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U.S. Code, Title 16, Conservation
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 698v–8. Termination of the Trust
(a) In general
The Valles Caldera Trust shall terminate at the end of the twentieth full fiscal year following acquisition of the Baca ranch under section 698v–2(a) of this title.
(b) Recommendations
(1) Board
(A) If after the fourteenth full fiscal years 1 from the date of acquisition of the Baca ranch under section 698v–2(a) of this title, the Board believes the Trust has met the goals and objectives of the comprehensive management program under section 698v–6(d) of this title, but has not become financially self-sustaining, the Board may submit to the Committees of Congress, a recommendation for authorization of appropriations beyond that provided under sections 698v to 698v–10 of this title.
1 So in original. Probably should be "year".
(B) During the eighteenth full fiscal year from the date of acquisition of the Baca ranch under section 698v–2(a) of this title, the Board shall submit to the Secretary its recommendation that the Trust be either extended or terminated including the reasons for such recommendation.
(2) Secretary
Within 120 days after receipt of the recommendation of the Board under paragraph (1)(B), the Secretary shall submit to the Committees of Congress the Board’s recommendation on extension or termination along with the recommendation of the Secretary with respect to the same and stating the reasons for such recommendation.
(c) Effect of termination
In the event of termination of the Trust, the Secretary shall assume all management and administrative functions over the Preserve, and it shall thereafter be managed as a part of the Santa Fe National Forest, subject to all laws applicable to the National Forest System.
(d) Assets
In the event of termination of the Trust, all assets of the Trust shall be used to satisfy any outstanding liabilities, and any funds remaining shall be transferred to the Secretary for use, without further appropriation, for the management of the Preserve.
(e) Valles Caldera Fund
In the event of termination, the Secretary shall assume the powers of the Trust over funds under section 698v–4(h) of this title, and the Valles Caldera Fund shall not terminate. Any balances remaining in the fund shall be available to the Secretary, without further appropriation, for any purpose consistent with the purposes of sections 698v to 698v–10 of this title.
(Pub. L. 106–248, title I, § 110, July 25, 2000, 114 Stat. 611.)
Section Referred to in Other Sections
This section is referred to in sections 698v, 698v–1, 698v–3, 698v–4, 698v–6, 698v–7, 698v–9, 698v–10 of this title.
Contents:
Chicago:
"U.S. Congress, Office of the Law Revision Counsel", "§ 698v– 8. Termination of the Trust," U.S. Code, Title 16, Conservation in U.S. Code, Title 16, Conservation (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed July 9, 2025, http://www.originalsources.com/Document.aspx?DocID=HCZPI14V22YMY6Z.
MLA:
"U.S. Congress, Office of the Law Revision Counsel". "§ 698v– 8. Termination of the Trust." U.S. Code, Title 16, Conservation, in U.S. Code, Title 16, Conservation, Washington, D.C., Government Printing Office, 2002, Original Sources. 9 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=HCZPI14V22YMY6Z.
Harvard:
"U.S. Congress, Office of the Law Revision Counsel", '§ 698v– 8. Termination of the Trust' in U.S. Code, Title 16, Conservation. cited in 2002, U.S. Code, Title 16, Conservation, Government Printing Office, Washington, D.C.. Original Sources, retrieved 9 July 2025, from http://www.originalsources.com/Document.aspx?DocID=HCZPI14V22YMY6Z.
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