(a) Authorization of Appropriations.—
(1) In general.—There are authorized to be appropriated to the Library of Congress amounts necessary to carry out this chapter, not to exceed—
(A) $530,000 for each of the fiscal years 2005 through 2009;
(B) $750,000 for each of the fiscal years 2010 through 2011; and
(C) $1,000,000 for each of the fiscal years 2012 through 2026.
(2) Matching.—The amounts authorized to be appropriated under this subsection are to be made available to the corporation to match any private contributions (whether in currency, services, or property) made to the corporation by private persons and State and local governments.
Terms Used In 36 USC 151711
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: means a State, the District of Columbia, the Commonwealth of Puerto Rico, or any other territory or possession of the United States. See 1 USC 7
(b) Limitation Related to Administrative Expenses.—Amounts authorized under this section may not be used by the corporation for management and general or fundraising expenses as reported to the Internal Revenue Service as part of an annual information return required under the Internal Revenue Code of 1986.
