117 STAT. 1012
(7) ASSISTANCE.—The Executive Secretary of the Commission shall provide assistance to an advisory board as authorized by the Commission. (c) ESTABLISHMENT OF SENATE PRESERVATION FUND.— (1) ESTABLISHMENT.—There is established in the Treasury a fund, to be known as the ‘‘Senate Preservation Fund’’ (in this section referred to as the ‘‘fund’’), which shall consist of amounts deposited and credited under paragraph (3). (2) PAYMENT OF COSTS.—The fund shall be available to the Commission for the payment of acquisition and transaction costs incurred for acquisitions under subsection (a), for official activities of any advisory board established under subsection (b), and for any purposes for which funds from the contingent fund of the Senate may be used under section 316(a) of Public Law 101–302 (2 U.S.C. 2107). (3) DEPOSITS, CREDITS, AND DISBURSEMENTS.— (A) DEPOSITS.—The Commission shall deposit in the fund amounts appropriated for use of the fund, gifts of money, and proceeds of transactions under subsection (a). (B) CREDITS.—The Secretary of the Treasury shall credit to the fund the interest on, and the proceeds from sale or redemption of, obligations held in the fund. (C) DISBURSEMENTS.—Disbursements from the fund shall be made on vouchers approved by the Commission and signed by the Executive Secretary of the Commission. (4) INVESTMENTS.— (A) IN GENERAL.—The Secretary of the Treasury shall invest any portion of the fund that, as determined by the Commission, is not required to meet current withdrawals. (B) TYPE OF OBLIGATION.—Each investment required by this paragraph shall be made in an interest bearing obligation of the United States or an obligation guaranteed as to the principal and interest by the United States that, as determined by the Commission, has a maturity suitable for the fund. (C) COMMISSION APPROVAL.—In carrying out this subsection, the Secretary of the Treasury may make such purchases, sales, and redemption of obligations as may be approved by the Commission. (5) SERVICES AND SUPPORT.—The Library of Congress shall provide financial management and disbursing services and support to the Commission as may be required and mutually agreed to by the Librarian of Congress and the Executive Secretary of the Commission. (6) AUDITS.—The Comptroller General of the United States shall conduct annual audits of the Senate Preservation Fund and shall report the results of each audit to the Commission. (d) ADMINISTRATIVE CHANGES.— (1) SENATE COMMISSION ON ART.—Section 1 of Senate Resolution 382, 90th Congress, agreed to October 1, 1968, and enacted into law by section 901(a) of Public Law 100–696 (2 U.S.C. 2101) is amended— (A) in subsection (b), by striking the first sentence and inserting ‘‘The Majority Leader and Minority Leader of the Senate shall be the chairman and vice chairman, respectively, of the Commission.’’; and
Reports.
VerDate 11-MAY-2000
13:45 Aug 26, 2004
PUBLIC LAW 108–83—SEPT. 30, 2003
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