural ,resources ,permanent ,fund established by section #cjjbjg7;a74 7#h7 ,highest historic payment ,the term highest historic payment means-- 7,a7 with respect to the ,forest ,service ,account of the ,fund1 an amount equal to the total amount of ,state payments received under section #aja7;a7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaaa7;a77 for fiscal year #bjjh 7as adjusted to reflect changes during the period beginning on ,october #a1 #bjjh1 in the ,consumer ,price ,index for ,all ,urban ,consumers published by the ,bureau of ,labor ,statistics of the ,department of ,labor72 and 7,b7 with respect to the ,bureau of ,land ,management ,account of the ,fund1 an amount equal to the total amount of county payments received under section #aja7;b7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaaa7;b77 for fiscal year #bjjf 7as adjusted to reflect changes during the period beginning on ,october #a1 #bjjf1 in the ,consumer ,price ,index for ,all ,urban ,consumers published by the ,bureau of ,labor ,statistics of the ,department of ,labor74 7#i7 ,manager ,the term manager means the manager of investments employed by the ,board pursuant to section #cjjbje7;c77#c74 7#aj7 ,resource advisory committee ,the term resource advisory committee means-- 7,a7 a resource advisory committee established under section #bje of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gabe7 7as in effect on the day before the date of enactment of this chapter72 and 7,b7 an advisory council established pursuant to section #cji7;a7 of the ,federal ,land ,policy and ,management ,act of #aigf 7#dc ,u4,s4,c4 #agci7;a774 7#aa7 ,secretary concerned ,the term ,secretary concerned means-- 7,a7 the ,secretary of ,agriculture1 with respect to the account established by section #cjjbjg7;b77#a72 and 7,b7 the ,secretary of the ,interior1 with respect to an account established by paragraph 7#b7 or 7#c7 of section #cjjbjg7;b74 #cjjbjb4 ,establishment ,there is established a federally chartered1 nonprofit corporation1 to be known as the ,forest and ,refuge ,county ,foundation1 which shall be incorporated in the ,state of ,oregon4 #cjjbjc4 ,status and applicable laws 7a7 ,non-,federal entity ,the ,corporation is not-- 7#a7 a department1 agency1 or instrumentality of the ,united ,states ,government2 or 7#b7 subject to title #ca4 7b7 ,liability ,the ,united ,states ,government shall not be liable for the actions or inactions of the ,corporation4 7c7 ,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 #aihf4 #cjjbjd4 ,board of ,directors 7a7 ,authority ,the powers of the ,corporation shall be vested in a ,board of ,directors that governs the ,corporation4 7b7 ,membership 7#a7 ,composition ,the ,board shall be composed of #aa members1 of whom-- 7,a7 #c shall be appointed by the ,chief of the ,forest ,service2 7,b7 #b shall be appointed by the ,director of the ,bureau of ,land ,management2 and 7,c7 #f shall be appointed by the ,secretary of the ,treasury4 7#b7 ,qualifications ,in making appointments under paragraph 7#a71 the agency heads shall-- 7,a7 appoint members who represent the various regions of the ,united ,states2 and 7,b7 ensure that the membership of the ,board is-- 7i7 apolitical2 and 7ii7 fairly balanced in terms of-- 7,i7 the points of view represented2 and 7,,ii7 the functions to be performed by the ,board1 by appointing-- 7aa7 #c members who are county elected officials1 as of the date of appointment of the members1 of whom-- 7,,aa7 #a shall be an elected official of a county that contains ,federal land described in section #c7g77;,a7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gajb7g77;,a772 7,,bb7 #a shall be an elected official of a county that contains ,federal land described in section #c7g77;,b7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gajb7g77;,b772 and 7,,cc7 #a shall be an elected official of a county that is eligible for a payment under section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c772 7bb7 #a member to represent rural economic development interests2 7cc7 #f members with expert experience in fund management or finance2 and 7dd7 #a member to represent education interests4 7#c7 ,prohibition ,a member of the ,board1 other than a member described in paragraph 7#b77;,b77ii77,,ii77aa71 shall not hold an office1 position1 or employment in any political party4 7#d7 ,date ,the appointments of the members of the ,board shall be made not later than #ij days after the date of enactment of this chapter4 7c7 ,chairperson 7#a7 ,in general ,the ,chairperson of the ,board shall be selected from among the members of the ,board by a majority vote of the members4 7#b7 ,term of service ,the ,chairperson of the ,board-- 7,a7 shall serve for a term of not longer than #d years2 and 7,b7 may be reelected to serve an additional term1 subject to the condition that the ,chairperson may serve for not more than #b consecutive terms4 7d7 ,terms 7#a7 ,in general ,the term of the members of the ,board shall be #f years1 except that the agency heads shall designate staggered terms for the members initially appointed to the ,board4 7#b7 ,reappointment ,a member of the ,board may be reappointed to serve an additional term1 subject to the condition that the member may serve for not more than #b consecutive terms4 7e7 ,vacancy ,a vacancy on the ,board shall be filled-- 7#a7 by not later than #ij days after the date on which the vacancy occurs2 and 7#b7 in the manner in which the original appointment was made4 7f7 ,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 elected4 7g7 ,meetings and quorum 7#a7 ,meetings 7,a7 ,in general ,the ,board shall meet-- 7i7 not less frequently than once each calendar year2 and 7ii7 7,i7 at the call of-- 7aa7 the ,chairperson2 or 7bb7 #c or more members2 or 7,,ii7 as otherwise provided in the bylaws of the ,corporation4 7,b7 ,initial meeting ,not later than #aej days after the date of enactment of this chapter1 the ,board shall hold an initial meeting of the ,board4 7#b7 ,quorum ,a quorum of the ,board1 consisting of a majority of the members of the ,board1 shall be required to conduct any business of the ,board4 7#c7 ,approval of ,board actions ,except as otherwise provided1 the threshold for approving ,board actions shall be as set forth in the bylaws of the ,corporation4 7h7 ,reimbursement of expenses 7#a7 ,in general ,a voting member of the ,board-- 7,a7 shall serve without pay2 but 7,b7 subject to paragraph 7#b71 may be reimbursed for the actual and necessary traveling and subsistence expenses incurred by the member in the performance of duties for the ,corporation4 7#b7 ,maximum amount ,the amount of reimbursement under paragraph 7#a77;,b7 may not exceed the amount that would be authorized under section #egjc of title #e for the payment of expenses and allowances for an individual employed intermittently in the ,federal ,government service4 #cjjbje4 ,bylaws and duties 7a7 ,in general ,the ,board shall adopt1 and may amend1 the bylaws of the ,corporation4 7b7 ,bylaws ,the bylaws of the ,corporation shall include1 at a minimum-- 7#a7 the duties and responsibilities of the ,board2 and 7#b7 the operational procedures of the ,corporation4 7c7 ,duties and responsibilities of ,board ,the ,board shall be responsible for actions of the ,corporation1 including-- 7#a7 7,a7 employing individuals at the ,corporation to provide investment management services2 or 7,b7 retaining the services of investment management services providers2 7#b7 employing individuals at the ,corporation to provide accounting and administrative services2 7#c7 employing a manager of investments to manage the amounts authorized to be invested by the ,board in accordance with subsection 7d72 7#d7 entering into a contract with #a or more banking or trust entities to act as the custodian of the assets of the ,fund2 and 7#e7 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 chapter4 7d7 ,authority of manager ,subject to the direction of the ,board1 the manager shall have control over the amounts under the jurisdiction of the ,board in the same manner as if the manager owned those amounts4 #cjjbjf4 ,authority of ,corporation ,except as otherwise provided in this chapter1 the ,corporation1 acting through the manager1 shall have the authority-- 7#a7 to manage the ,fund2 7#b7 to make investments of amounts in the ,fund under section #cjjbjg7;d72 7#c7 to make distributions from the ,fund under section #cjjbjg7;e77#b72 and 7#d7 to review certifications submitted by participating counties under section #cjc7;a7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gadc7;a774 #cjjbjg4 ,establishment of ,natural ,resources ,permanent ,fund 7a7 ,establishment ,there is established within the ,corporation a permanent fund1 to be known as the ,natural ,resources ,permanent ,fund1 consisting of-- 7#a7 amounts deposited in the accounts under subsection 7b72 7#b7 amounts deposited by an eligible county or ,state under subsection 7c77#a72 7#c7 amounts credited to the ,fund under subsection 7d77#c72 and 7#d7 amounts appropriated to the ,fund under paragraph 7#a7 of subsection 7i71 subject to paragraph 7#b7 of that subsection4 7b7 ,accounts ,within the ,fund1 there are established the following accounts3 7#a7 ,the ,forest ,service ,account1 consisting of the amounts transferred under section #c7;b77#b7 of the ,forest ,management for ,rural ,stability ,act4 7#b7 ,the ,bureau of ,land ,management ,account1 consisting of the amounts transferred under subsections 7c77#b7 and 7d77#b7 of section #c of the ,forest ,management for ,rural ,stability ,act4 7#c7 ,the ,united ,states ,fish and ,wildlife ,service ,account1 consisting of the amounts transferred under section #c7;e77#b7 of the ,forest ,management for ,rural ,stability ,act4 7#d7 ,the ,voluntary ,county ,savings ,account1 consisting of voluntary contributions of additional funds transferred under subsection 7c77#b77;,a77i74 7c7 ,voluntary contributions of additional funds 7#a7 ,in general ,subject to paragraph 7#b71 the ,corporation may at any time accept from eligible counties and ,states voluntary contributions of amounts to be deposited in the ,fund1 for investment by the ,corporation1 in accordance with this chapter4 7#b7 ,limitation ,any amounts contributed under paragraph 7#a7-- 7,a7 shall be-- 7i7 transferred to the ,voluntary ,county ,savings ,account2 and 7ii7 maintained within a segregated account in that ,account for each contributing county2 and 7,b7 may only be distributed to the eligible county or ,state that deposited the amounts1 in accordance with this chapter and paragraph 7#c74 7#c7 ,distributions ,distributions to an eligible county or a ,state under paragraph 7#b77;,b7-- 7,a7 shall be made by not later than #cj days after the date of receipt of a written request of the applicable eligible county or ,state2 7,b7 shall not be subject to any restrictions or limitations associated with distributions made from an account established by paragraph 7#a71 7#b71 or 7#c7 of subsection 7b72 and 7,c7 may only be used for a governmental purpose that complies with the budget laws of the applicable ,state4 7d7 ,investments of ,fund 7#a7 ,investment policy 7,a7 ,in general ,not later than #ahj days after the date of enactment of this chapter1 the ,board shall develop an investment policy for the investment of amounts in the ,fund4 7,b7 ,requirement ,for purposes of the investment policy developed under subparagraph 7,a71 the ,corporation shall-- 7i7 seek to achieve at least a #e-percent rate of return on investments of the ,fund1 net of inflation2 and 7ii7 adopt asset management strategies that are consistent with the standard of care established under the ,uniform ,prudent ,management of ,institutional ,funds ,act of #bjjg 7,d4,c4 ,code #dd-afca et seq474 7,c7 ,periodic updates ,the ,corporation shall-- 7i7 not less frequently than annually1 review the investment policy developed under subparagraph 7,a72 and 7ii7 based on a review conducted under clause 7i71 modify the investment policy as the ,corporation determines to be appropriate4 7#b7 ,investment services ,for purposes of investing amounts in the ,fund1 the ,corporation may-- 7,a7 employ individuals at the ,corporation to provide investment management services2 or 7,b7 retain the services of investment management services providers4 7#c7 ,income ,income from any investments of amounts from an account within the ,fund shall be credited to the applicable account within the ,fund4 7e7 ,expenditures from ,fund 7#a7 ,availability of funds ,for each fiscal year1 the ,corporation shall make available for distribution in accordance