Title 22 — Foreign Relations and Intercourse
Chapter 54 — Private Organization Assistance
§ 4402. Grants; authorization; purposes; terms and conditions; deposit of interest
Statutory text
The Secretary of State shall make an annual grant to The Asia Foundation with the funds made available under section 4403 of this title. Such grants shall be in general support of the Foundation’s programs and operations. The terms and conditions of grants pursuant to this section shall be set forth in a grant agreement between the Secretary of State and The Asia Foundation.
If funds made available to The Asia Foundation pursuant to this subchapter or pursuant to any other provision of law are, with the permission of the head of the Federal agency making the funds available, invested by the Foundation or any of its subgrantees pending disbursement, the resulting interest is not required to be deposited in the United States Treasury if that interest is used for the purposes for which the funds were made available.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
The Asia Foundation Act
Pub. L. 98–164 title IV § 403 · 97 Stat. 1017
Enacted · 22 U.S.C. § 4402
(Pub. L. 98–164, title IV, § 403, Nov. 22, 1983, 97 Stat. 1038.)
Source evidence
Code source credit
(Pub. L. 98–164, title IV, § 403, Nov. 22, 1983, 97 Stat. 1038.)Enacted provision · exact public law section
Sec. 403. grants to the asia foundation (a) The Secretary of State shall make an annual grant to The Asia Foundation with the funds made available under section 404. Such grants shall be in general support of the Foundation’s programs and operations. The terms and conditions of grants pursu-ant to this section shall be set forth in a grant agreement between the Secretary of State and The Asia Foundation. (b) If funds made available to The Asia Foundation pursuant to Interest. this title or pursuant to any other provision of law are, with the permission of the head of the Federal agency making the funds available, invested by the Foundation or any of its subgrantees pending disbursement, the resulting interest is not required to be deposited in the United States Treasury if that interest is used for the purposes for which the funds were made available.
1 of 1 references resolved to an enrolled provision