; and (ii) except as provided in subparagraph (D), the percentage reduction for nonexempt direct spending for nondefense functions is 2.8 percent. . II Udall Foundation Reauthorization 201. Short title This title may be cited as the Udall Foundation Reauthorization Act of 2024 . 202. Investment earnings Section 8(b)(1) of the Morris K. Udall and Stewart L. Udall Foundation Act ( 20 U.S.C. 5606(b)(1) ) is amended by adding at the end the following: Beginning on October 1, 2023, and thereafter, interest earned from investments made with any new appropriations to the Trust Fund shall only be available subject to appropriations and is authorized to be appropriated to carry out the provisions of this Act. . 203. Reauthorization of the Udall Foundation Trust Fund Section 13 of the Morris K. Udall and Stewart L. Udall Foundation Act ( 20 U.S.C. 5609 ) is amended— (1) in subsection (a), by striking 2023 and inserting 2029 ; (2) in subsection (b), in the matter preceding paragraph (1), by striking 2023 and inserting 2029