[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 1643 Introduced in Senate (IS)]

<DOC>






116th CONGRESS
  1st Session
                                S. 1643

 To amend title 36, United States Code, to grant a Federal charter to 
      the Forest and Refuge County Foundation, to provide for the 
 establishment of the Natural Resources Permanent Fund, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                 May 23 (legislative day, May 22), 2019

    Mr. Wyden (for himself, Mr. Crapo, Mr. Merkley, and Mr. Risch) 
introduced the following bill; which was read twice and referred to the 
               Committee on Energy and Natural Resources

_______________________________________________________________________

                                 A BILL


 
 To amend title 36, United States Code, to grant a Federal charter to 
      the Forest and Refuge County Foundation, to provide for the 
 establishment of the Natural Resources Permanent Fund, 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 ``Forest Management for Rural 
Stability Act''.

SEC. 2. FEDERAL CHARTER FOR FOREST AND REFUGE COUNTY FOUNDATION AND 
              ESTABLISHMENT OF NATURAL RESOURCES PERMANENT FUND.

    (a) Federal Charter for Forest and Refuge County Foundation.--
Subtitle III of title 36, United States Code, is amended by inserting 
after chapter 3001 the following:

          ``CHAPTER 3002--FOREST AND REFUGE COUNTY FOUNDATION

``Sec.
``300201. Definitions.
``300202. Establishment.
``300203. Status and applicable laws.
``300204. Board of Directors.
``300205. Bylaws and duties.
``300206. Authority of Corporation.
``300207. Establishment of Natural Resources Permanent Fund.
``Sec. 300201. Definitions
    ``In this chapter:
            ``(1) Agency head.--The term `agency head' means--
                    ``(A) the Secretary of the Treasury;
                    ``(B) the Chief of the Forest Service;
                    ``(C) the Director of the Bureau of Land 
                Management; and
                    ``(D) the Director of the United States Fish and 
                Wildlife Service.
            ``(2) Board.--The term `Board' means the Board of Directors 
        of the Corporation.
            ``(3) Chairperson.--The term `Chairperson' means the 
        Chairperson of the Board.
            ``(4) Corporation.--The term `Corporation' means the Forest 
        and Refuge County Foundation established by section 300202.
            ``(5) County payment; full funding amount; state payment.--
        The terms `county payment', `full funding amount', and `State 
        payment' have the meanings given those terms in section 3 of 
        the Secure Rural Schools and Community Self-Determination Act 
        of 2000 (16 U.S.C. 7102).
            ``(6) Eligible county.--
                    ``(A) In general.--The term `eligible county' 
                means--
                            ``(i) a county that is eligible for a 
                        payment under the Secure Rural Schools and 
                        Community Self-Determination Act of 2000 (16 
                        U.S.C. 7101 et seq.), with respect to an 
                        account established by paragraph (1) or (2) of 
                        section 300207(b); or
                            ``(ii) a county that is eligible for a 
                        payment under section 401(c) of the Act of June 
                        15, 1935 (commonly known as the `Refuge Revenue 
                        Sharing Act') (49 Stat. 383, chapter 261; 16 
                        U.S.C. 715s(c)), with respect to the account 
                        established by section 300207(b)(3).
                    ``(B) Exclusion.--The term `eligible county' does 
                not include a county that has elected to opt out of 
                distributions from the Fund under section 
                300207(e)(4)(A).
            ``(7) Fund.--The term `Fund' means the Natural Resources 
        Permanent Fund established by section 300207(a).
            ``(8) Highest historic payment.--The term `highest historic 
        payment' means--
                    ``(A) with respect to the Forest Service Account of 
                the Fund, an amount equal to the total amount of State 
                payments received under section 101(a) of the Secure 
                Rural Schools and Community Self-Determination Act of 
                2000 (16 U.S.C. 7111(a)) for fiscal year 2008 (as 
                adjusted to reflect changes during the period beginning 
                on October 1, 2008, in the Consumer Price Index for All 
                Urban Consumers published by the Bureau of Labor 
                Statistics of the Department of Labor); and
                    ``(B) with respect to the Bureau of Land Management 
                Account of the Fund, an amount equal to the total 
                amount of county payments received under section 101(b) 
                of the Secure Rural Schools and Community Self-
                Determination Act of 2000 (16 U.S.C. 7111(b)) for 
                fiscal year 2006 (as adjusted to reflect changes during 
                the period beginning on October 1, 2006, in the 
                Consumer Price Index for All Urban Consumers published 
                by the Bureau of Labor Statistics of the Department of 
                Labor).
            ``(9) Manager.--The term `manager' means the manager of 
        investments employed by the Board pursuant to section 
        300205(c)(3).
            ``(10) Resource advisory committee.--The term `resource 
        advisory committee' means--
                    ``(A) a resource advisory committee established 
                under section 205 of the Secure Rural Schools and 
                Community Self-Determination Act of 2000 (16 U.S.C. 
                7125) (as in effect on the day before the date of 
                enactment of this chapter); and
                    ``(B) an advisory council established pursuant to 
                section 309(a) of the Federal Land Policy and 
                Management Act of 1976 (43 U.S.C. 1739(a)).
            ``(11) Secretary concerned.--The term `Secretary concerned' 
        means--
                    ``(A) the Secretary of Agriculture, with respect to 
                the account established by section 300207(b)(1); and
                    ``(B) the Secretary of the Interior, with respect 
                to an account established by paragraph (2) or (3) of 
                section 300207(b).
``Sec. 300202. Establishment
    ``There is established a federally chartered, nonprofit 
corporation, to be known as the `Forest and Refuge County Foundation', 
which shall be incorporated in the State of Oregon.
``Sec. 300203. Status and applicable laws
    ``(a) Non-Federal Entity.--The Corporation is not--
            ``(1) a department, agency, or instrumentality of the 
        United States Government; or
            ``(2) subject to title 31.
    ``(b) Liability.--The United States Government shall not be liable 
for the actions or inactions of the Corporation.
    ``(c) Nonprofit Corporation.--The Corporation shall have and 
maintain the status of the Corporation as a nonprofit corporation 
exempt from taxation under the Internal Revenue Code of 1986.
``Sec. 300204. Board of Directors
    ``(a) Authority.--The powers of the Corporation shall be vested in 
a Board of Directors that governs the Corporation.
    ``(b) Membership.--
            ``(1) Composition.--The Board shall be composed of 11 
        members, of whom--
                    ``(A) 3 shall be appointed by the Chief of the 
                Forest Service;
                    ``(B) 2 shall be appointed by the Director of the 
                Bureau of Land Management; and
                    ``(C) 6 shall be appointed by the Secretary of the 
                Treasury.
            ``(2) Qualifications.--In making appointments under 
        paragraph (1), the agency heads shall--
                    ``(A) appoint members who represent the various 
                regions of the United States; and
                    ``(B) ensure that the membership of the Board is--
                            ``(i) apolitical; and
                            ``(ii) fairly balanced in terms of--
                                    ``(I) the points of view 
                                represented; and
                                    ``(II) the functions to be 
                                performed by the Board, by appointing--
                                            ``(aa) 3 members who are 
                                        county elected officials, as of 
                                        the date of appointment of the 
                                        members, of whom--

                                                    ``(AA) 1 shall be 
                                                an elected official of 
                                                a county that contains 
                                                Federal land described 
                                                in section 3(7)(A) of 
                                                the Secure Rural 
                                                Schools and Community 
                                                Self-Determination Act 
                                                of 2000 (16 U.S.C. 
                                                7102(7)(A));

                                                    ``(BB) 1 shall be 
                                                an elected official of 
                                                a county that contains 
                                                Federal land described 
                                                in section 3(7)(B) of 
                                                the Secure Rural 
                                                Schools and Community 
                                                Self-Determination Act 
                                                of 2000 (16 U.S.C. 
                                                7102(7)(B)); and

                                                    ``(CC) 1 shall be 
                                                an elected official of 
                                                a county that is 
                                                eligible for a payment 
                                                under section 401(c) of 
                                                the Act of June 15, 
                                                1935 (commonly known as 
                                                the `Refuge Revenue 
                                                Sharing Act') (49 Stat. 
                                                383, chapter 261; 16 
                                                U.S.C. 715s(c));

