A bill authorizing the Secretary of the Interior to issue certain obligations and to utilize the revenues therefrom to acquire additional wetlands.

Summary

Authorizes the Secretary of the Interior to issue obligations in order to acquire waterfowl nesting and breeding grounds (wetlands and pothole areas). Authorizes the Secretary of the Treasury to purchase any such obligations. States that all obligations issued by the Secretary of the Interior shall be lawful investments, and shall be deemed to be exempt securities. Directs the Secretary of the Interior and the Secretary of the Treasury to determine the amount of revenues anticipated to be received from the sale of Federal migratory bird hunting stamps, and to determine whether such revenues will be sufficient, together with other revenues in the migratory bird conservation fund, to pay the principal of and interest on any obligations issued under this Act and the premium, if any, upon redemption. Authorizes necessary appropriations to carry out the provisions of this Act.

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1 official file

• Introduced in House

  summary · EN · 24 January 1979

  Open at official source

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