Investment of unexpended amounts
The Secretary of the Treasury shall invest in interest-bearing obligations of the United States such portion of the fund as is not, in his judgment, required for meeting a current year’s withdrawals. For purposes of such investment, the Secretary of the Treasury may—
(A) acquire obligations at the issue price and purchase outstanding obligations at the market price; and
(B) sell obligations held in the fund at the market price.
The interest on obligations held in the fund—
(A) shall be credited to the fund;
(B) constitute the sums available for allocation by the Secretary under section 4407 of this title; and
(C) shall become available for apportionment under this chapter at the beginning of fiscal year 2026.
Wildlife Conservation and Restoration Account
(1) Amounts transferred to the Wildlife Conservation and Restoration Account shall supplement, but not replace, existing funds available to the States from the sport fish restoration account and wildlife restoration account and shall be used for the development, revision, and implementation of wildlife conservation and restoration programs and should be used to address the unmet needs for a diverse array of wildlife and associated habitats, including species that are not hunted or fished, for wildlife conservation, wildlife conservation education, and wildlife-associated recreation projects. Such funds may be used for new programs and projects as well as to enhance existing programs and projects.
(2) Funds may be used by a State or an Indian tribe for the planning and implementation of its wildlife conservation and restoration program and wildlife conservation strategy, as provided in sections 669c(d) and (e) of this title, including wildlife conservation, wildlife conservation education, and wildlife-associated recreation projects. Such funds may be used for new programs and projects as well as to enhance existing programs and projects.
(3) Priority for funding from the Wildlife Conservation and Restoration Account shall be for those species with the greatest conservation need as defined by the State wildlife conservation and restoration program.
Obligation of amounts in State
Notwithstanding subsections (a) and (b) of this section, with respect to amounts transferred to the Wildlife Conservation and Restoration Account, so much of such amounts apportioned to any State for any fiscal year as remains unexpended at the close thereof shall remain available for obligation in that State until the close of the second succeeding fiscal year.
(Sept. 2, 1937, ch. 899, § 3, 50 Stat. 917; 1939 Reorg. Plan No. II, § 4(f), eff. July 1, 1939, 4 F.R. 2731, 53 Stat. 1433; Pub. L. 91–503, title I, § 101, Oct. 23, 1970, 84 Stat. 1097; Pub. L. 92–558, title I, § 101(a), Oct. 25, 1972, 86 Stat. 1172; Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095; Pub. L. 101–233, § 7(a)(1), Dec. 13, 1989, 103 Stat. 1974; Pub. L. 106–553, § 1(a)(2) [title IX, § 902(d)], Dec. 21, 2000, 114 Stat. 2762, 2762A–120; Pub. L. 109–75, § 1, Sept. 29, 2005, 119 Stat. 2034; Pub. L. 114–113, div. G, title I, § 120, Dec. 18, 2015, 129 Stat. 2552.)