Freedom Dove

While doing further research on the information being taught through the Tax Termination Class on freedomfromgovernment.org malika introduced me to the **Valles Caldera Trust**. So, I asked Bing AI to assist me in finding out more about this trust. The ** Valles Caldera Trust** is a **wholly owned government corporation** established by **16 U.S.C. § 698v-4**. Let’s delve into the details:

1. **Establishment**:
– The Valles Caldera Trust was established to conduct business in the **State of New Mexico** and elsewhere in the **United States** in furtherance of its corporate purposes¹.
– It operates as a government corporation with specific responsibilities related to the **Valles Caldera National Preserve**.

2. **Corporate Purposes**:
– The purposes of the Trust include:
– Providing **management and administrative services** for the **Preserve**.
– Establishing and implementing **management policies** that align with the requirements of sections **698v to 698v–10** of Title 16.
– Receiving and collecting funds from **private and public sources** to support the management and administration of the Preserve.
– Cooperating with **Federal, State, and local governmental units**, as well as **Indian tribes and Pueblos**, to further the purposes for which the Preserve was established¹.

3. **Necessary Powers**:
– The Trust has **necessary and proper powers** to exercise the authorities vested in it.

4. **Staff**:
– The Trust is authorized to appoint an **executive director** and other officers and employees without regard to the provisions of **title 5** governing appointments in the competitive service.
– Compensation and duties are determined by the Trust.
– No employee of the Trust is paid at a rate exceeding that of the Supervisor of the Santa Fe National Forest or the Superintendent of the Bandelier National Monument, whichever is greater¹.

5. **Federal Employees**:
– Trust employees are considered **Federal employees** as defined by **title 5** and are subject to all applicable rights and obligations.
– At the Trust’s request, employees of any Federal agency may be provided for implementation of sections **698v to 698v–10** of Title 16, with detailed employees being reimbursed on a reimbursable basis¹.

6. **Government Corporation Status**:
– The Valles Caldera Trust is a **Government Corporation** subject to **chapter 91 of title 31** (commonly referred to as the **Government Corporation Control Act**).
– Its financial statements are audited annually in accordance with **section 9105 of title 31**¹.

For more detailed information, you can refer to the **U.S. Code** or the **Cornell Law School’s website**¹². If you have any further questions, feel free to ask!

Source: Conversation with Copilot, 2024-06-03
(1) 16 USC § 698v-4 (2011) The Valles Caldera Trust :: Title 16 …. https://law.justia.com/codes/us/2011/title-16/chapter-6/section-698v-4/.
(2) 16 U.S. Code § 698v–11 – Valles Caldera National Preserve, New Mexico. https://www.law.cornell.edu/uscode/text/16/698v-11.
(3) 16 USC 698v-4: The Valles Caldera Trust – uscode.house.gov. https://uscode.house.gov/view.xhtml?req=granuleid:USC-2000-title16-section698v-4&num=0&edition=2000.