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![handle is hein.congrecreports/crptxafys0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION
GP
118TH CONGRESS [REPT. 118-364
2d Session HOUSE OF REPRESENTATIVES Part 1
UDALL FOUNDATION REAUTHORIZATION ACT OF 2023
JANUARY 30, 2024.-Ordered to be printed
Mr. WESTERMAN, from the Committee on Natural Resources,
submitted the following
R E P O R T
[To accompany H.R. 2882]
[Including cost estimate of the Congressional Budget Office]
The Committee on Natural Resources, to whom was referred the
bill (H.R. 2882) to reauthorize the Morris K. Udall and Stewart L.
Udall Trust Fund, and for other purposes, having considered the
same, reports favorably thereon with an amendment and rec-
ommends that the bill as amended do pass.
The amendment is as follows:
Strike all after the enacting clause and insert the following new
text:
SEC. 1. SHORT TITLE.
This Act may be cited as the Udall Foundation Reauthorization Act of 2023.
SEC. 2. INVESTMENT EARNINGS.
Section 8(b)(1) of the Morris K. Udall and Stewart L. Udall Foundation Act (20
U.S.C. 5606(b)(1)) is amended by adding at the end the following: Beginning on Oc-
tober 1, 2023, and thereafter, interest earned from investments made with any new
appropriations to the Trust Fund shall only be available subject to appropriations
and is authorized to be appropriated to carry out the provisions of this Act..
SEC. 3. REAUTHORIZATION OF THE UDALL FOUNDATION TRUST FUND.
Section 13 of the Morris K. Udall and Stewart L. Udall Foundation Act (20 U.S.C.
5609) is amended-
(1) in subsection (a), by striking 2023 and inserting 2028;
(2) in subsection (b), in the matter preceding paragraph (1), by striking 2023
and inserting 2028; and
(3) in subsection (c), by striking 5-fiscal year period and all that follows
through the period at the end and inserting 5-fiscal year period beginning with
fiscal year 2024..
SEC. 4. AUDIT OF THE FOUNDATION.
Not later than 4 years after the date of enactment of this section, the Inspector
General of the Department of the Interior shall complete an audit of the Morris K.
Udall and Stewart L. Udall Foundation.
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