American Heritage Trust Act of 1988 - Title I: American Heritage Trust - Establishes the American Heritage Trust, comprised of the Land and Water Conservation Fund and the Historic Preservation Fund, to provide funding for the preservation of America's natural, historical, cultural, and outdoor recreational areas.
Title II: Land and Water Conservation Fund - Amends the Land and Water Conservation Fund Act to require the Secretary of the Treasury to invest a portion of the Land and Water Conservation Fund in public debt securities. Requires that the interest from such investments be used to provide for the preservation of the Nation's recreational areas. Requires any excess interest to be credited to the Treasury.
Sets forth a formula for the allocation of such interest income to the Federal Government and the States. Sets forth specified requirements with respect to the apportionment of such income to local and State governments, Indian tribes, and Alaska Native Village Corporations. Repeals a specified section concerning publicity and signing provisions.
Title III: Historic Preservation Fund - Amends the National Historic Preservation Act to extend the Historic Preservation Fund through 2015. Requires the Secretary of the Treasury to invest a portion of such Fund in public debt securities.
Requires that the interest from such investments be used for the preservation of historic sites.
Provides for allocation of a percentage of annual appropriations for State historic preservation trust funds.
Title IV: Miscellaneous Provisions - Requires the owner of any site that benefits from moneys derived from the American Heritage Trust to install a sign indicating that fact. Requires the Secretary of the Interior, within 18 months after enactment of this Act, to provide for a contest for elementary or secondary school children for the design of a symbol to represent such Trust and for use in such signs.
Executive Comment Requested from Interior.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Unfavorable Executive Comment Received From Interior.
Field Hearings Held in Denver, Colorado.
Field Hearings Held in Philadelphia, Pennsylvania.
Field Hearings Held in Atlanta, Georgia.
Unfavorable Executive Comment Received From USDA.
Forwarded by Subcommittee to Full Committee (Amended).
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended).
Reported to House (Amended) by House Committee on Interior and Insular Affairs. Report No: 100-944 (Part I).
Reported to House (Amended) by House Committee on Interior and Insular Affairs. Report No: 100-944 (Part I).
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Referred to House Committee on Merchant Marine and Fisheries Sequentially, for a Period Ending not Later than Sep 28, 88.
Executive Comment Received From Interior.
Referred to Subcommittee on Fisheries and Wildlife Conservation and the Environment.
Subcommittee on Fisheries and Wildlife Conservation and the Environment Discharged.
House Committee on Merchant Marine and Fisheries Discharged by Unanimous Consent.
House Committee on Merchant Marine and Fisheries Discharged by Unanimous Consent.
Placed on Union Calendar No: 593.