                                            ``(bb) 1 member to 
                                        represent rural economic 
                                        development interests;
                                            ``(cc) 6 members with 
                                        expert experience in fund 
                                        management or finance; and
                                            ``(dd) 1 member to 
                                        represent education interests.
            ``(3) Prohibition.--A member of the Board, other than a 
        member described in paragraph (2)(B)(ii)(II)(aa), shall not 
        hold an office, position, or employment in any political party.
            ``(4) Date.--The appointments of the members of the Board 
        shall be made not later than 90 days after the date of 
        enactment of this chapter.
    ``(c) Chairperson.--
            ``(1) In general.--The Chairperson of the Board shall be 
        selected from among the members of the Board by a majority vote 
        of the members.
            ``(2) Term of service.--The Chairperson of the Board--
                    ``(A) shall serve for a term of not longer than 4 
                years; and
                    ``(B) may be reelected to serve an additional term, 
                subject to the condition that the Chairperson may serve 
                for not more than 2 consecutive terms.
    ``(d) Terms.--
            ``(1) In general.--The term of the members of the Board 
        shall be 6 years, except that the agency heads shall designate 
        staggered terms for the members initially appointed to the 
        Board.
            ``(2) Reappointment.--A member of the Board may be 
        reappointed to serve an additional term, subject to the 
        condition that the member may serve for not more than 2 
        consecutive terms.
    ``(e) Vacancy.--A vacancy on the Board shall be filled--
            ``(1) by not later than 90 days after the date on which the 
        vacancy occurs; and
            ``(2) in the manner in which the original appointment was 
        made.
    ``(f) Transitions.--Any member of the Board may continue to serve 
after the expiration of the term for which the member was appointed or 
elected until a qualified successor has been appointed or elected.
    ``(g) Meetings and Quorum.--
            ``(1) Meetings.--
                    ``(A) In general.--The Board shall meet--
                            ``(i) not less frequently than once each 
                        calendar year; and
                            ``(ii)(I) at the call of--
                                    ``(aa) the Chairperson; or
                                    ``(bb) 3 or more members; or
                            ``(II) as otherwise provided in the bylaws 
                        of the Corporation.
                    ``(B) Initial meeting.--Not later than 150 days 
                after the date of enactment of this chapter, the Board 
                shall hold an initial meeting of the Board.
            ``(2) Quorum.--A quorum of the Board, consisting of a 
        majority of the members of the Board, shall be required to 
        conduct any business of the Board.
            ``(3) Approval of board actions.--Except as otherwise 
        provided, the threshold for approving Board actions shall be as 
        set forth in the bylaws of the Corporation.
    ``(h) Reimbursement of Expenses.--
            ``(1) In general.--A voting member of the Board--
                    ``(A) shall serve without pay; but
                    ``(B) subject to paragraph (2), may be reimbursed 
                for the actual and necessary traveling and subsistence 
                expenses incurred by the member in the performance of 
                duties for the Corporation.
            ``(2) Maximum amount.--The amount of reimbursement under 
        paragraph (1)(B) may not exceed the amount that would be 
        authorized under section 5703 of title 5 for the payment of 
        expenses and allowances for an individual employed 
        intermittently in the Federal Government service.
``Sec. 300205. Bylaws and duties
    ``(a) In General.--The Board shall adopt, and may amend, the bylaws 
of the Corporation.
    ``(b) Bylaws.--The bylaws of the Corporation shall include, at a 
minimum--
            ``(1) the duties and responsibilities of the Board; and
            ``(2) the operational procedures of the Corporation.
    ``(c) Duties and Responsibilities of Board.--The Board shall be 
responsible for actions of the Corporation, including--
            ``(1)(A) employing individuals at the Corporation to 
        provide investment management services; or
            ``(B) retaining the services of investment management 
        services providers;
            ``(2) employing individuals at the Corporation to provide 
        accounting and administrative services;
            ``(3) employing a manager of investments to manage the 
        amounts authorized to be invested by the Board in accordance 
        with subsection (d);
            ``(4) entering into a contract with 1 or more banking or 
        trust entities to act as the custodian of the assets of the 
        Fund; and
            ``(5) engaging other appropriate professional service 
        providers to support the Board and the employees of the Board 
        in carrying out the duties and responsibilities of the Board 
        under this chapter.
    ``(d) Authority of Manager.--Subject to the direction of the Board, 
the manager shall have control over the amounts under the jurisdiction 
of the Board in the same manner as if the manager owned those amounts.
``Sec. 300206. Authority of Corporation
    ``Except as otherwise provided in this chapter, the Corporation, 
acting through the manager, shall have the authority--
            ``(1) to manage the Fund;
            ``(2) to make investments of amounts in the Fund under 
        section 300207(d);
            ``(3) to make distributions from the Fund under section 
        300207(e)(2); and
            ``(4) to review certifications submitted by participating 
        counties under section 303(a) of the Secure Rural Schools and 
        Community Self-Determination Act of 2000 (16 U.S.C. 7143(a)).
``Sec. 300207. Establishment of Natural Resources Permanent Fund
    ``(a) Establishment.--There is established within the Corporation a 
permanent fund, to be known as the `Natural Resources Permanent Fund', 
consisting of--
            ``(1) amounts deposited in the accounts under subsection 
        (b);
            ``(2) amounts deposited by an eligible county or State 
        under subsection (c)(1);
            ``(3) amounts credited to the Fund under subsection (d)(3); 
        and
            ``(4) amounts appropriated to the Fund under paragraph (1) 
        of subsection (i), subject to paragraph (2) of that subsection.
    ``(b) Accounts.--Within the Fund, there are established the 
following accounts:
            ``(1) The Forest Service Account, consisting of the amounts 
        transferred under section 3(b)(2) of the Forest Management for 
        Rural Stability Act.
            ``(2) The Bureau of Land Management Account, consisting of 
        the amounts transferred under subsections (c)(2) and (d)(2) of 
        section 3 of the Forest Management for Rural Stability Act.
            ``(3) The United States Fish and Wildlife Service Account, 
        consisting of the amounts transferred under section 3(e)(2) of 
        the Forest Management for Rural Stability Act.
            ``(4) The Voluntary County Savings Account, consisting of 
        voluntary contributions of additional funds transferred under 
        subsection (c)(2)(A)(i).
    ``(c) Voluntary Contributions of Additional Funds.--
            ``(1) In general.--Subject to paragraph (2), the 
        Corporation may at any time accept from eligible counties and 
        States voluntary contributions of amounts to be deposited in 
        the Fund, for investment by the Corporation, in accordance with 
        this chapter.
            ``(2) Limitation.--Any amounts contributed under paragraph 
        (1)--
                    ``(A) shall be--
                            ``(i) transferred to the Voluntary County 
                        Savings Account; and
                            ``(ii) maintained within a segregated 
                        account in that Account for each contributing 
                        county; and
                    ``(B) may only be distributed to the eligible 
                county or State that deposited the amounts, in 
                accordance with this chapter and paragraph (3).
            ``(3) Distributions.--Distributions to an eligible county 
        or a State under paragraph (2)(B)--
                    ``(A) shall be made by not later than 30 days after 
                the date of receipt of a written request of the 
                applicable eligible county or State;
                    ``(B) shall not be subject to any restrictions or 
                limitations associated with distributions made from an 
                account established by paragraph (1), (2), or (3) of 
                subsection (b); and
                    ``(C) may only be used for a governmental purpose 
                that complies with the budget laws of the applicable 
                State.
    ``(d) Investments of Fund.--
            ``(1) Investment policy.--
                    ``(A) In general.--Not later than 180 days after 
                the date of enactment of this chapter, the Board shall 
                develop an investment policy for the investment of 
                amounts in the Fund.
                    ``(B) Requirement.--For purposes of the investment 
                policy developed under subparagraph (A), the 
                Corporation shall--
                            ``(i) seek to achieve at least a 5-percent 
                        rate of return on investments of the Fund, net 
                        of inflation; and
                            ``(ii) adopt asset management strategies 
                        that are consistent with the standard of care 
                        established under the Uniform Prudent 
                        Management of Institutional Funds Act of 2007 
                        (D.C. Code 44-1631 et seq.).
                    ``(C) Periodic updates.--The Corporation shall--
                            ``(i) not less frequently than annually, 
                        review the investment policy developed under 
                        subparagraph (A); and
                            ``(ii) based on a review conducted under 
                        clause (i), modify the investment policy as the 
                        Corporation determines to be appropriate.
            ``(2) Investment services.--For purposes of investing 
        amounts in the Fund, the Corporation may--
                    ``(A) employ individuals at the Corporation to 
                provide investment management services; or
                    ``(B) retain the services of investment management 
                services providers.
            ``(3) Income.--Income from any investments of amounts from 
        an account within the Fund shall be credited to the applicable 
        account within the Fund.
    ``(e) Expenditures From Fund.--
            ``(1) Availability of funds.--For each fiscal year, the 
        Corporation shall make available for distribution in accordance 
        with this subsection 4.5 percent of amounts in each account 
        within the Fund established by paragraph (1), (2), or (3) of 
        subsection (b), as determined by the Corporation, based on--
                    ``(A) for the initial 3 fiscal years during which 
                the Fund is in operation, the average fiscal year-end 
                balance of the applicable account; and
                    ``(B) thereafter, the average fiscal year-end 
                balance of the applicable account during the 3-year 
                period preceding the date of the determination.
            ``(2) Distributions.--
                    ``(A) Forest service account and bureau of land 
                management account.--
                            ``(i) In general.--For each fiscal year, of 
                        the amounts in each of the Forest Service and 
                        the Bureau of Land Management Accounts within 
                        the Fund available for distribution for the 
                        fiscal year, as determined under paragraph 
                        (1)--
                                    ``(I) 85 percent shall be used to 
                                make payments to eligible States and 
                                eligible counties in accordance with 
                                title I of the Secure Rural Schools and 
                                Community Self-Determination Act of 
                                2000 (16 U.S.C. 7111 et seq.) and 
                                clause (ii); and
                                    ``(II) 15 percent shall be used to 
                                make payments to eligible States and 
                                eligible counties in accordance with 
                                title III of the Secure Rural Schools 
                                and Community Self-Determination Act of 
                                2000 (16 U.S.C. 7141 et seq.).
                            ``(ii) Calculation and distribution of 
                        authorized payments.--
                                    ``(I) Availability.--Not later than 
                                14 days after the beginning of each 
                                fiscal year, the Corporation shall 
                                submit to the Secretary concerned a 
                                description of the amount available in 
                                each of the Forest Service and the 
                                Bureau of Land Management Accounts 
                                within the Fund available to make 
                                payments for the fiscal year, as 
                                determined under paragraph (1), to--
                                            ``(aa) eligible States 
                                        under subsection (a) of section 
                                        101 of the Secure Rural Schools 
                                        and Community Self-
                                        Determination Act of 2000 (16 
                                        U.S.C. 7111), with respect to 
                                        the Forest Service Account; and
                                            ``(bb) eligible counties 
                                        under subsection (b) of that 
                                        section, with respect to the 
                                        Bureau of Land Management 
                                        Account.
                                    ``(II) Calculation.--Not later than 
                                14 days after the date on which the 
                                Corporation submits the information 
                                under subclause (I), based on the 
                                information provided under that 
                                subclause and the amounts otherwise 
                                available to the Secretary concerned 
                                for the fiscal year to make payments to 
                                eligible counties under the Secure 
                                Rural Schools and Community Self-
                                Determination Act of 2000 (16 U.S.C. 
                                7101 et seq.), as determined by the 
                                Secretary concerned, the Secretary 
                                concerned shall, based on the formulas 
                                for authorized payments established 
                                under that Act, calculate and submit to 
                                the Corporation the authorized payment 
                                amount for each eligible county, 
                                including--
                                            ``(aa) the amount of the 
                                        authorized payment for each 
                                        eligible county to be paid from 
                                        the applicable account in the 
                                        Fund; and
                                            ``(bb) the amount of the 
                                        authorized payment to be paid 
                                        for each eligible county using 
                                        amounts made available under 
                                        section 402 of the Secure Rural 
                                        Schools and Community Self-
                                        Determination Act of 2000 (16 
                                        U.S.C. 7152).
                                    ``(III) Distribution.--Subject to 
                                subparagraphs (C) and (D), not later 
                                than 40 days after the date on which 
                                the Secretary concerned submits the 
                                information to the Corporation under 
                                subclause (II)--
                                            ``(aa) the Corporation 
                                        shall--

