Historic Preservation Enhancement Act

Section 303102 of title 54, United States Code, is amended—

(1) by striking For each and inserting (a) In general.— For each;

(2) by striking of fiscal years 2012 to 2023 and inserting fiscal year,;

(3) by striking $150,000,000 and inserting $300,000,000; and

(4) by adding at the end the following:

Should revenues described in subsection (a) be insufficient to deposit in the Historic Preservation Fund the amount described in such subsection, the difference shall be deposited from amounts in the General Treasury.

Section 303103 of title 54, United States Code, is amended to read as follows:

Any amounts deposited in the Historic Preservation Fund under section 303102 for fiscal year 2022 and each fiscal year thereafter shall be made available for expenditure for fiscal year 2023 and each fiscal year thereafter, without further appropriation or fiscal year limitation, to carry out this division (including programs made available from the Historic Preservation Fund).

The President shall submit to Congress detailed program allocations of the full amount made available under subsection (a)—

(A) for fiscal year 2023, not later than 90 days after the date of the enactment of the Historic Preservation Enhancement Act; and

(B) for each fiscal year thereafter, as part of the annual budget submission of the President.

Appropriations Acts may provide for alternate allocation of amounts made available under subsection (a), including allocations by program.

If Congress has not enacted legislation establishing alternate allocations by the date on which the Act making full-year appropriations for the Department of the Interior, Environment, and Related Agencies for the applicable fiscal year is enacted into law, amounts made available under subsection (a) shall be allocated by the President.

If Congress enacts legislation establishing alternate allocations for amounts made available under subsection (a) that are less than the full amount appropriated under such subsection, the difference between the amount appropriated and the alternate allocation shall be allocated by the President.

The President shall submit to Congress an annual report that describes the final allocation by program and project of amounts made available under subsection (a), including a description of the status of obligations and expenditures.