
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 16USC19l]

 
                         TITLE 16--CONSERVATION
 
   CHAPTER 1--NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES
 
                SUBCHAPTER III--NATIONAL PARK FOUNDATION
 
Sec. 19l. Tax exemptions; contributions toward costs of local 
        government; contributions, gifts, or transfers to or for use of 
        United States
        
    The Foundation and any income or property received or owned by it, 
and all transactions relating to such income or property, shall be 
exempt from all Federal, State, and local taxation with respect thereto. 
The Foundation may, however, in the discretion of its directors, 
contribute toward the costs of local government in amounts not in excess 
of those which it would be obligated to pay such government if it were 
not exempt from taxation by virtue of the foregoing or by virtue of its 
being a charitable and nonprofit corporation and may agree so to 
contribute with respect to property transferred to it and the income 
derived therefrom if such agreement is a condition of the transfer. 
Contributions, gifts, and other transfers made to or for the use of the 
Foundation shall be regarded as contributions, gifts, or transfers to or 
for the use of the United States.

(Pub. L. 90-209, Sec. 8, Dec. 18, 1967, 81 Stat. 657.)

                  Section Referred to in Other Sections

    This section is referred to in title 26 section 2055.
