7 U.S.C. § 1738g — Enterprise for the Americas environmental funds

FEDERAL · 7 U.S.C. · Chapter 41

Enterprise for the Americas environmental funds

Current through Pub. L. 119-102

Title 7 — Agriculture·Ch. 41 — FOOD FOR PEACE·Subch. VI

(a)Establishment An eligible country shall, under the terms of an environmental framework agreement entered into under section 1738f of this title, establish an Environmental Fund to receive payments in local currency pursuant to section 1738f(b)(1) of this title.

(b)Investment Amounts deposited into an Environmental Fund shall be invested until disbursed. Notwithstanding any other provision of law, any return on such investment may be retained by the Environmental Fund and need not be deposited to the account of the Commodity Credit Corporation and may be retained without further appropriation by Congress.

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(a) Establishment
An eligible country shall, under the terms of an environmental framework agreement entered into under section 1738f of this title, establish an Environmental Fund to receive payments in local currency pursuant to section 1738f(b)(1) of this title.
(b) Investment
Amounts deposited into an Environmental Fund shall be invested until disbursed. Notwithstanding any other provision of law, any return on such investment may be retained by the Environmental Fund and need not be deposited to the account of the Commodity Credit Corporation and may be retained without further appropriation by Congress.

7 U.S.C. § 1738g (Enterprise for the Americas environmental funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

(July 10, 1954, ch. 469, title VI, §608, as added Pub. L. 101–624, title XV, §1512, Nov. 28, 1990, 104 Stat. 3660.)

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History