                                                    ``(AA) distribute 
                                                from the Forest Service 
                                                Account within the Fund 
                                                to States, for 
                                                redistribution to the 
                                                eligible counties, the 
                                                amount of the 
                                                authorized payment to 
                                                be paid to eligible 
                                                counties within the 
                                                State under section 
                                                101(a) of the Secure 
                                                Rural Schools and 
                                                Community Self-
                                                Determination Act of 
                                                2000 (16 U.S.C. 
                                                7111(a)), as determined 
                                                under subclause 
                                                (II)(aa), to be used 
                                                for the purposes 
                                                authorized under title 
                                                I or III of that Act 
                                                (16 U.S.C. 7111 et 
                                                seq.);

                                                    ``(BB) distribute 
                                                from the Bureau of Land 
                                                Management Account 
                                                within the Fund to the 
                                                eligible counties the 
                                                amount of the 
                                                authorized payment to 
                                                be paid to eligible 
                                                counties under section 
                                                101(b) of the Secure 
                                                Rural Schools and 
                                                Community Self-
                                                Determination Act of 
                                                2000 (16 U.S.C. 
                                                7111(b)), as determined 
                                                under subclause 
                                                (II)(aa), to be used 
                                                for the purposes 
                                                authorized under title 
                                                I or III of that Act 
                                                (16 U.S.C. 7111 et 
                                                seq.); and

                                                    ``(CC) submit to 
                                                the Secretary concerned 
                                                a description of the 
                                                amounts distributed 
                                                under subitems (AA) and 
                                                (BB); and

                                            ``(bb) except as provided 
                                        in subparagraph (C)(ii)(II), 
                                        the Secretary concerned shall 
                                        pay to eligible counties, and 
                                        to the State for redistribution 
                                        to eligible counties, the 
                                        amount of the authorized 
                                        payments under subclause 
                                        (II)(bb).
                    ``(B) United states fish and wildlife service 
                account.--
                            ``(i) In general.--For each fiscal year, 
                        amounts in the United States Fish and Wildlife 
                        Service Account within the Fund available for 
                        distribution for the fiscal year, as determined 
                        under paragraph (1), shall be used to make 
                        payments to eligible counties, in accordance 
                        with section 401(c) of the Act of June 15, 1935 
                        (commonly known as the `Refuge Revenue Sharing 
                        Act') (49 Stat. 383, chapter 261; 16 U.S.C. 
                        715s(c)) and clause (ii).
                            ``(ii) Calculation and distribution of 
                        authorized payments.--
                                    ``(I) Availability.--Not later than 
                                14 days after the beginning of each 
                                fiscal year, the Corporation shall 
                                submit to the Secretary concerned a 
                                description of the amount available in 
                                United States Fish and Wildlife Service 
                                Account within the Fund available to 
                                make authorized payments to eligible 
                                counties for the fiscal year under 
                                section 401(c) of the Act of June 15, 
                                1935 (commonly known as the `Refuge 
                                Revenue Sharing Act') (49 Stat. 383, 
                                chapter 261; 16 U.S.C. 715s(c)), as 
                                determined under paragraph (1).
                                    ``(II) Calculation.--Not later than 
                                14 days after the date on which the 
                                Corporation submits the information 
                                under subclause (I), based on the 
                                information provided under that 
                                subclause and the amounts otherwise 
                                available to the Secretary concerned 
                                for the fiscal year to make payments to 
                                eligible counties under section 401(c) 
                                of the Act of June 15, 1935 (commonly 
                                known as the `Refuge Revenue Sharing 
                                Act') (49 Stat. 383, chapter 261; 16 
                                U.S.C. 715s(c)), as determined by the 
                                Secretary concerned, the Secretary 
                                concerned shall, based on the formulas 
                                for authorized payments established 
                                under that Act, calculate and submit to 
                                the Corporation the authorized payment 
                                amount for each eligible county, 
                                including--
                                            ``(aa) the amount of the 
                                        authorized payment for each 
                                        eligible county to be paid from 
                                        the United States Fish and 
                                        Wildlife Service Account within 
                                        the Fund; and
                                            ``(bb) the amount of the 
                                        authorized payment to be paid 
                                        for each eligible county using 
                                        amounts made available under 
                                        section 401(c) of the Act of 
                                        June 15, 1935 (commonly known 
                                        as the `Refuge Revenue Sharing 
                                        Act') (49 Stat. 383, chapter 
                                        261; 16 U.S.C. 715s(c)).
                                    ``(III) Distribution.--Subject to 
                                subparagraphs (C) and (D), not later 
                                than 40 days after the date on which 
                                the Secretary concerned submits the 
                                information to the Corporation under 
                                subclause (II)--
                                            ``(aa) the Corporation 
                                        shall--