with this subsection #d4e percent of amounts in each account within the ,fund established by paragraph 7#a71 7#b71 or 7#c7 of subsection 7b71 as determined by the ,corporation1 based on-- 7,a7 for the initial #c fiscal years during which the ,fund is in operation1 the average fiscal year-end balance of the applicable account2 and 7,b7 thereafter1 the average fiscal year-end balance of the applicable account during the #c-year period preceding the date of the determination4 7#b7 ,distributions 7,a7 ,forest ,service ,account and ,bureau of ,land ,management ,account 7i7 ,in general ,for each fiscal year1 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 year1 as determined under paragraph 7#a7-- 7,i7 #he 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 #bjjj 7#af ,u4,s4,c4 #gaaa et seq47 and clause 7ii72 and 7,,ii7 #ae 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 #bjjj 7#af ,u4,s4,c4 #gada et seq474 7ii7 ,calculation and distribution of authorized payments 7,i7 ,availability ,not later than #ad days after the beginning of each fiscal year1 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 year1 as determined under paragraph 7#a71 to-- 7aa7 eligible ,states under subsection 7a7 of section #aja of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaaa71 with respect to the ,forest ,service ,account2 and 7bb7 eligible counties under subsection 7b7 of that section1 with respect to the ,bureau of ,land ,management ,account4 7,,ii7 ,calculation ,not later than #ad days after the date on which the ,corporation submits the information under subclause 7,i71 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 #bjjj 7#af ,u4,s4,c4 #gaja et seq471 as determined by the ,secretary concerned1 the ,secretary concerned shall1 based on the formulas for authorized payments established under that ,act1 calculate and submit to the ,corporation the authorized payment amount for each eligible county1 including-- 7aa7 the amount of the authorized payment for each eligible county to be paid from the applicable account in the ,fund2 and 7bb7 the amount of the authorized payment to be paid for each eligible county using amounts made available under section #djb of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaeb74 7,,iii7 ,distribution ,subject to subparagraphs 7,c7 and 7,d71 not later than #dj days after the date on which the ,secretary concerned submits the information to the ,corporation under subclause 7,,ii7-- 7aa7 the ,corporation shall-- 7,,aa7 distribute from the ,forest ,service ,account within the ,fund to ,states1 for redistribution to the eligible counties1 the amount of the authorized payment to be paid to eligible counties within the ,state under section #aja7;a7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaaa7;a771 as determined under subclause 7,,ii77aa71 to be used for the purposes authorized under title ,i or ,,iii of that ,act 7#af ,u4,s4,c4 #gaaa et seq472 7,,bb7 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 #aja7;b7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaaa7;b771 as determined under subclause 7,,ii77aa71 to be used for the purposes authorized under title ,i or ,,iii of that ,act 7#af ,u4,s4,c4 #gaaa et seq472 and 7,,cc7 submit to the ,secretary concerned a description of the amounts distributed under subitems 7,,aa7 and 7,,bb72 and 7bb7 except as provided in subparagraph 7,c77ii77,,ii71 the ,secretary concerned shall pay to eligible counties1 and to the ,state for redistribution to eligible counties1 the amount of the authorized payments under subclause 7,,ii77bb74 7,b7 ,united ,states ,fish and ,wildlife ,service ,account 7i7 ,in general ,for each fiscal year1 amounts in the ,united ,states ,fish and ,wildlife ,service ,account within the ,fund available for distribution for the fiscal year1 as determined under paragraph 7#a71 shall be used to make payments to eligible counties1 in accordance with section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c77 and clause 7ii74 7ii7 ,calculation and distribution of authorized payments 7,i7 ,availability ,not later than #ad days after the beginning of each fiscal year1 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 #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c771 as determined under paragraph 7#a74 7,,ii7 ,calculation ,not later than #ad days after the date on which the ,corporation submits the information under subclause 7,i71 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 #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c771 as determined by the ,secretary concerned1 the ,secretary concerned shall1 based on the formulas for authorized payments established under that ,act1 calculate and submit to the ,corporation the authorized payment amount for each eligible county1 including-- 7aa7 the amount of the authorized payment for each eligible county to be paid from the ,united ,states ,fish and ,wildlife ,service ,account within the ,fund2 and 7bb7 the amount of the authorized payment to be paid for each eligible county using amounts made available under section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c774 7,,iii7 ,distribution ,subject to subparagraphs 7,c7 and 7,d71 not later than #dj days after the date on which the ,secretary concerned submits the information to the ,corporation under subclause 7,,ii7-- 7aa7 the ,corporation shall-- 7,,aa7 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 counties1 as determined under subclause 7,,ii77aa71 to be used for the purposes authorized under section #dja7;c77#e77;,c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c77#e77;,c772 and 7,,bb7 submit to the ,secretary concerned a description of the amounts distributed under subitem 7,,aa72 and 7bb7 except as provided in subparagraph 7,c77ii77,,ii71 the ,secretary concerned shall pay to the eligible counties the amount to be paid for eligible counties under subclause 7,,ii77bb74 7,c7 ,minimum payment amount 7i7 ,in general ,notwithstanding subparagraphs 7,a7 and 7,b71 the minimum amount of a payment to be distributed to a ,state or eligible county under subitem 7,,aa7 or 7,,bb7 of subparagraph 7,a77ii77,,iii77aa7 or subparagraph 7,b77ii77,,iii77aa77,,aa7 for a fiscal year shall be the amount of the payment authorized to be made to the ,state or eligible county for