§ 4402. — Grants; authorization; purposes; terms and conditions; deposit of interest.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC4402]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 54--PRIVATE ORGANIZATION ASSISTANCE
SUBCHAPTER I--THE ASIA FOUNDATION
Sec. 4402. Grants; authorization; purposes; terms and
conditions; deposit of interest
(a) 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.
(b) 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.
(Pub. L. 98-164, title IV, Sec. 403, Nov. 22, 1983, 97 Stat. 1038.)