                                                    ``(AA) distribute 
                                                from the United States 
                                                Fish and Wildlife 
                                                Service Account within 
                                                the Fund to the 
                                                eligible counties the 
                                                amount of the 
                                                authorized payment to 
                                                be paid from that 
                                                Account to eligible 
                                                counties, as determined 
                                                under subclause 
                                                (II)(aa), to be used 
                                                for the purposes 
                                                authorized under 
                                                section 401(c)(5)(C) of 
                                                the Act of June 15, 
                                                1935 (commonly known as 
                                                the `Refuge Revenue 
                                                Sharing Act') (49 Stat. 
                                                383, chapter 261; 16 
                                                U.S.C. 715s(c)(5)(C)); 
                                                and

                                                    ``(BB) submit to 
                                                the Secretary concerned 
                                                a description of the 
                                                amounts distributed 
                                                under subitem (AA); and

                                            ``(bb) except as provided 
                                        in subparagraph (C)(ii)(II), 
                                        the Secretary concerned shall 
                                        pay to the eligible counties 
                                        the amount to be paid for 
                                        eligible counties under 
                                        subclause (II)(bb).
                    ``(C) Minimum payment amount.--
                            ``(i) In general.--Notwithstanding 
                        subparagraphs (A) and (B), the minimum amount 
                        of a payment to be distributed to a State or 
                        eligible county under subitem (AA) or (BB) of 
                        subparagraph (A)(ii)(III)(aa) or subparagraph 
                        (B)(ii)(III)(aa)(AA) for a fiscal year shall be 
                        the amount of the payment authorized to be made 
                        to the State or eligible county for fiscal year 
                        2017 under the Secure Rural Schools and 
                        Community Self-Determination Act of 2000 (16 
                        U.S.C. 7101 et seq.) or section 401(c) of the 
                        Act of June 15, 1935 (commonly known as the 
                        `Refuge Revenue Sharing Act') (49 Stat. 383, 
                        chapter 261; 16 U.S.C. 715s(c)), as applicable 
                        (as adjusted to reflect changes during the 
                        period beginning on October 1, 2017, in the 
                        Consumer Price Index for All Urban Consumers 
                        published by the Bureau of Labor Statistics of 
                        the Department of Labor).
                            ``(ii) Obligation of secretary.--The 
                        Secretary concerned--
                                    ``(I) shall only make a payment to 
                                a State or eligible county under 
                                subparagraph (A)(ii)(III)(bb) or 
                                (B)(ii)(III)(bb) for a fiscal year if 
                                the Secretary concerned determines that 
                                the amount of the payment to be 
                                distributed from the Fund to the State 
                                or eligible county under subitem (AA) 
                                or (BB) of subparagraph 
                                (A)(ii)(III)(aa) or subparagraph 
                                (B)(ii)(III)(aa)(AA) is less than the 
                                minimum payment amount required under 
                                clause (i); and
                                    ``(II) if the Secretary concerned 
                                determines that the amount of a payment 
                                to be distributed to a State or 
                                eligible county under subitem (AA) or 
                                (BB) of subparagraph (A)(ii)(III)(aa) 
                                or subparagraph (B)(ii)(III)(aa)(AA) 
                                would exceed the minimum payment amount 
                                required under clause (i), shall not 
                                make the payment otherwise required 
                                under subparagraph (A)(ii)(III)(bb) or 
                                (B)(ii)(III)(bb), as applicable, for 
                                the fiscal year.
                    ``(D) Maximum payment amount.--
                            ``(i) In general.--Notwithstanding 
                        subparagraphs (A) and (B), in any case in which 
                        the total amount of payments to be distributed 
                        by the Corporation to States or eligible 
                        counties, as applicable, from an account within 
                        the Fund for a fiscal year, as calculated under 
                        subparagraph (A)(ii)(II)(aa) or 
                        (B)(ii)(II)(aa), as applicable, would exceed 
                        the applicable highest historic payment, the 
                        Corporation shall reduce the total amount to be 
                        distributed under subitem (AA) or (BB) of 
                        subparagraph (A)(ii)(III)(aa) or subparagraph 
                        (B)(ii)(III)(aa)(AA), as applicable, to the 
                        amount of the applicable highest historic 
                        payment.
                            ``(ii) Effect of meeting maximum.--For any 
                        fiscal year for which amounts in the Fund are 
                        sufficient to ensure that each State and 
                        eligible county receives from an account within 
                        the Fund for a fiscal year, as calculated under 
                        subparagraph (A)(ii)(II)(aa) or 
                        (B)(ii)(II)(aa), as applicable, distributions 
                        equal to the applicable highest historic 
                        payment, such that the distributions from the 
                        account are reduced under clause (i), the 
                        States and eligible counties shall receive, in 
                        addition to those payments from the Fund, any 
                        payments authorized for the State or eligible 
                        county under--
                                    ``(I) the sixth paragraph under the 
                                heading `forest service' in the Act of 
                                May 23, 1908 (35 Stat. 260, chapter 
                                192; 16 U.S.C. 500), and section 13 of 
                                the Act of March 1, 1911 (commonly 
                                known as the `Weeks Law') (36 Stat. 
                                963, chapter 186; 16 U.S.C. 500);
                                    ``(II) subsection (a) of title II 
                                of the Act of August 28, 1937 (50 Stat. 
                                875, chapter 876; 43 U.S.C. 2605);
                                    ``(III) the first section of the 
                                Act of May 24, 1939 (53 Stat. 753, 
                                chapter 144; 43 U.S.C. 2621); or
                                    ``(IV) section 401(c) of the Act of 
                                June 15, 1935 (commonly known as the 
                                `Refuge Revenue Sharing Act') (49 Stat. 
                                383, chapter 261; 16 U.S.C. 715s(c)).
            ``(3) Administrative expenses.--
                    ``(A) In general.--For each fiscal year, of the 
                total amounts in the Fund, there shall be made 
                available to the Corporation from the Fund for the 
                payment of administrative expenses described in 
                subparagraph (B)--
                            ``(i) if the total amounts in the Fund as 
                        of the date of the determination is not less 
                        than $100,000,000, an amount equal to not more 
                        than 0.5 percent of the total amounts in the 
                        Fund, as of that date; and
                            ``(ii) if the total amounts in the Fund as 
                        of the date of the determination is less than 
                        $100,000,000, an amount equal to not more than 
                        1.0 percent of the total amounts in the Fund, 
                        as of that date.
                    ``(B) Use.--Amounts made available for 
                administrative expenses under subparagraph (A) may be 
                used by the Corporation--
                            ``(i) to ensure that amounts in Fund are 
                        managed in a manner consistent with the asset 
                        management strategies adopted under subsection 
                        (d)(1);
                            ``(ii) to pay other administrative costs 
                        relating to the Fund, including the costs of 
                        managing the Fund, conducting audits of the 
                        Fund, and complying with reporting requirements 
                        relating to the Fund; and
                            ``(iii) to reimburse members of the Board 
                        for actual and necessary traveling and 
                        subsistence expenses, in accordance with 
                        section 300204(h).
            ``(4) Elections to opt out and opt in.--
                    ``(A) Opting out.--
                            ``(i) In general.--Not later than 3 years 
                        after the date of enactment of this chapter, a 
                        county described in clause (i) or (ii) of 
                        section 300201(6)(A) may make a 1-time election 
                        to opt out of distributions from the Fund under 
                        this chapter by submitting to the Secretary 
                        concerned a written notice of the election.
