High Technology Morrill Act

[AI summary unavailable — showing source text] High Technology Morrill Act - Establishes the Technology Education Trust Fund in the Treasury. Directs the Secretary of the Treasury to be the trustee of the Fund and to report to the Congress annually on the Fund's operation. Directs the Secretary to transfer from the Treasury's general fund to the Fund, for FY 1984 through 1988, three percent of the rents, royalties, and other sums paid to the United States under the Outer Continental Shelf Lands Act, the Mineral Leasing Act of 1920, and any other Federal statute authorizing payments for mineral resource development designated by the Secretary for the purpose of this Act. Limits the amount of such transfers to $500,000,000 in any one fiscal year. Provides that amounts in the Fund shall be available for making payments in accordance with this Act as provided in advance by appropriation Acts, and without fiscal year limitation on availability unless specificly enacted. Prohibits the Secretary from making transfers to the Fund after September 30, 1988. Directs the Secretary to pay into the Treasury's general fund any amounts remaining in the Fund after September 30, 1990. Authorizes the Director of the National Science Foundation to…