Grand Canyon Capital Improvements Act of 2001

Fact Sheet API

Bill Number

S 930

Introduced

May 22, 2001

Latest Action

Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5461)

Sponsor

Cosponsors

Topics

Arizona Associations, institutions, etc. Bonds Capital investments Congress Congressional reporting requirements Economics and Public Finance Fees Finance and Financial Sector Fund raising Interest Maintenance and repair National parks Public Lands and Natural Resources User charges

Full Text

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Votes

Summary

Grand Canyon Capital Improvements Act of 2001 - Authorizes the Secretary of the Interior to enter into a memorandum of agreement with an entity to act as an authorized fund raising organization for the benefit of the Grand Canyon National Park. Requires the organization to issue taxable bonds in return for a surcharge or set-aside for the Park.

Authorizes the Secretary to set aside up to $2 per person from park entrance fees, or to assess an additional $2 per person, to amortize the bond issue, cover the reasonable costs of administration, and maintain a sufficient reserve. Authorizes use of bond proceeds for Park facilities.

Actions

May 22, 2001

Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5461)
May 22, 2001

Sponsor introductory remarks on measure. (CR S5460-5461)
May 22, 2001

Introduced in Senate

Amendments

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