Rights and obligations of the Foundation— Section 4 of the National Fish and Wildlife Foundation Establishment Act (
16 U.S.C. 3703) is
amended—
(1)
in subsection (c)—
(A)
by striking “(c) Powers.—To carry out its purposes under” and inserting the following:
“(c) Powers
“(1) In general—To carry out the purposes described in”
(B)
by redesignating paragraphs (1) through (11) as subparagraphs (A) through (K), respectively, and indenting appropriately;
(C)
in subparagraph (D) (as redesignated by subparagraph (B)), by striking “that are insured by an agency or instrumentality of the United States” and inserting “at 1 or more financial institutions that are members of the Federal Deposit Insurance Corporation or the Securities Investment Protection Corporation”;
(D)
in subparagraph (E) (as redesignated by subparagraph (B)), by striking “paragraph (3) or (4)” and inserting “subparagraph (C) or (D)”;
(E)
in subparagraph (J) (as redesignated by subparagraph (B)), by striking “; and” and inserting a semicolon;
(F)
by striking subparagraph (K) (as redesignated by subparagraph (B)) and inserting the following:
“(K) to receive and administer restitution and community service payments, amounts for mitigation of impacts to natural resources, and other amounts arising from legal, regulatory, or administrative proceedings, subject to the condition that the amounts are received or administered for purposes that further the conservation and management of fish, wildlife, plants, and other natural resources; and
“(L) to do acts necessary to carry out the purposes of the Foundation.”
(G)
by striking the undesignated matter at the end and inserting the following:
“(2) Treatment of real property
“(A) In general—For purposes of this Act, an interest in real property shall be treated as including easements or other rights for preservation, conservation, protection, or enhancement by and for the public of natural, scenic, historic, scientific, educational, inspirational, or recreational resources.
“(B) Encumbered real property—A gift, devise, or bequest may be accepted by the Foundation even though the gift, devise, or bequest is encumbered, restricted, or subject to beneficial interests of private persons if any current or future interest in the gift, devise, or bequest is for the benefit of the Foundation.
“(3) Savings clause—The acceptance and administration of amounts by the Foundation under paragraph (1)(K) does not alter, supersede, or limit any regulatory or statutory requirement associated with those amounts.”