This measure changes how the Historic Preservation Fund is funded and spent. It raises the annual amount to be deposited in the Fund to $300,000,000. If the usual revenues are not enough, the difference may be taken from the general fund of the Treasury. Money deposited for fiscal year 2026 and later will be available for spending starting in fiscal year 2027 and thereafter without another appropriation or yearly limit. The bill sets minimum allocation rules: at least 40% of Fund amounts must go to State Historic Preservation Offices and at least 20% must go to Tribal Historic Preservation Offices (with the tribal share increased if the number of tribal offices grows). The President must submit proposed allocations for fiscal year 2027 within 90 days after enactment and include allocations in the annual budget each year after. Appropriations acts may set alternate allocations, but if Congress does not do so the President will allocate the funds. The bill also allows the President to distribute funds to state and tribal offices during a continuing resolution at prior-year rates. The President must send an annual report to Congress describing the final allocation by program. The bill lists programs that may receive Fund money, including African American Civil Rights Movement Initiative & Grants, History of Equal Rights Grants, Survey Grants for Underrepresented Communities, and Paul Bruhn Historic Revitalization Grants.
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