H.R.4127 - American Heritage Trust Act of 1988100th Congress (1987-1988)
|Sponsor:||Rep. Udall, Morris K. [D-AZ-2] (Introduced 03/09/1988)|
|Committees:||House - Interior and Insular Affairs; Merchant Marine and Fisheries|
|Committee Reports:||H.Rept 100-944 Part 1; H.Rept 100-944 Part 1|
|Latest Action:||09/28/1988 Placed on Union Calendar No: 593.|
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Summary: H.R.4127 — 100th Congress (1987-1988)All Bill Information (Except Text)
(Reported to House from the Committee on Interior and Insular Affairs with amendment, H. Rept. 100-944(Part I))
Reported to House amended, Part I (09/22/1988)
American Heritage Trust Act of 1988 - Title I: American Heritage Trust - Establishes the American Heritage Trust, comprised of the Land and Water Conservation Fund and the Historic Preservation Fund, to provide funding for the preservation of America's natural, historical, cultural, and outdoor recreational areas.
Title II: Land and Water Conservation Fund - Amends the Land and Water Conservation Fund Act to require the Secretary of the Treasury to invest a portion of the Land and Water Conservation Fund in public debt securities. Requires that the interest from such investments be used to provide for the preservation of the Nation's recreational areas. Requires any excess interest to be credited to the Treasury.
Sets forth a formula for the allocation of such interest income to the Federal Government and the States. Sets forth specified requirements with respect to the apportionment of such income to local and State governments, Indian tribes, and Alaska Native Village Corporations. Repeals a specified section concerning publicity and signing provisions.
Title III: Historic Preservation Fund - Amends the National Historic Preservation Act to extend the Historic Preservation Fund through 2015. Requires the Secretary of the Treasury to invest a portion of such Fund in public debt securities.
Requires that the interest from such investments be used for the preservation of historic sites.
Provides for allocation of a percentage of annual appropriations for State historic preservation trust funds.
Title IV: Miscellaneous Provisions - Requires the owner of any site that benefits from moneys derived from the American Heritage Trust to install a sign indicating that fact. Requires the Secretary of the Interior, within 18 months after enactment of this Act, to provide for a contest for elementary or secondary school children for the design of a symbol to represent such Trust and for use in such signs.