[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1809 Introduced in House (IH)]

  1st Session
                                H. R. 1809

  To authorize the American Battle Monuments Commission to enter into 
arrangements for the repair and long-term maintenance of war memorials 
            for which the Commission assumes responsibility.


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                    IN THE HOUSE OF REPRESENTATIVES

                              June 8, 1995

  Mr. Stump (for himself and Mr. Montgomery) introduced the following 
     bill; which was referred to the Committee on Veterans' Affairs

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                                 A BILL


 
  To authorize the American Battle Monuments Commission to enter into 
arrangements for the repair and long-term maintenance of war memorials 
            for which the Commission assumes responsibility.
    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That section 5(b)(2) of 
the Act of March 4, 1923 (36 U.S.C. 125(b)(2)), is amended--
            (1) by inserting ``(A)'' after ``(2)''; and
            (2) by adding at the end the following:
    ``(B) In assuming responsibility for a war memorial under paragraph 
(1), the Commission may enter into arrangements with the sponsors of 
the memorial to provide for the repair or long-term maintenance of the 
memorial. Any funds transferred to the Commission for the purpose of 
this subparagraph shall, in lieu of subparagraph (A), be deposited by 
the Commission in the fund established by paragraph (3).
    ``(3)(A) There is established in the Treasury a fund which shall be 
available to the Commission for expenses for the maintenance and repair 
of memorials with respect to which the Commission enters into 
arrangements under paragraph (2)(B). The fund shall consist of (i) 
amounts deposited, and interest and proceeds credited, under 
subparagraph (B), and (ii) obligations obtained under subparagraph (C).
    ``(B) The Commission shall deposit in the fund such amounts from 
private contributions as may be accepted under paragraph (2)(B). 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) The Secretary of the Treasury shall invest any portion of the 
fund that, as determined by the Commission, is not required to meet 
current expenses. Each investment shall be made in an interest bearing 
obligation of the United States or an obligation guaranteed as to 
principal and interest by the United States that, as determined by the 
Commission, has a maturity suitable for the fund.''.
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