                            ``(ii) Effect.--Subject to subparagraph 
                        (B), an election under clause (i) to opt out of 
                        distributions from the Fund shall be applicable 
                        for--
                                    ``(I) the fiscal year during which 
                                the notice under that clause is 
                                submitted; and
                                    ``(II) each subsequent fiscal year.
                            ``(iii) No effect on other payments.--An 
                        election by a county to opt out of 
                        distributions from the Fund under clause (i) 
                        shall not affect the eligibility of the county 
                        to receive any payment authorized for the 
                        county under--
                                    ``(I) the sixth paragraph under the 
                                heading `forest service' in the Act of 
                                May 23, 1908 (35 Stat. 260, chapter 
                                192; 16 U.S.C. 500), and section 13 of 
                                the Act of March 1, 1911 (commonly 
                                known as the `Weeks Law') (36 Stat. 
                                963, chapter 186; 16 U.S.C. 500);
                                    ``(II) subsection (a) of title II 
                                of the Act of August 28, 1937 (50 Stat. 
                                875, chapter 876; 43 U.S.C. 2605);
                                    ``(III) the first section of the 
                                Act of May 24, 1939 (53 Stat. 753, 
                                chapter 144; 43 U.S.C. 2621); or
                                    ``(IV) section 401(c) of the Act of 
                                June 15, 1935 (commonly known as the 
                                `Refuge Revenue Sharing Act') (49 Stat. 
                                383, chapter 261; 16 U.S.C. 715s(c)).
                            ``(iv) Treatment.--A county described in 
                        clause (i) or (ii) of section 300201(6)(A) that 
                        has not submitted to the Secretary concerned a 
                        written notice of an election to opt out of 
                        distributions from the Fund under clause (i) 
                        shall be deemed to have opted in to those 
                        distributions.
                    ``(B) Notice to opt in.--A county that has elected 
                to opt out of distributions from the Fund under 
                subparagraph (A) may opt back in to the distributions 
                for all subsequent fiscal years by submitting to the 
                Secretary concerned, by not later than the date that is 
                2 years after the date on which the county submits the 
                written notice under subparagraph (A)(i), a notice of 
                the intent of the county to opt back in.
    ``(f) Reports.--
            ``(1) Quarterly reports.--Not later than 90 days after the 
        date of enactment of this chapter and every 90 days thereafter, 
        the Corporation shall submit to the Secretary of the Treasury a 
        quarterly report that describes, with full transparency, for 
        the period covered by report--
                    ``(A) the assets of the Fund, including a 
                description of the investment policy used for the Fund; 
                and
                    ``(B) the performance of investments in the Fund.
            ``(2) Annual report.--Annually, the Corporation shall 
        submit to the Committee on Finance of the Senate and the 
        Committee on Ways and Means of the House of Representatives, 
        and make publically available in an online searchable database 
        in a machine-readable format, a report describing the 
        activities of the Corporation for the period covered by the 
        report, including, at a minimum, information relating to--
                    ``(A) the growth of the Fund; and
                    ``(B) applicable sources of revenue.
    ``(g) Annual Audits.--Not later than 1 year after the date of 
enactment of this chapter and annually thereafter, the Inspector 
General of the Department of the Treasury shall conduct an audit of the 
Fund.
    ``(h) Oversight.--The Inspector General of the Department of the 
Treasury shall conduct periodic reviews of the exercise by the 
Corporation of the fiduciary and statutory duties of the Corporation.
    ``(i) Funding.--
            ``(1) In general.--Out of any funds in the Treasury not 
        otherwise appropriated, the Secretary of the Treasury shall 
        transfer to the Fund such sums as are necessary to ensure that 
        the required minimum payment amounts under subsection 
        (e)(2)(C)(i) can be provided.
            ``(2) Allocation among accounts.--The amounts appropriated 
        to the Fund under paragraph (1) shall be allocated among the 
        Forest Service Account, the Bureau of Land Management Account, 
        and the United States Fish and Wildlife Service Account in a 
        manner that ensures that--
                    ``(A) the amount allocated to the Forest Service 
                Account is determined in accordance with the ratio 
                that--
                            ``(i) the total amount of State payments 
                        under the Secure Rural Schools and Community 
                        Self-Determination Act of 2000 (16 U.S.C. 7101 
                        et seq.) for fiscal year 2017; bears to
                            ``(ii) an amount equal to the sum of--
                                    ``(I) the full funding amount for 
                                the Secure Rural Schools and Community 
                                Self-Determination Act of 2000 (16 
                                U.S.C. 7101 et seq.) for fiscal year 
                                2017; and
                                    ``(II) the total amount of payments 
                                to counties under section 401(c) of the 
                                Act of June 15, 1935 (commonly known as 
                                the `Refuge Revenue Sharing Act') (49 
                                Stat. 383, chapter 261; 16 U.S.C. 
                                715s(c)), for fiscal year 2017;
                    ``(B) the amount allocated to the Bureau of Land 
                Management Account is determined in accordance with the 
                ratio that--
                            ``(i) the total amount of county payments 
                        under the Secure Rural Schools and Community 
                        Self-Determination Act of 2000 (16 U.S.C. 7101 
                        et seq.) for fiscal year 2017; bears to
                            ``(ii) an amount equal to the sum of--
                                    ``(I) the full funding amount for 
                                the Secure Rural Schools and Community 
                                Self-Determination Act of 2000 (16 
                                U.S.C. 7101 et seq.) for fiscal year 
                                2017; and
                                    ``(II) the total amount of payments 
                                to counties under section 401(c) of the 
                                Act of June 15, 1935 (commonly known as 
                                the `Refuge Revenue Sharing Act') (49 
                                Stat. 383, chapter 261; 16 U.S.C. 
                                715s(c)), for fiscal year 2017; and
                    ``(C) the amount allocated to the United States 
                Fish and Wildlife Service Account is determined in 
                accordance with the ratio that--
                            ``(i) the total amount of payments to 
                        counties under section 401(c) of the Act of 
                        June 15, 1935 (commonly known as the `Refuge 
                        Revenue Sharing Act') (49 Stat. 383, chapter 
                        261; 16 U.S.C. 715s(c)) for fiscal year 2017; 
                        bears to
                            ``(ii) an amount equal to the sum of--
                                    ``(I) the full funding amount for 
                                the Secure Rural Schools and Community 
                                Self-Determination Act of 2000 (16 
                                U.S.C. 7101 et seq.) for fiscal year 
                                2017; and
                                    ``(II) the total amount of payments 
                                to counties under section 401(c) of the 
                                Act of June 15, 1935 (commonly known as 
                                the `Refuge Revenue Sharing Act') (49 
                                Stat. 383, chapter 261; 16 U.S.C. 
                                715s(c)), for fiscal year 2017.
    ``(j) Agency Reporting.--
            ``(1) In general.--Not later than 1 year after the date of 
        enactment of this chapter and annually thereafter, the 
        Secretary of Agriculture and the Secretary of the Interior 
        shall submit to the Corporation information describing 
        activities on Federal land described in subparagraphs (A) and 
        (B), respectively, of section 3(7) of the Secure Rural Schools 
        and Community Self-Determination Act of 2000 (16 U.S.C. 
        7102(7)), on a county-by-county basis, for the period covered 
        by the report, including information regarding--
                    ``(A) timber sales and associated acres treated, 
                volumes sold and harvested, and revenues generated, 
                including, at a minimum--
                            ``(i) commercial treatment; and
                            ``(ii) precommercial thinning;
                    ``(B) stewardship projects, including, at a 
                minimum--
                            ``(i) commercial treatment;
                            ``(ii) prescribed fire; and
                            ``(iii) precommercial thinning;
                    ``(C) road work;
                    ``(D) reforestation and associated acres treated, 
                including, at a minimum--
                            ``(i) commercial treatment;
                            ``(ii) prescribed fire; and
                            ``(iii) precommercial thinning;
                    ``(E) habitat created;
                    ``(F) culverts replaced; and
                    ``(G) miles of stream restoration.
            ``(2) Publication.--Promptly after receipt of the 
        information under paragraph (1), the Corporation shall make the 
        information publically available in an online searchable 
        database in a machine-readable format.''.
    (b) Clerical Amendment.--The table of chapters for subtitle III of 
title 36, United States Code, is amended by inserting after the item 
relating to chapter 3001 the following:

``3002. Forest and Refuge County Foundation.................  300201''.

