; and (2) the Secretary of the Treasury shall— (A) deposit any remaining funds transferred under paragraph (1) in the general fund of the Treasury; and (B) dedicate any remaining funds transferred under paragraph (1) for the sole purpose of deficit reduction. (f) Certain insufficient conditional gifts If a head of an Executive department accepts a covered conditional gift that is made in an amount that is insufficient to meet the cost of carrying out any conditional act or purpose of the conditional gift, the acceptance shall not obligate the Executive department to expend any funds to carry out the conditional act or purpose. . (b) Technical and conforming amendment The table of sections for subchapter III of chapter 13 of title 31, United States Code, is amended by adding at the end the following: 1356. Acceptance of conditional gifts. . 3. GAO report relating to gifts accepted on behalf of Executive departments (a) Definitions In this section— (1) the term Executive department has the meaning given the term in section 101 of title 5, United States Code; and (2) the term gift means any conditional or unconditional gift made to an Executive department. (b) Report Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall submit to the Committee on Homeland Security and Governmental Affairs of the Senate and the Committee on Oversight and Reform of the House of Representatives a report that shall include— (1) with respect to the year preceding the date on which the report is submitted, a statement of— (A) the source of each gift made to the Executive department during that period; (B) how each gift described in subparagraph (A) was, is being, or will be used; and (C) the account or fund in which the funds from each gift described in subparagraph (A) are deposited; (2) a description of the process that each Executive department uses to— (A) manage any gifts made to the Executive department