US CODE: Title 16,460l–11. Transfers to and from land and water conservation fund

TITLE 16 > CHAPTER 1 > SUBCHAPTER LXIX > Part B > § 460l–11

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§ 460l–11. Transfers to and from land and water conservation fund

(a) Motorboat fuel taxes from highway trust fund into conservation fund

There shall be set aside in the land and water conservation fund in the Treasury of the United States provided for in this part the amounts specified in section 9503 (c)(4)(B) of title 26 (relating to special motor fuels and gasoline used in motorboats).

(b) Refunds of gasoline taxes for certain nonhighway purposes or used by local transit systems and motorboat fuel taxes from conservation fund into general fund of Treasury

There shall be paid from time to time from the land and water conservation fund into the general fund of the Treasury amounts estimated by the Secretary of the Treasury as equivalent to—

(1) the amounts paid before October 1, 2012, under section 6421 of title 26 (relating to amounts paid in respect of gasoline used for certain nonhighway purposes or by local transit systems) with respect to gasoline used after December 31, 1964, in motorboats, on the basis of claims filed for periods ending before October 1, 2011; and

(2) 80 percent of the floor stocks refunds made before October 1, 2012, under section 6412 (a)(2) of title 26 with respect to gasoline to be used in motorboats.

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