119 STAT. 2570
PUBLIC LAW 109–132—DEC. 20, 2005
Public Law 109–132 109th Congress An Act Dec. 20, 2005 [S. 212] Valles Caldera Preservation Act of 2005. 16 USC 698v note.
To amend the Valles Caldera Preservation Act to improve the preservation of the Valles Caldera, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Valles Caldera Preservation Act of 2005’’. SEC. 2. AMENDMENTS TO THE VALLES CALDERA PRESERVATION ACT.
Deadline.
VerDate 14-DEC-2004
07:21 Oct 30, 2006
(a) ACQUISITION OF OUTSTANDING MINERAL INTERESTS.—Section 104(e) of the Valles Caldera Preservation Act (16 U.S.C. 698v– 2(e)) is amended— (1) by striking ‘‘The acquisition’’ and inserting the following: ‘‘(1) IN GENERAL.—The acquisition’’; (2) by striking ‘‘The Secretary’’ and inserting the following: ‘‘(2) ACQUISITION.—The Secretary’’; (3) by striking ‘‘on a willing seller basis’’; (4) by striking ‘‘Any such’’ and inserting the following: ‘‘(3) ADMINISTRATION.—Any such’’; and (5) by adding at the end the following: ‘‘(4) AVAILABLE FUNDS.—Any such interests shall be acquired with available funds. ‘‘(5) DECLARATION OF TAKING.— ‘‘(A) IN GENERAL.—If negotiations to acquire the interests are unsuccessful by the date that is 60 days after the date of enactment of this paragraph, the Secretary shall acquire the interests pursuant to section 3114 of title 40, United States Code. ‘‘(B) SOURCE OF FUNDS.—Any difference between the sum of money estimated to be just compensation by the Secretary and the amount awarded shall be paid from the permanent judgment appropriation under section 1304 of title 31, United States Code.’’. (b) OBLIGATIONS AND EXPENDITURES.—Section 106(e) of the Valles Caldera Preservation Act (16 U.S.C. 698v–4(e)) is amended by adding at the end the following: ‘‘(4) OBLIGATIONS AND EXPENDITURES.—Subject to the laws applicable to Government corporations, the Trust shall determine— ‘‘(A) the character of, and the necessity for, any obligations and expenditures of the Trust; and ‘‘(B) the manner in which obligations and expenditures shall be incurred, allowed, and paid.’’.
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