; and (5) benefit communities of color, low-income communities, Tribal or Indigenous communities, and rural communities. 612. Harmful algal bloom or hypoxia event of significance (a) Event of significance fund (1) Establishment There is established in the Treasury of the United States a fund to be known as the Harmful Algal Bloom and Hypoxia Event of Significance Fund (in this section referred to as the Fund ). (2) Deposits into Fund (A) In general There shall be deposited into the Fund the following: (i) Amounts appropriated to the Fund. (ii) Amounts transferred to the Fund under paragraph (3). (iii) Amounts received by the United States in the form of gifts, devises, and bequests under paragraph (4). (B) Availability Amounts deposited into the Fund shall be available without fiscal year limitation. (3) Transfer authority Notwithstanding any other provision of law, from amounts appropriated to the National Oceanic and Atmospheric Administration, the Under Secretary may transfer up to $2,000,000 to the Fund each fiscal year. (4) Acceptance of donations For purposes of carrying out this section, the Under Secretary may accept, solicit, receive, hold, administer, and use gifts, devises, and bequests without any further approval or administrative action. (5) Contract, grant, and cooperative agreement authority The Under Secretary may enter into agreements and grants with States, Indian tribes, or local governments, or other entities to pay for or reimburse costs incurred for the purposes of supporting the determination of and assessing the environmental, economic, social, subsistence use, and public health effects of a harmful algal bloom or hypoxia event of significance. (6) Steering committee (A) In general Not later than 12 months after the date of the enactment of this section, the President, acting through the Under Secretary, shall establish a steering committee to assist in evaluating information and data submitted by eligible requesters under subsection (b)(1) in the event of a harmful algal bloom or hypoxia