SEC. 3. TRANSFER OF AMOUNTS TO FUND.

    (a) Definition of Eligible Nonelecting County.--In this section, 
the term ``eligible nonelecting county'' means--
            (1) in subsections (b), (c), and (d), a county that--
                    (A) is eligible for a payment under the Secure 
                Rural Schools and Community Self-Determination Act of 
                2000 (16 U.S.C. 7101 et seq.); and
                    (B) has not elected to opt out of distributions 
                from the Natural Resources Permanent Fund under section 
                300207(e)(4)(A) of title 36, United States Code; and
            (2) in subsection (e), a county that--
                    (A) is eligible for a payment under section 401(c) 
                of the Act of June 15, 1935 (commonly known as the 
                ``Refuge Revenue Sharing Act'') (49 Stat. 383, chapter 
                261; 16 U.S.C. 715s(c)); and
                    (B) has not elected to opt out of distributions 
                from the Natural Resources Permanent Fund under section 
                300207(e)(4)(A) of title 36, United States Code.
    (b) Suspension of Payments Under Act of May 23, 1908, and Act of 
March 1, 1911.--Except as provided in section 300207(e)(2)(D)(ii) of 
title 36, United States Code, for fiscal year 2019 and each fiscal year 
thereafter--
            (1) all payments authorized for eligible nonelecting 
        counties under the sixth paragraph under the heading ``forest 
        service'' in the Act of May 23, 1908 (35 Stat. 260, chapter 
        192; 16 U.S.C. 500), and section 13 of the Act of March 1, 1911 
        (commonly known as the ``Weeks Law'') (36 Stat. 963, chapter 
        186; 16 U.S.C. 500), shall be suspended; and
            (2) the Secretary of the Treasury shall transfer to the 
        Forest Service Account within the Natural Resources Permanent 
        Fund established by section 300207(b)(1) of title 36, United 
        States Code, amounts equal to the amounts that would have 
        otherwise been distributed as payments to eligible nonelecting 
        counties under the sixth paragraph under the heading ``forest 
        service'' in the Act of May 23, 1908 (35 Stat. 260, chapter 
        192; 16 U.S.C. 500), and section 13 of the Act of March 1, 1911 
        (commonly known as the ``Weeks Law'') (36 Stat. 963, chapter 
        186; 16 U.S.C. 500).
    (c) Suspension of Payments Under Act of August 28, 1937.--Except as 
provided in section 300207(e)(2)(D)(ii) of title 36, United States 
Code, for fiscal year 2019 and each fiscal year thereafter--
            (1) all payments authorized for eligible nonelecting 
        counties under subsection (a) of title II of the Act of August 
        28, 1937 (50 Stat. 875, chapter 876; 43 U.S.C. 2605), shall be 
        suspended; and
            (2) the Secretary of the Treasury shall transfer to the 
        Bureau of Land Management Account within the Natural Resources 
        Permanent Fund established by section 300207(b)(2) of title 36, 
        United States Code, amounts equal to the amounts that would 
        have otherwise been distributed as payments to eligible 
        nonelecting counties under subsection (a) of title II of the 
        Act of August 28, 1937 (50 Stat. 875, chapter 876; 43 U.S.C. 
        2605).
    (d) Suspension of Payments Under Act of May 24, 1939.--Except as 
provided in section 300207(e)(2)(D)(ii) of title 36, United States 
Code, for fiscal year 2019 and each fiscal year thereafter--
            (1) all payments authorized for eligible nonelecting 
        counties under the first section of the Act of May 24, 1939 (53 
        Stat. 753, chapter 144; 43 U.S.C. 2621), shall be suspended; 
        and
            (2) the Secretary of the Treasury shall transfer to the 
        Bureau of Land Management Account within the Natural Resources 
        Permanent Fund established by section 300207(b)(2) of title 36, 
        United States Code, amounts equal to the amounts that would 
        have otherwise been distributed as payments to eligible 
        nonelecting counties under the first section of the Act of May 
        24, 1939 (53 Stat. 753, chapter 144; 43 U.S.C. 2621).
    (e) Suspension of Payments Under Refuge Revenue Sharing Act.--
Except as provided in section 300207(e)(2)(D)(ii) of title 36, United 
States Code, for fiscal year 2019 and each fiscal year thereafter--
            (1) all payments authorized for eligible nonelecting 
        counties under section 401(c) of the Act of June 15, 1935 
        (commonly known as the ``Refuge Revenue Sharing Act'') (49 
        Stat. 383, chapter 261; 16 U.S.C. 715s(c)), shall be suspended; 
        and
            (2) the Secretary of the Treasury shall transfer to the 
        United States Fish and Wildlife Service Account within the 
        Natural Resources Permanent Fund established by section 
        300207(b)(3) of title 36, United States Code, amounts equal to 
        the amounts that would have otherwise been distributed as 
        payments to eligible nonelecting counties under section 401(c) 
        of the Act of June 15, 1935 (commonly known as the ``Refuge 
        Revenue Sharing Act'') (49 Stat. 383, chapter 261; 16 U.S.C. 
        715s(c)).

SEC. 4. AMENDMENTS TO SECURE RURAL SCHOOLS AND COMMUNITY SELF-
              DETERMINATION ACT OF 2000.

