; and (2) secondarily, the reforestation of giant sequoias on National Park Service and covered National Forest System lands impacted by wildfire. (b) Giant sequoia emergency protection fund The National Park Foundation, in coordination with the National Forest Foundation, shall establish a joint special account to be known as the Giant Sequoia Emergency Protection Fund (referred to as the Fund in this section), to be administered in support of the program established under subsection (a). (1) Funds for giant sequoia emergency protection The following shall apply to the Fund: (A) The Fund shall consist of any gifts, devises, or bequests that are provided to the National Park Foundation or National Forest Foundation for such purpose. (B) The National Park Foundation and National Forest Foundation shall deposit any funds received for the Fund in a federally insured interest-bearing account or may invest funds in appropriate security obligations, as mutually agreed upon. (C) Any accrued interest or dividends earned on funds received for the Fund shall be added to the principal and form a part of the Fund. (2) Use of funds Funds shall be available to the National Park Foundation and National Forest Foundation without further appropriation, subject to the provisions in paragraph (3), for projects and activities approved by the Chief of the Forest Service or the Director of the National Park Service as appropriate, or their designees, to— (A) primarily, support the management and conservation of giant sequoias on National Park Service and covered National Forest System lands to promote resiliency to wildfires, insects, and drought