fiscal year #bjag under the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaja et seq47 or section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c771 as applicable 7as adjusted to reflect changes during the period beginning on ,october #a1 #bjag1 in the ,consumer ,price ,index for ,all ,urban ,consumers published by the ,bureau of ,labor ,statistics of the ,department of ,labor74 7ii7 ,obligation of ,secretary ,the ,secretary concerned-- 7,i7 shall only make a payment to a ,state or eligible county under subparagraph 7,a77ii77,,iii77bb7 or 7,b77ii77,,iii77bb7 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 7,,aa7 or 7,,bb7 of subparagraph 7,a77ii77,,iii77aa7 or subparagraph 7,b77ii77,,iii77aa77,,aa7 is less than the minimum payment amount required under clause 7i72 and 7,,ii7 if the ,secretary concerned determines that the amount of a payment to be distributed to a ,state or eligible county under subitem 7,,aa7 or 7,,bb7 of subparagraph 7,a77ii77,,iii77aa7 or subparagraph 7,b77ii77,,iii77aa77,,aa7 would exceed the minimum payment amount required under clause 7i71 shall not make the payment otherwise required under subparagraph 7,a77ii77,,iii77bb7 or 7,b77ii77,,iii77bb71 as applicable1 for the fiscal year4 7,d7 ,maximum payment amount 7i7 ,in general ,notwithstanding subparagraphs 7,a7 and 7,b71 in any case in which the total amount of payments to be distributed by the ,corporation to ,states or eligible counties1 as applicable1 from an account within the ,fund for a fiscal year1 as calculated under subparagraph 7,a77ii77,,ii77aa7 or 7,b77ii77,,ii77aa71 as applicable1 would exceed the applicable highest historic payment1 the ,corporation shall reduce the total amount to be distributed under subitem 7,,aa7 or 7,,bb7 of subparagraph 7,a77ii77,,iii77aa7 or subparagraph 7,b77ii77,,iii77aa77,,aa71 as applicable1 to the amount of the applicable highest historic payment4 7ii7 ,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 year1 as calculated under subparagraph 7,a77ii77,,ii77aa7 or 7,b77ii77,,ii77aa71 as applicable1 distributions equal to the applicable highest historic payment1 such that the distributions from the account are reduced under clause 7i71 the ,states and eligible counties shall receive1 in addition to those payments from the ,fund1 any payments authorized for the ,state or eligible county under-- 7,i7 the sixth paragraph under the heading ,forest ,service in the ,act of ,may #bc1 #aijh 7#ce ,stat4 #bfj1 chapter #aib2 #af ,u4,s4,c4 #ejj71 and section #ac of the ,act of ,march #a1 #aiaa 7commonly known as the ,weeks ,law7 7#cf ,stat4 #ifc1 chapter #ahf2 #af ,u4,s4,c4 #ejj72 7,,ii7 subsection 7a7 of title ,,ii of the ,act of ,august #bh1 #aicg 7#ej ,stat4 #hge1 chapter #hgf2 #dc ,u4,s4,c4 #bfje72 7,,iii7 the first section of the ,act of ,may #bd1 #aici 7#ec ,stat4 #gec1 chapter #add2 #dc ,u4,s4,c4 #bfba72 or 7,,iv7 section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c774 7#c7 ,administrative expenses 7,a7 ,in general ,for each fiscal year1 of the total amounts in the ,fund1 there shall be made available to the ,corporation from the ,fund for the payment of administrative expenses described in subparagraph 7,b7-- 7i7 if the total amounts in the ,fund as of the date of the determination is not less than #ajj1jjj1jjj1 an amount equal to not more than #j4e percent of the total amounts in the ,fund1 as of that date2 and 7ii7 if the total amounts in the ,fund as of the date of the determination is less than #ajj1jjj1jjj1 an amount equal to not more than #a4j percent of the total amounts in the ,fund1 as of that date4 7,b7 ,use ,amounts made available for administrative expenses under subparagraph 7,a7 may be used by the ,corporation-- 7i7 to ensure that amounts in ,fund are managed in a manner consistent with the asset management strategies adopted under subsection 7d77#a72 7ii7 to pay other administrative costs relating to the ,fund1 including the costs of managing the ,fund1 conducting audits of the ,fund1 and complying with reporting requirements relating to the ,fund2 and 7iii7 to reimburse members of the ,board for actual and necessary traveling and subsistence expenses1 in accordance with section #cjjbjd7;h74 7#d7 ,elections to opt out and opt in 7,a7 ,opting out 7i7 ,in general ,not later than #c years after the date of enactment of this chapter1 a county described in clause 7i7 or 7ii7 of section #cjjbja7f77;,a7 may make a #a-time election to opt out of distributions from the ,fund under this chapter by submitting to the ,secretary concerned a written notice of the election4 7ii7 ,effect ,subject to subparagraph 7,b71 an election under clause 7i7 to opt out of distributions from the ,fund shall be applicable for-- 7,i7 the fiscal year during which the notice under that clause is submitted2 and 7,,ii7 each subsequent fiscal year4 7iii7 ,no effect on other payments ,an election by a county to opt out of distributions from the ,fund under clause 7i7 shall not affect the eligibility of the county to receive any payment authorized for the county under-- 7,i7 the sixth paragraph under the heading ,forest ,service in the ,act of ,may #bc1 #aijh 7#ce ,stat4 #bfj1 chapter #aib2 #af ,u4,s4,c4 #ejj71 and section #ac of the ,act of ,march #a1 #aiaa 7commonly known as the ,weeks ,law7 7#cf ,stat4 #ifc1 chapter #ahf2 #af ,u4,s4,c4 #ejj72 7,,ii7 subsection 7a7 of title ,,ii of the ,act of ,august #bh1 #aicg 7#ej ,stat4 #hge1 chapter #hgf2 #dc ,u4,s4,c4 #bfje72 7,,iii7 the first section of the ,act of ,may #bd1 #aici 7#ec ,stat4 #gec1 chapter #add2 #dc ,u4,s4,c4 #bfba72 or 7,,iv7 section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c774 7iv7 ,treatment ,a county described in clause 7i7 or 7ii7 of section #cjjbja7f77;,a7 that has not submitted to the ,secretary concerned a written notice of an election to opt out of distributions from the ,fund under clause 7i7 shall be deemed to have opted in to those distributions4 7,b7 ,notice to opt in ,a county that has elected to opt out of distributions from the ,fund under subparagraph 7,a7 may opt back in to the distributions for all subsequent fiscal years by submitting to the ,secretary concerned1 by not later than the date that is #b years after the date on which the county submits the written notice under subparagraph 7,a77i71 a