(a)
Authority To Dispose or Deal With Property or
Income.—
Except as otherwise required by the instrument of transfer, the National
Park Foundation may sell, lease, invest, reinvest, retain, or otherwise dispose
of or deal with any property or income from the property as the Board may
determine.
(b)
Restriction.—
The National Park Foundation shall not engage in any business or make any
investment that may not lawfully be made by a trust company in the District of
Columbia, except that the Foundation may make any investment authorized by the
instrument of transfer, and may retain any property accepted by the Foundation.
(c)
Use of Services and Facilities of the
Departments of the Interior and Justice.—
The National Park Foundation may utilize the services and facilities of the
Department of the Interior and the Department of Justice, and the services and
facilities may be made available on request to the extent practicable with or
without reimbursement. Amounts reimbursed to either Department shall be returned
by the Department to the account from which the funds for which the
reimbursement is made were drawn and may, without further appropriation, be
expended for any purpose for which the account is authorized.
Structure US Code
Title 54— NATIONAL PARK SERVICE AND RELATED PROGRAMS
Subtitle I— National Park System
DIVISION A— ESTABLISHMENT AND GENERAL ADMINISTRATION
SUBCHAPTER II— NATIONAL PARK FOUNDATION
§ 101111. Purpose and establishment of Foundation
§ 101113. Gifts, devises, or bequests
§ 101114. Disposition of property or income
§ 101119. Liability of United States
§ 101120. Promotion of local fundraising support
§ 101121. Second Century Endowment for the National Park Service