(a)
Commemorative work authorized— The Foundation may establish a commemorative work on eligible Federal land to commemorate the sacrifices made by journalists working as guardians of democracy and for a free and independent press.
(b)
Compliance with standards for commemorative works— Chapter 89 of title 40, United States Code, and other applicable Federal laws (including regulations) shall apply to the establishment of the commemorative work authorized under subsection (a).
(c)
Prohibition on use of federal funds— The Foundation may not use Federal funds to establish the commemorative work authorized under subsection (a).
(d)
Deposit of excess funds—
(1)
On establishment of commemorative work— If, on payment of all expenses for the establishment of the commemorative work authorized under subsection (a) (including the maintenance and preservation amounts required by section 8906(b)(1) of title 40, United States Code), there remains a balance of funds received for the establishment of the commemorative work, the Foundation shall transmit the amount of the balance to the account provided for in section 8906(b)(3) of that title.
(2)
On expiration of authority to establish commemorative work— If, on expiration under section 8903(e) of title 40, United States Code, of the authority for the commemorative work authorized under subsection (a), there remains a balance of funds received for the establishment of the commemorative work, the Foundation shall transmit the amount of the balance to a separate account with the National Park Foundation for memorials, to be available to the Secretary of the Interior or Administrator of General Services, as appropriate, following the process provided in section 8906(b)(4) of that title for accounts established under section 8906(b)(3) of that title.