notice of the intent of the county to opt back in4 7f7 ,reports 7#a7 ,quarterly reports ,not later than #ij days after the date of enactment of this chapter and every #ij days thereafter1 the ,corporation shall submit to the ,secretary of the ,treasury a quarterly report that describes1 with full transparency1 for the period covered by report-- 7,a7 the assets of the ,fund1 including a description of the investment policy used for the ,fund2 and 7,b7 the performance of investments in the ,fund4 7#b7 ,annual report ,annually1 the ,corporation shall submit to the ,committee on ,finance of the ,senate and the ,committee on ,ways and ,means of the ,house of ,representatives1 and make publically available in an online searchable database in a machine-readable format1 a report describing the activities of the ,corporation for the period covered by the report1 including1 at a minimum1 information relating to-- 7,a7 the growth of the ,fund2 and 7,b7 applicable sources of revenue4 7g7 ,annual audits ,not later than #a year after the date of enactment of this chapter and annually thereafter1 the ,inspector ,general of the ,department of the ,treasury shall conduct an audit of the ,fund4 7h7 ,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 ,corporation4 7i7 ,funding 7#a7 ,in general ,out of any funds in the ,treasury not otherwise appropriated1 the ,secretary of the ,treasury shall transfer to the ,fund such sums as are necessary to ensure that the required minimum payment amounts under subsection 7e77#b77;,c77i7 can be provided4 7#b7 ,allocation among ,accounts ,the amounts appropriated to the ,fund under paragraph 7#a7 shall be allocated among the ,forest ,service ,account1 the ,bureau of ,land ,management ,account1 and the ,united ,states ,fish and ,wildlife ,service ,account in a manner that ensures that-- 7,a7 the amount allocated to the ,forest ,service ,account is determined in accordance with the ratio that-- 7i7 the total amount of ,state payments under the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaja et seq47 for fiscal year #bjag2 bears to 7ii7 an amount equal to the sum of-- 7,i7 the full funding amount for the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaja et seq47 for fiscal year #bjag2 and 7,,ii7 the total amount of payments to counties under section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c771 for fiscal year #bjag2 7,b7 the amount allocated to the ,bureau of ,land ,management ,account is determined in accordance with the ratio that-- 7i7 the total amount of county payments under the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaja et seq47 for fiscal year #bjag2 bears to 7ii7 an amount equal to the sum of-- 7,i7 the full funding amount for the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaja et seq47 for fiscal year #bjag2 and 7,,ii7 the total amount of payments to counties under section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c771 for fiscal year #bjag2 and 7,c7 the amount allocated to the ,united ,states ,fish and ,wildlife ,service ,account is determined in accordance with the ratio that-- 7i7 the total amount of payments to counties under section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c77 for fiscal year #bjag2 bears to 7ii7 an amount equal to the sum of-- 7,i7 the full funding amount for the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaja et seq47 for fiscal year #bjag2 and 7,,ii7 the total amount of payments to counties under section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c771 for fiscal year #bjag4 7j7 ,agency reporting 7#a7 ,in general ,not later than #a year after the date of enactment of this chapter and annually thereafter1 the ,secretary of ,agriculture and the ,secretary of the ,interior shall submit to the ,corporation information describing activities on ,federal land described in subparagraphs 7,a7 and 7,b71 respectively1 of section #c7g7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gajb7g771 on a county-by-county basis1 for the period covered by the report1 including information regarding-- 7,a7 timber sales and associated acres treated1 volumes sold and harvested1 and revenues generated1 including1 at a minimum-- 7i7 commercial treatment2 and 7ii7 precommercial thinning2 7,b7 stewardship projects1 including1 at a minimum-- 7i7 commercial treatment2 7ii7 prescribed fire2 and 7iii7 precommercial thinning2 7,c7 road work2 7,d7 reforestation and associated acres treated1 including1 at a minimum-- 7i7 commercial treatment2 7ii7 prescribed fire2 and 7iii7 precommercial thinning2 7,e7 habitat created2 7,f7 culverts replaced2 and 7,g7 miles of stream restoration4 7#b7 ,publication ,promptly after receipt of the information under paragraph 7#a71 the ,corporation shall make the information publically available in an online searchable database in a machine-readable format4 4 7b7 ,clerical amendment ,the table of chapters for subtitle ,,iii of title #cf1 ,united ,states ,code1 is amended by inserting after the item relating to chapter #cjja the following3 #cjjb4 ,forest and ,refuge ,county ,foundation#cjjbja 4 #c4 ,transfer of amounts to ,fund 7a7 ,definition of eligible nonelecting county ,in this section1 the term eligible nonelecting county means-- 7#a7 in subsections 7b71 7c71 and 7d71 a county that-- 7,a7 is eligible for a payment under the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaja et seq472 and 7,b7 has not elected to opt out of distributions from the ,natural ,resources ,permanent ,fund under section #cjjbjg7;e77#d77;,a7 of title #cf1 ,united ,states ,code2 and 7#b7 in subsection 7e71 a county that-- 7,a7 is eligible for a payment under section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c772 and 7,b7 has not elected to opt out of distributions from the ,natural ,resources ,permanent ,fund under section #cjjbjg7;e77#d77;,a7 of title #cf1 ,united ,states ,code4 7b7 ,suspension of payments under ,act of ,may #bc1 #aijh1 and ,act of ,march #a1 #aiaa ,except as provided in section #cjjbjg7;e77#b77;,d77ii7 of title #cf1 ,united ,states ,code1 for fiscal year #bjai and each fiscal year thereafter-- 7#a7 all payments authorized for eligible nonelecting counties under the sixth paragraph under the heading ,forest ,service in the ,act of ,may #bc1 #aijh 7#ce ,stat4 #bfj1 