(a) Annual report
The President of the Institute shall submit an annual report to the Congress and to the Board concerning the status of the Institute during the 12 calendar months preceding the date of the report. Such report shall include, among other matters, a detailed statement of all private and public funds, gifts, and other items of a monetary value received by the Institute during such 12-month period and the disposition thereof as well as any recommendations for improving the Institute.
(b) Budget proposal
(1) After September 30, 1988 and for each fiscal year thereafter, the Board shall submit a budget proposal to the Congress.
(2) A budget proposal under this subsection shall be submitted not later than April 1 of each calendar year and shall propose a budget for the Institute for the 2 fiscal years succeeding the fiscal year during which such proposal is submitted.
(3) In determining the amount of funds to be appropriated to the Institute on the basis of such proposals, the Congress shall not consider the amount of private fundraising or bequests made on behalf of the Institute during any preceding fiscal year.
1992—Subsec. (b). Pub. L. 102–325 redesignated pars. (2) to (4) as (1) to (3), respectively, and struck out former par. (1) which read as follows: "Prior to October 1, 1988, the Board shall submit a budget proposal to the Secretary of the Interior. The Secretary shall submit that proposal to the Congress."
1988—Subsec. (b)(1). Pub. L. 100–297, §5406(f)(1), substituted "Prior to October 1, 1988" for "During the 2-year period beginning on the date referred to in section 4421(f) of this title".
Subsec. (b)(2). Pub. L. 100–297, §5406(f)(2), substituted "September 30, 1988" for "the period described in paragraph (1)".
Effective Date of 1992 Amendment
Effective Date of 1988 Amendment
Termination of Reporting Requirements
For termination, effective May 15, 2000, of provisions in subsec. (a) of this section relating to submitting an annual report to Congress, and provisions in subsec. (b) of this section relating to submitting annual budget proposal to Congress, see section 3003 of Pub. L. 104–66, as amended, set out as a note under section 1113 of Title 31, Money and Finance, and page 201 of House Document No. 103–7.