    (a) Definitions.--Section 3 of the Secure Rural Schools and 
Community Self-Determination Act of 2000 (16 U.S.C. 7102) is amended--
            (1) in paragraph (1)(B), by striking ``and paragraph 
        (8)(A)'';
            (2) in paragraph (2)--
                    (A) in subparagraph (A)(ii), by inserting 
                ``described in paragraph (7)(A)'' after ``Federal 
                land''; and
                    (B) in subparagraph (B)(ii), by striking ``and 
                paragraph (9)(B)(i)'';
            (3) in paragraph (4)--
                    (A) in subparagraph (A), by striking ``and'' at the 
                end;
                    (B) in subparagraph (B), by striking the period at 
                the end and inserting ``; and''; and
                    (C) by adding at the end the following:
                    ``(C) has not elected to opt out of distributions 
                from the Natural Resources Permanent Fund under section 
                300207(e)(4)(A) of title 36, United States Code.'';
            (4) by striking paragraphs (8) and (9) and inserting the 
        following:
            ``(8) 50-percent adjusted share.--The term `50-percent 
        adjusted share' means the quotient obtained by dividing--
                    ``(A) the number equal to the total of all 50-
                percent payments received by an eligible county during 
                the eligibility period; by
                    ``(B) the number equal to the sum of all 50-percent 
                payments received by all eligible counties during the 
                eligibility period.'';
            (5) by redesignating paragraph (10) as paragraph (9);
            (6) by striking paragraph (11) and inserting the following:
            ``(10) Full funding amount.--The term `full funding amount' 
        means--
                    ``(A) for fiscal year 2008, $500,000,000;
                    ``(B) for each of fiscal years 2009 through 2011, 
                an amount equal to 90 percent of the full funding 
                amount for the preceding fiscal year;
                    ``(C) for each of fiscal years 2012 through 2015, 
                an amount equal to 95 percent of the full funding 
                amount for the preceding fiscal year;
                    ``(D) for fiscal year 2017, an amount equal to 95 
                percent of the full funding amount for fiscal year 
                2015;
                    ``(E) for fiscal year 2018, an amount equal to 95 
                percent of the full funding amount for fiscal year 
                2017; and
                    ``(F) for fiscal year 2019 and each fiscal year 
                thereafter--
                            ``(i) for purposes of the calculations 
                        under section 101(a), an amount equal to the 
                        greater of--
                                    ``(I) the amount distributed from 
                                the Forest Service Account within the 
                                Natural Resources Permanent Fund under 
                                section 300207(e)(2)(A) of title 36, 
                                United States Code; and
                                    ``(II) the total amount of all 
                                State payments for fiscal year 2017 (as 
                                adjusted to reflect changes during the 
                                period beginning on October 1, 2017, in 
                                the Consumer Price Index for All Urban 
                                Consumers published by the Bureau of 
                                Labor Statistics of the Department of 
                                Labor); and
                            ``(ii) for purposes of the calculations 
                        under section 101(b), an amount equal to the 
                        greater of--
                                    ``(I) the amount distributed from 
                                the Bureau of Land Management Account 
                                within the Natural Resources Permanent 
                                Fund under section 300207(e)(2)(A) of 
                                title 36, United States Code; and
                                    ``(II) the total amount of all 
                                county payments for fiscal year 2017 
                                (as adjusted to reflect changes during 
                                the period beginning on October 1, 
                                2017, in the Consumer Price Index for 
                                All Urban Consumers published by the 
                                Bureau of Labor Statistics of the 
                                Department of Labor).'';
            (7) by redesignating paragraphs (12) through (17) as 
        paragraphs (11) through (16), respectively; and
            (8) in paragraph (11) (as so redesignated)--
                    (A) in subparagraph (A), by inserting ``containing 
                Federal land described in paragraph (7)(A)'' after 
                ``eligible county''; and
                    (B) in subparagraph (B), by inserting ``containing 
                Federal land described in paragraph (7)(A)'' after 
                ``eligible counties''.
    (b) Permanent Authorization; Source of Payment Amounts.--
            (1) Calculation of payments.--Section 101 of the Secure 
        Rural Schools and Community Self-Determination Act of 2000 (16 
        U.S.C. 7111) is amended by striking ``of fiscal years 2008 
        through 2015, 2017, and 2018'' each place it appears and 
        inserting ``fiscal year''.
            (2) Elections.--Section 102(b) of the Secure Rural Schools 
        and Community Self-Determination Act of 2000 (16 U.S.C. 
        7112(b)) is amended--
                    (A) in paragraph (1)--
                            (i) in subparagraph (A), by inserting 
                        ``through fiscal year 2018'' after ``second 
                        fiscal year thereafter''; and
                            (ii) by adding at the end the following:
                    ``(E) Fiscal year 2019 and thereafter.--For fiscal 
                year 2019 and each fiscal year thereafter--
                            ``(i) the election otherwise required by 
                        subparagraph (A) shall not apply; and
                            ``(ii) each affected county shall receive 
                        payments in accordance with chapter 3002 of 
                        title 36, United States Code, unless the 
                        affected county elects to opt out of 
                        distributions under section 300207(e)(4)(A) of 
                        that title.'';
                    (B) in paragraph (2)(B), by striking ``through 
                fiscal year 2015 and for fiscal years 2017 and 2018''; 
                and
                    (C) by striking paragraph (3) and inserting the 
                following:
            ``(3) Source of payment amounts.--
                    ``(A) In general.--With respect to an eligible 
                State or eligible county that has not elected to opt 
                out of distributions under section 300207(e)(4)(A) of 
                title 36, United States Code, the payment under this 
                section for a fiscal year shall be derived from--
                            ``(i) distributions to be paid under 
                        section 300207(e)(2)(A)(ii)(III)(aa) of title 
                        36, United States Code; and
                            ``(ii) to the extent that amounts made 
                        available under clause (i) are insufficient, 
                        any amounts that are appropriated to carry out 
                        this Act, to be distributed in accordance with 
                        section 300207(e)(2)(A)(ii)(III)(bb) of title 
                        36, United States Code.
                    ``(B) Exception.--An eligible State or eligible 
                county that has elected to opt out of distributions 
                under section 300207(e)(4)(A) of title 36, United 
                States Code--
                            ``(i) shall not receive any payment under 
                        this section; and
                            ``(ii) may receive payments only under, as 
                        applicable--
                                    ``(I) the sixth paragraph under the 
                                heading `forest service' in the Act of 
                                May 23, 1908 (35 Stat. 260, chapter 
                                192; 16 U.S.C. 500), and section 13 of 
                                the Act of March 1, 1911 (commonly 
                                known as the `Weeks Law') (36 Stat. 
                                963, chapter 186; 16 U.S.C. 500);
                                    ``(II) subsection (a) of title II 
                                of the Act of August 28, 1937 (50 Stat. 
                                875, chapter 876; 43 U.S.C. 2605); and
                                    ``(III) the first section of the 
                                Act of May 24, 1939 (53 Stat. 753, 
                                chapter 144; 43 U.S.C. 2621).''.
            (3) Notification of election.--Section 102(d)(1) of the 
        Secure Rural Schools and Community Self-Determination Act of 
        2000 (16 U.S.C. 7112(d)(1)) is amended--
                    (A) in subparagraph (A), by striking ``subparagraph 
                (D)'' and inserting ``subparagraphs (D) and (G)''; and
                    (B) by adding at the end the following:
                    ``(G) Fiscal year 2019 and thereafter.--For fiscal 
                year 2019 and each fiscal year thereafter--
                            ``(i) the allocation of funds required 
                        under subparagraph (A) shall not be required;
                            ``(ii) of the amounts received for the 
                        fiscal year--
                                    ``(I) 85 percent shall be expended 
                                in the same manner in which the 25-
                                percent payments or 50-percent 
                                payments, as applicable, are required 
                                to be expended; and
                                    ``(II) 15 percent shall be expended 
                                on county projects in accordance with 
                                title III; and
                            ``(iii) the elections otherwise required by 
                        subparagraphs (B), (C), and (D), or considered 
                        to be made under paragraph (3)(B), as 
                        applicable, shall not apply or be required for 
                        payments made for the fiscal year.''.
            (4) Distribution of payments to eligible counties.--Section 
        103(d)(2) of the Secure Rural Schools and Community Self-
        Determination Act of 2000 (16 U.S.C. 7113(d)(2)) is amended by 
        striking ``each of fiscal years 2011 through and for fiscal 
        years 2017 and 2018'' and inserting ``fiscal year 2011 and each 
        fiscal year thereafter''.
            (5) Termination of authority.--The Secure Rural Schools and 
        Community Self-Determination Act of 2000 is amended by striking 
        section 304 (16 U.S.C. 7144).
    (c) Repeal of Authority To Conduct Special Projects on Federal 
Land.--
            (1) In general.--Title II of the Secure Rural Schools and 
        Community Self-Determination Act of 2000 (16 U.S.C. 7121 et 
        seq.) is repealed.
            (2) Conforming amendments.--
                    (A) Section 102(d) of the Secure Rural Schools and 
                Community Self-Determination Act of 2000 (16 U.S.C. 
                7112(d)) is amended--
                            (i) in paragraph (1)--
                                    (I) in subparagraph (B)--
                                            (aa) by striking clause 
                                        (i);
                                            (bb) by redesignating 
                                        clauses (ii) and (iii) as 
                                        clauses (i) and (ii), 
                                        respectively; and
                                            (cc) in clause (ii) (as so 
                                        redesignated), by striking 
                                        ``clauses (i) and (ii)'' and 
                                        inserting ``clause (i)'';
                                    (II) in subparagraph (C)--
                                            (aa) by striking clause 
                                        (i);
                                            (bb) by redesignating 
                                        clauses (ii) and (iii) as 
                                        clauses (i) and (ii), 
                                        respectively; and
                                            (cc) in clause (ii) (as so 
                                        redesignated), by striking 
                                        ``clauses (i) and (ii)'' and 
                                        inserting ``clause (i)''; and
                                    (III) in subparagraphs (E) and (F), 
                                by striking ``paragraph (3)(B)'' each 
                                place it appears and inserting 
                                ``paragraph (2)(B)'';
                            (ii) by striking paragraph (2);
                            (iii) by redesignating paragraph (3) as 
                        paragraph (2); and
                            (iv) in subparagraph (B)(ii) of paragraph 
                        (2) (as so redesignated), by inserting ``(as in 
                        effect on the day before the date of enactment 
                        of the Forest Management for Rural Stability 
                        Act)'' after ``204(a)(5)''.
                    (B) Section 302(b) of the Secure Rural Schools and 
                Community Self-Determination Act of 2000 (16 U.S.C. 
                7142(b)) is amended
                            (i) in paragraph (1), by striking ``; and'' 
                        at the end and inserting a period;
                            (ii) in the matter preceding paragraph (1), 
                        by striking ``shall--'' and all that follows 
                        through ``publish'' in paragraph (1) and 
                        inserting ``shall publish''; and
                            (iii) by striking paragraph (2).
                    (C) The Secure Rural Schools and Community Self-
                Determination Act of 2000 is amended by striking 
                section 403 (16 U.S.C. 7153) and inserting the 
                following:

