text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``National Park Centennial Challenge 
  Fund Act''.
  
  SEC. 2. FINDINGS AND PURPOSE.
  
      (a) Findings.--The Congress here by finds that--
              (1) Our national parks are icons of America;
              (2) The one hundredth anniversary of the National Park 
          System will be in 2016;
              (3) It is appropriate for all Americans to help in the 
          efforts to enhance our parks as the country gets ready for this 
          centennial celebration;
              (4) The President has proposed a National Park Centennial 
          Initiative that, over ten years, will provide up to $3 billion 
          to prepare parks for another century of conservation, 
          preservation, and enjoyment; and
              (5) A part of that Initiative is the establishment of a 
          Centennial Challenge to encourage individuals, foundations, and 
          the private sector to donate money each year by providing up to 
          $100 million in dedicated Federal funding to match donations 
          for signature projects and programs.
      (b) Purpose.--It is the purpose of this Act to establish a fund in 
  the Treasury that will be used to finance signature projects and 
  programs to enhance the National Park System as it approaches its 
  centennial in 2016 and to prepare the parks for another century of 
  conservation, preservation, and enjoyment.
  
  SEC. 3. DEFINITIONS.
  
      For purposes of this Act, the term---
              (1) ``Challenge Fund'' means the National Park Centennial 
          Challenge Fund.
              (2) ``Director'' means the Director of the National Park 
          Service.
              (3) ``Secretary'' means Secretary of the Interior.
              (4) ``Signature project or program'' means, for the 
          purposes of this Act, any project or program identified by the 
          Director as one that will help prepare the national parks for 
          another century of conservation, preservation and enjoyment.
              (5) ``Qualified donation'' means a cash non-Federal 
          donation to the National Park Service that the Director 
          certifies is for a listed signature project or program.
  
  SEC. 4. NATIONAL PARK CENTENNIAL CHALLENGE FUND.
  
      (a) Establishment.--There is established in the Treasury a fund to 
  be known as the National Park Centennial Challenge Fund. The Challenge 
  Fund shall consist of:
              (1) Qualified donations transferred from the Donations to 
          the National Park Service account, in accordance with section 
          6(a) of this Act: and
              (2) Amounts appropriated from the general fund of the 
          Treasury, in accordance with section 6(b) of this Act.
      (b) Availability.--All amounts deposited in the Challenge Fund 
  shall be available, subject to restrictions in section 6(c) of this 
  Act, to the Secretary for signature projects and programs under this 
  Act without further appropriation and without fiscal year limitation. 
  No monies shall be available for indirect administrative costs. The 
  expenditure of amounts in the Challenge Fund shall follow Federal 
  procurement and financial laws and standards.
  
  SEC. 5. SIGNATURE PROJECTS AND PROGRAMS.
  
      (a) List.--The Secretary, acting through the Director, shall 
  develop a list of signature projects and programs eligible for funding 
  from the Challenge Fund. The list shall be submitted to the President 
  and to the Committees on Appropriations and Energy and Natural 
  Resources in the United States Senate, and to the Committees on 
  Appropriations and Natural Resources in the House of Representatives.
      (b) Signature Projects and Programs.--For purposes of this Act, a 
  signature project or program shall be a project or program identified 
  by the Director as one that will help prepare the national parks for 
  another century of conservation, preservation and enjoyment.
      (c) Updates.--The Secretary, acting through the Director, may, from 
  time to time as the Secretary or Director finds necessary, add any 
  project or program to the list developed pursuant to subsection (a) 
  that the Director believes is a signature project or program. If the 
  Director adds any project or program to the list, the Secretary shall 
  notify the Committees referred to in subsection (a) at the time the 
  project or program is added.
  
  SEC. 6. DONATIONS AND MATCHING FEDERAL FUNDS.
  
      (a) Qualified Donations.--Beginning on October 1, 2007, and ending 
  on September 30, 2017, the Secretary may transfer to the Challenge Fund 
  qualified donations of cash, including cash to liquidate a letter of 
  credit, received by the National Park Service.
      (b) Matching Amount.--There is hereby appropriated in each fiscal 
  year beginning on October 1, 2007 and ending on September 30, 2017, an 
  amount equal to the qualified donations received and the pledge of 
  donations through letters of credit in the same fiscal year, not to 
  exceed $100 million in any one year. In no case may the matching amount 
  exceed the amount of donations received or pledged in any year. For the 
  purpose of this subsection, the Secretary may consider a donation for 
  any fiscal year to be received when a pledge of a donation for that 
  fiscal year is guaranteed and a valid irrevocable letter of credit is 
  issued for such purposes.
      (c) The Secretary may not obligate any amounts based on a letter of 
  credit, or amounts to match a letter of credit pursuant to subsection 
  (b), until amounts from that letter of credit are deposited in the 
  Challenge Fund.
      (d) Solicitation.--Nothing in this Act shall be construed as 
  expanding any authority that exists on the date of its enactment with 
  respect to the ability of the National Park Service and its employees 
  to receive or solicit for donations.
  
  SEC. 7. REPORT TO CONGRESS.
  
      The Secretary shall provide with the submission of the President's 
  budget a list of the signature projects and programs and the status of 
  their funding.
  
  SEC. 8. REGULATIONS.
  
      The Secretary may promulgate such regulations as may be necessary 
  to carry out this Act.
target: National Park Centennial Challenge Fund Act - Establishes in the Treasury the National Park Centennial Challenge Fund (the Challenge Fund) which shall consist of qualified donations transferred from the Donations to the National Park Service account and amounts appropriated from the general fund of the Treasury, in accordance with this Act.
  
  Makes available all amounts deposited in the Challenge Fund to the Secretary of the Interior for signature projects and programs under this Act (projects and programs identified by the Director of the National Park Service (NPS) as those that will help prepare the national parks for another century of conservation, preservation, and enjoyment).
  
  Requires the Secretary, acting through the Director, to develop a list of signature projects and programs eligible for funding from the Challenge Fund. Requires that such list be submitted to the President and specified congressional committees.
feat_title: To establish a fund for the National Park Centennial Challenge, and for other purposes.