7 U.S.C. § 1738g

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)
Section 1738g - Enterprise for the Americas environmental funds
(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

July 10, 1954, ch. 469, title VI, §608, as added Pub. L. 101-624, title XV, §15121512,, 104 Stat. 3660.