``SEC. 403. TREATMENT OF FUNDS.

    ``Funds made available under section 402 shall be in addition to 
any other annual appropriations for the Forest Service and the Bureau 
of Land Management.''.
                    (D) Section 603(b)(1)(C)(ii)(II) of the Healthy 
                Forests Restoration Act of 2003 (16 U.S.C. 
                6591b(b)(1)(C)(ii)(II)) is amended by inserting ``(as 
                in effect on the day before the date of enactment of 
                the Forest Management for Rural Stability Act'') before 
                the period at the end.
                    (E) Section 4003(b)(2)(B)(ii) of the Omnibus Public 
                Land Management Act of 2009 (16 U.S.C. 
                7303(b)(2)(B)(ii)) is amended by striking ``500 note)'' 
                and inserting ``7125) (as in effect on the day before 
                the date of enactment of the Forest Management for 
                Rural Stability Act)''.
    (d) Use of Funds.--Section 302(a) of the Secure Rural Schools and 
Community Self-Determination Act of 2000 (16 U.S.C. 7142(a)) is 
amended--
            (1) in paragraph (1), by striking ``to carry out activities 
        under the Firewise Communities program'';
            (2) in paragraph (2)(A), by striking ``on Federal land'';
            (3) in paragraph (3), by striking ``and'' at the end;
            (4) in paragraph (4), by striking the period at the end and 
        inserting a semicolon; and
            (5) by adding at the end the following:
            ``(5) for job training or job creation activities;
            ``(6) for projects approved by--
                    ``(A) a resource advisory committee; or
                    ``(B) a forest collaborative;
            ``(7) for natural resource conservation projects;
            ``(8) for forest health treatments;
            ``(9) for economic development activities;
            ``(10) for transportation infrastructure projects on county 
        road systems that serve Federal land; or
            ``(11) to plan, develop, or carry out projects on Federal 
        land that--
                    ``(A) are consistent with applicable Federal laws 
                (including regulations) and forest plans;
                    ``(B) create private sector jobs, generate county 
                revenue, or provide merchantable forest products; and
                    ``(C) may include--
                            ``(i) forest health treatments;
                            ``(ii) implementation of work under a 
                        Master Stewardship Agreement;
                            ``(iii) implementation of work under a good 
                        neighbor agreement (as defined in section 
                        8206(a) of the Agricultural Act of 2014 (16 
                        U.S.C. 2113a(a))); or
                            ``(iv) forest road replacement, 
                        rehabilitation, or reconstruction.''.
    (e) Certification.--Section 303 of the Secure Rural Schools and 
Community Self-Determination Act of 2000 (16 U.S.C. 7143) is amended--
            (1) in subsection (a), by striking ``February 1'' and all 
        that follows through ``Secretary concerned'' and inserting 
        ``February 1 of each calendar year beginning after a calendar 
        year during which not less than $35,000 of county funds were 
        expended by a participating county, the appropriate official of 
        the participating county shall submit to the Forest and Refuge 
        County Foundation established by section 300202 of title 36, 
        United States Code,''; and
            (2) in subsection (b)--
                    (A) by striking ``Secretary concerned shall'' and 
                inserting ``Forest and Refuge County Foundation 
                shall''; and
                    (B) by striking ``Secretary concerned determines'' 
                and inserting ``Foundation determines''.
    (f) Funding.--The Secure Rural Schools and Community Self-
Determination Act of 2000 is amended by striking section 402 (16 U.S.C. 
7152) and inserting the following:

``SEC. 402. FUNDING.

    ``(a) In General.--On October 1 of each fiscal year, out of any 
funds in the Treasury not otherwise appropriated, the Secretary of the 
Treasury shall transfer to the Secretary concerned such sums as are 
necessary to carry out this Act, to remain available until expended.
    ``(b) Receipt and Acceptance.--The Secretary concerned shall be 
entitled to receive, shall accept, and shall use to carry out this 
section the funds transferred under subsection (a), without further 
appropriation.''.

SEC. 5. FUNDING FOR REFUGE REVENUE SHARING ACT.

    (a) Source of Payments to Counties.--Section 401(c) of the Act of 
June 15, 1935 (commonly known as the ``Refuge Revenue Sharing Act'') 
(49 Stat. 383, chapter 261; 16 U.S.C. 715s(c)), is amended adding at 
the end the following:
            ``(6) Source of payments to counties.--Notwithstanding any 
        other provision of this section, for fiscal year 2019 and each 
        fiscal year thereafter, with respect to counties that have not 
        elected to opt out of distributions under section 
        300207(e)(4)(A) of title 36, United States Code, instead of 
        making the payments to the applicable counties required under 
        paragraphs (1) and (2) from the fund, the payments shall be 
        derived from--
                    ``(A) distributions to be paid under section 
                300207(e)(2)(B)(ii)(III)(aa)(AA) of title 36, United 
                States Code; and
                    ``(B) to the extent that amounts made available 
                under subparagraph (A) are insufficient, any amounts 
                that are appropriated under subsection (d), to be 
                distributed in accordance with section 
                300207(e)(2)(B)(ii)(III)(bb) of title 36, United States 
                Code.''.
    (b) Funding.--Section 401 of the Act of June 15, 1935 (commonly 
known as the ``Refuge Revenue Sharing Act'') (49 Stat. 383, chapter 
261; 16 U.S.C. 715s), is amended by striking subsection (d) and 
inserting the following:
    ``(d) Funding for Payments.--
            ``(1) In general.--On October 1 of each fiscal year, out of 
        any funds in the Treasury not otherwise appropriated, the 
        Secretary of the Treasury shall transfer to the Secretary such 
        sums as are necessary to make payments under paragraphs (1) and 
        (2) of subsection (c) to counties, after taking into account--
                    ``(A) amounts in the fund available for the 
                payments for the fiscal year; and
                    ``(B) amounts made available for payments from the 
                National Resources Permanent Fund established by 
                section 300207(a) of title 36, United States Code, for 
                the fiscal year.
            ``(2) Receipt and acceptance.--The Secretary shall be 
        entitled to receive, shall accept, and shall use to carry out 
        this section the funds transferred under paragraph (1), without 
        further appropriation.''.

SEC. 6. EXEMPTION OF CERTAIN PAYMENTS FROM SEQUESTRATION.

    (a) In General.--Section 255(g)(1)(A) of the Balanced Budget and 
Emergency Deficit Control Act of 1985 (2 U.S.C. 905(g)(1)(A)) is 
amended by inserting after ``Payments to Social Security Trust Funds 
(28-0404-0-1-651).'' the following:
                    ``Payments to States and eligible counties from the 
                National Resources Permanent Fund established by 
                section 300207(a) of title 36, United States Code.''.
    (b) Applicability.--The amendment made by this section shall apply 
to any sequestration order issued under the Balanced Budget and 
Emergency Deficit Control Act of 1985 (2 U.S.C. 900 et seq.) on or 
after the date of enactment of this Act.
                                 <all>