chapter #aib2 #af ,u4,s4,c4 #ejj71 and section #ac of the ,act of ,march #a1 #aiaa 7commonly known as the ,weeks ,law7 7#cf ,stat4 #ifc1 chapter #ahf2 #af ,u4,s4,c4 #ejj71 shall be suspended2 and 7#b7 the ,secretary of the ,treasury shall transfer to the ,forest ,service ,account within the ,natural ,resources ,permanent ,fund established by section #cjjbjg7;b77#a7 of title #cf1 ,united ,states ,code1 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 #bc1 #aijh 7#ce ,stat4 #bfj1 chapter #aib2 #af ,u4,s4,c4 #ejj71 and section #ac of the ,act of ,march #a1 #aiaa 7commonly known as the ,weeks ,law7 7#cf ,stat4 #ifc1 chapter #ahf2 #af ,u4,s4,c4 #ejj74 7c7 ,suspension of payments under ,act of ,august #bh1 #aicg ,except as provided in section #cjjbjg7;e77#b77;,d77ii7 of title #cf1 ,united ,states ,code1 for fiscal year #bjai and each fiscal year thereafter-- 7#a7 all payments authorized for eligible nonelecting counties under subsection 7a7 of title ,,ii of the ,act of ,august #bh1 #aicg 7#ej ,stat4 #hge1 chapter #hgf2 #dc ,u4,s4,c4 #bfje71 shall be suspended2 and 7#b7 the ,secretary of the ,treasury shall transfer to the ,bureau of ,land ,management ,account within the ,natural ,resources ,permanent ,fund established by section #cjjbjg7;b77#b7 of title #cf1 ,united ,states ,code1 amounts equal to the amounts that would have otherwise been distributed as payments to eligible nonelecting counties under subsection 7a7 of title ,,ii of the ,act of ,august #bh1 #aicg 7#ej ,stat4 #hge1 chapter #hgf2 #dc ,u4,s4,c4 #bfje74 7d7 ,suspension of payments under ,act of ,may #bd1 #aici ,except as provided in section #cjjbjg7;e77#b77;,d77ii7 of title #cf1 ,united ,states ,code1 for fiscal year #bjai and each fiscal year thereafter-- 7#a7 all payments authorized for eligible nonelecting counties under the first section of the ,act of ,may #bd1 #aici 7#ec ,stat4 #gec1 chapter #add2 #dc ,u4,s4,c4 #bfba71 shall be suspended2 and 7#b7 the ,secretary of the ,treasury shall transfer to the ,bureau of ,land ,management ,account within the ,natural ,resources ,permanent ,fund established by section #cjjbjg7;b77#b7 of title #cf1 ,united ,states ,code1 amounts equal to the amounts that would have otherwise been distributed as payments to eligible nonelecting counties under the first section of the ,act of ,may #bd1 #aici 7#ec ,stat4 #gec1 chapter #add2 #dc ,u4,s4,c4 #bfba74 7e7 ,suspension of payments under ,refuge ,revenue ,sharing ,act ,except as provided in section #cjjbjg7;e77#b77;,d77ii7 of title #cf1 ,united ,states ,code1 for fiscal year #bjai and each fiscal year thereafter-- 7#a7 all payments authorized for eligible nonelecting counties under section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c771 shall be suspended2 and 7#b7 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 #cjjbjg7;b77#c7 of title #cf1 ,united ,states ,code1 amounts equal to the amounts that would have otherwise been distributed as payments to eligible nonelecting counties under section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c774 #d4 ,amendments to ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7a7 ,definitions ,section #c of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gajb7 is amended-- 7#a7 in paragraph 7#a77;,b71 by striking and paragraph 7#h77;,a72 7#b7 in paragraph 7#b7-- 7,a7 in subparagraph 7,a77ii71 by inserting described in paragraph 7#g77;,a7 after ,federal land2 and 7,b7 in subparagraph 7,b77ii71 by striking and paragraph 7#i77;,b77i72 7#c7 in paragraph 7#d7-- 7,a7 in subparagraph 7,a71 by striking and at the end2 7,b7 in subparagraph 7,b71 by striking the period at the end and inserting 2 and2 and 7,c7 by adding at the end the following3 7,c7 has not elected to opt out of distributions from the ,natural ,resources ,permanent ,fund under section #cjjbjg7;e77#d77;,a7 of title #cf1 ,united ,states ,code4 2 7#d7 by striking paragraphs 7#h7 and 7#i7 and inserting the following3 7#h7 #ej-percent adjusted share ,the term #ej-percent adjusted share means the quotient obtained by dividing-- 7,a7 the number equal to the total of all #ej-percent payments received by an eligible county during the eligibility period2 by 7,b7 the number equal to the sum of all #ej-percent payments received by all eligible counties during the eligibility period4 2 7#e7 by redesignating paragraph 7#aj7 as paragraph 7#i72 7#f7 by striking paragraph 7#aa7 and inserting the following3 7#aj7 ,full funding amount ,the term full funding amount means-- 7,a7 for fiscal year #bjjh1 #ejj1jjj1jjj2 7,b7 for each of fiscal years #bjji through #bjaa1 an amount equal to #ij percent of the full funding amount for the preceding fiscal year2 7,c7 for each of fiscal years #bjab through #bjae1 an amount equal to #ie percent of the full funding amount for the preceding fiscal year2 7,d7 for fiscal year #bjag1 an amount equal to #ie percent of the full funding amount for fiscal year #bjae2 7,e7 for fiscal year #bjah1 an amount equal to #ie percent of the full funding amount for fiscal year #bjag2 and 7,f7 for fiscal year #bjai and each fiscal year thereafter-- 7i7 for purposes of the calculations under section #aja7;a71 an amount equal to the greater of-- 7,i7 the amount distributed from the ,forest ,service ,account within the ,natural ,resources ,permanent ,fund under section #cjjbjg7;e77#b77;,a7 of title #cf1 ,united ,states ,code2 and 7,,ii7 the total amount of all ,state payments for fiscal year #bjag 7as adjusted to reflect changes during the period beginning on ,october #a1 #bjag1 in the ,consumer ,price ,index for ,all ,urban ,consumers published by the ,bureau of ,labor ,statistics of the ,department of ,labor72 and 7ii7 for purposes of the calculations under section #aja7;b71 an amount equal to the greater of-- 7,i7 the amount distributed from the ,bureau of ,land ,management ,account within the ,natural ,resources ,permanent ,fund under section #cjjbjg7;e77#b77;,a7 of title #cf1 ,united ,states ,code2 and 7,,ii7 the total amount of all county payments for fiscal year #bjag 7as adjusted to reflect changes during the period beginning on ,october #a1 #bjag1 in the ,consumer ,price ,index for ,all ,urban ,consumers published by the ,bureau of ,labor ,statistics of the ,department of ,labor74 2 7#g7 by redesignating paragraphs 7#ab7 through 7#ag7 as paragraphs 7#aa7 through 7#af71 respectively2 and 7#h7 in paragraph 7#aa7 7as so redesignated7-- 7,a7 in subparagraph 7,a71 by inserting containing ,federal land described in paragraph 7#g77;,a7 after eligible county2 and 7,b7 in subparagraph 7,b71 by inserting containing ,federal land described in paragraph 7#g77;,a7 after eligible counties4 7b7 ,permanent authorization2 source of payment amounts 7#a7 ,calculation of payments ,section #aja of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaaa7 is amended by striking of fiscal years #bjjh through #bjae1 #bjag1 and #bjah each place it appears and inserting fiscal year4 7#b7 ,elections ,section #ajb7;b7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaab7;b77 is amended-- 7,a7 in paragraph 7#a7-- 7i7 in subparagraph 7,a71 by inserting through fiscal year #bjah after second fiscal year thereafter2 and 7ii7 by adding at the end the following3 7,e7 ,fiscal year #bjai and thereafter ,for fiscal year #bjai and each fiscal year thereafter-- 7i7 the election otherwise required by subparagraph 7,a7 shall not apply2 and 7ii7 each affected county shall receive payments in accordance with chapter #cjjb of title #cf1 ,united ,states ,code1 unless the affected county elects to opt out of distributions under section #cjjbjg7;e77#d77;,a7 of that title4 2 7,b7 in paragraph 7#b77;,b71 by striking through fiscal year #bjae and for fiscal years #bjag and #bjah2 and 7,c7 by striking paragraph 7#c7 and inserting the following3 7#c7 ,source of payment amounts 7,a7 ,in general ,with respect to an eligible ,state or eligible county that has not elected to opt out of distributions under section #cjjbjg7;e77#d77;,a7 of title #cf1 ,united ,states ,code1 the payment under this section for a fiscal year shall be derived from-- 7i7 distributions to be paid under section #cjjbjg7;e77#b77;,a77ii77,,iii77aa7 of title #cf1 ,united ,states ,code2 and 7ii7 to the extent that amounts made available under clause 7i7 are insufficient1 any amounts that are appropriated to carry out this ,act1 to be distributed in accordance with section #cjjbjg7;e77#b77;,a77ii77,,iii77bb7 of title #cf1 ,united ,states ,code4 7,b7 ,exception ,an eligible ,state or eligible county that has elected to opt out of distributions under section #cjjbjg7;e77#d77;,a7 of title #cf1 ,united ,states ,code-- 7i7 shall not receive any payment under this section2 and 7ii7 may receive payments only under1 as applicable-- 7,i7 the sixth paragraph under the heading ,forest ,service in the ,act of ,may #bc1 #aijh 7#ce ,stat4 #bfj1 chapter #aib2 #af ,u4,s4,c4 #ejj71 and section #ac of the ,act of ,march #a1 #aiaa 7commonly known as the ,weeks ,law7 7#cf ,stat4 #ifc1 chapter #ahf2 #af ,u4,s4,c4 #ejj72 7,,ii7 subsection 7a7 of title ,,ii of the ,act of ,august #bh1 #aicg 7#ej ,stat4 #hge1 chapter #hgf2 #dc ,u4,s4,c4 #bfje72 and 7,,iii7 the first section of the ,act of ,may #bd1 #aici 7#ec ,stat4 #gec1 chapter #add2 #dc ,u4,s4,c4 #bfba74 4 7#c7 ,notification of election ,section #ajb7;d77#a7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaab7;d77#a77 is amended-- 7,a7 in subparagraph 7,a71 by striking subparagraph 7,d7 and inserting subparagraphs 7,d7 and 7,g72 and 7,b7 by adding at the end the following3 7,g7 ,fiscal year #bjai and thereafter ,for fiscal year #bjai and each fiscal year thereafter-- 7i7 the allocation of funds required under subparagraph 7,a7 shall not be required2 7ii7 of the amounts received for the fiscal year-- 7,i7 #he percent shall be expended in the same manner in which the #be-percent payments or #ej-percent payments1 as applicable1 are required to be expended2 and 7,,ii7 #ae percent shall be expended on county projects in accordance with title ,,iii2 and 7iii7 the elections otherwise required by subparagraphs 7,b71 7,c71 and 7,d71 or considered to be made under paragraph 7#c77;,b71 as applicable1 shall not apply or be required for payments made for the fiscal year4 4 7#d7 ,distribution of payments to eligible counties ,section #ajc7;d77#b7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaac7;d77#b77 is amended by striking each of fiscal years #bjaa through and for fiscal years #bjag and #bjah and inserting fiscal year #bjaa and each fiscal year thereafter4 7#e7 ,termination of authority ,the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj is amended by striking section #cjd 7#af ,u4,s4,c4 #gadd74 7c7 ,repeal of authority ,to conduct special projects on ,federal land 7#a7 ,in general ,title ,,ii of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaba et seq47 is repealed4 7#b7 ,conforming amendments 7,a7 ,section #ajb7;d7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gaab7;d77 is amended-- 7i7 in paragraph 7#a7-- 7,i7 in subparagraph 7,b7-- 7aa7 by striking clause 7i72 7bb7 by redesignating clauses 7ii7 and 7iii7 as clauses 7i7 and 7ii71 respectively2 and 7cc7 in clause 7ii7 7as so redesignated71 by striking clauses 7i7 and 7ii7 and inserting clause 7i72 7,,ii7 in subparagraph 7,c7-- 7aa7 by striking clause 7i72 7bb7 by redesignating clauses 7ii7 and 7iii7 as clauses 7i7 and 7ii71 respectively2 and 7cc7 in clause 7ii7 7as so redesignated71 by striking clauses 7i7 and 7ii7 and inserting clause 7i72 and 7,,iii7 in subparagraphs 7,e7 and 7,f71 by striking paragraph 7#c77;,b7 each place it appears and inserting paragraph 7#b77;,b72 7ii7 by striking paragraph 7#b72 7iii7 by redesignating paragraph 7#c7 as paragraph 7#b72 and 7iv7 in subparagraph 7,b77ii7 of paragraph 7#b7 7as so redesignated71 by inserting 7as in effect on the day before the date of enactment of the ,forest ,management for ,rural ,stability ,act7 after #bjd7;a77#e74 7,b7 ,section #cjb7;b7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gadb7;b77 is amended 7i7 in paragraph 7#a71 by striking 2 and at the end and inserting a period2 7ii7 in the matter preceding paragraph 7#a71 by striking shall-- and all that follows through publish in paragraph 7#a7 and inserting shall publish2 and 7iii7 by striking paragraph 7#b74 7,c7 ,the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj is amended by striking section #djc 7#af ,u4,s4,c4 #gaec7 and inserting the following3 #djc4 ,treatment of funds ,funds made available under section #djb shall be in addition to any other annual appropriations for the ,forest ,service and the ,bureau of ,land ,management4 4 7,d7 ,section #fjc7;b77#a77;,c77ii77,,ii7 of the ,healthy ,forests ,restoration ,act of #bjjc 7#af ,u4,s4,c4 #feia;b7b77#a77;,c77ii77,,ii77 is amended by inserting 7as in effect on the day before the date of enactment of the ,forest ,management for ,rural ,stability ,act7 before the period at the end4 7,e7 ,section #djjc7;b77#b77;,b77ii7 of the ,omnibus ,public ,land ,management ,act of #bjji 7#af ,u4,s4,c4 #gcjc7;b77#b77;,b77ii77 is amended by striking #ejj note7 and inserting #gabe7 7as in effect on the day before the date of enactment of the ,forest ,management for ,rural ,stability ,act74 7d7 ,use of funds ,section #cjb7;a7 of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gadb7;a77 is amended-- 7#a7 in paragraph 7#a71 by striking to carry out activities under the ,firewise ,communities program2 7#b7 in paragraph 7#b77;,a71 by striking on ,federal land2 7#c7 in paragraph 7#c71 by striking and at the end2 7#d7 in paragraph 7#d71 by striking the period at the end and inserting a semicolon2 and 7#e7 by adding at the end the following3 7#e7 for job training or job creation activities2 7#f7 for projects approved by-- 7,a7 a resource advisory committee2 or 7,b7 a forest collaborative2 7#g7 for natural resource conservation projects2 7#h7 for forest health treatments2 7#i7 for economic development activities2 7#aj7 for transportation infrastructure projects on county road systems that serve ,federal land2 or 7#aa7 to plan1 develop1 or carry out projects on ,federal land that-- 7,a7 are consistent with applicable ,federal laws 7including regulations7 and forest plans2 7,b7 create private sector jobs1 generate county revenue1 or provide merchantable forest products2 and 7,c7 may include-- 7i7 forest health treatments2 7ii7 implementation of work under a ,master ,stewardship ,agreement2 7iii7 implementation of work under a good neighbor agreement 7as defined in section #hbjf7;a7 of the ,agricultural ,act of #bjad 7#af ,u4,s4,c4 #baac;a7a7772 or 7iv7 forest road replacement1 rehabilitation1 or reconstruction4 4 7e7 ,certification ,section #cjc of the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj 7#af ,u4,s4,c4 #gadc7 is amended-- 7#a7 in subsection 7a71 by striking ,february #a and all that follows through ,secretary concerned and inserting ,february #a of each calendar year beginning after a calendar year during which not less than #ce1jjj of county funds were expended by a participating county1 the appropriate official of the participating county shall submit to the ,forest and ,refuge ,county ,foundation established by section #cjjbjb of title #cf1 ,united ,states ,code12 and 7#b7 in subsection 7b7-- 7,a7 by striking ,secretary concerned shall and inserting ,forest and ,refuge ,county ,foundation shall2 and 7,b7 by striking ,secretary concerned determines and inserting ,foundation determines4 7f7 ,funding ,the ,secure ,rural ,schools and ,community ,self-,determination ,act of #bjjj is amended by striking section #djb 7#af ,u4,s4,c4 #gaeb7 and inserting the following3 #djb4 ,funding 7a7 ,in general ,on ,october #a of each fiscal year1 out of any funds in the ,treasury not otherwise appropriated1 the ,secretary of the ,treasury shall transfer to the ,secretary concerned such sums as are necessary to carry out this ,act1 to remain available until expended4 7b7 ,receipt and acceptance ,the ,secretary concerned shall be entitled to receive1 shall accept1 and shall use to carry out this section the funds transferred under subsection 7a71 without further appropriation4 4 #e4 ,funding for ,refuge ,revenue ,sharing ,act 7a7 ,source of payments to counties ,section #dja7;c7 of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes7c771 is amended adding at the end the following3 7#f7 ,source of payments to counties ,notwithstanding any other provision of this section1 for fiscal year #bjai and each fiscal year thereafter1 with respect to counties that have not elected to opt out of distributions under section #cjjbjg7;e77#d77;,a7 of title #cf1 ,united ,states ,code1 instead of making the payments to the applicable counties required under paragraphs 7#a7 and 7#b7 from the fund1 the payments shall be derived from-- 7,a7 distributions to be paid under section #cjjbjg7;e77#b77;,b77ii77,,iii77aa77,,aa 7 of title #cf1 ,united ,states ,code2 and 7,b7 to the extent that amounts made available under subparagraph 7,a7 are insufficient1 any amounts that are appropriated under subsection 7d71 to be distributed in accordance with section #cjjbjg7;e77#b77;,b77ii77,,iii77bb7 of title #cf1 ,united ,states ,code4 4 7b7 ,funding ,section #dja of the ,act of ,june #ae1 #aice 7commonly known as the ,refuge ,revenue ,sharing ,act7 7#di ,stat4 #chc1 chapter #bfa2 #af ,u4,s4,c4 #gaes71 is amended by striking subsection 7d7 and inserting the following3 7d7 ,funding for payments 7#a7 ,in general ,on ,october #a of each fiscal year1 out of any funds in the ,treasury not otherwise appropriated1 the ,secretary of the ,treasury shall transfer to the ,secretary such sums as are necessary to make payments under paragraphs 7#a7 and 7#b7 of subsection 7c7 to counties1 after taking into account-- 7,a7 amounts in the fund available for the payments for the fiscal year2 and 7,b7 amounts made available for payments from the ,national ,resources ,permanent ,fund established by section #cjjbjg7;a7 of title #cf1 ,united ,states ,code1 for the fiscal year4 7#b7 ,receipt and acceptance ,the ,secretary shall be entitled to receive1 shall accept1 and shall use to carry out this section the funds transferred under paragraph 7#a71 without further appropriation4 4 #f4 ,exemption of certain payments from sequestration 7a7 ,in general ,section #bee7;g77#a77;,a7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ije7;g77#a77;,a77 is amended by inserting after ,payments to ,social ,security ,trust ,funds 7#bh-jdjd-j-a-fea74 the following3 ,payments to ,states and eligible counties from the ,national ,resources ,permanent ,fund established by section #cjjbjg7;a7 of title #cf1 ,united ,states ,code4 4 7b7 ,applicability ,the amendment made by this section shall apply to any sequestration order issued under the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ijj et seq47 on or after the date of enactment of this ,act4