22-U.S.C.-4416
§4416 – Retention of Interest
Pathway
Title 22 > Chapter 54 > Subchapter II > Section 4416
Details
- Reference: Section 4416
- Legend: §4416 – Retention of Interest
- USCode Year: 2013
Provision Content
Notwithstanding any other provision of law, with the approval of the National Endowment for Democracy, grant funds made available by the National Endowment for Democracy may be deposited in interest-bearing accounts pending disbursement, and any interest which accrues may be retained by the grantee without returning such interest to the Treasury of the United States and interest earned may be obligated and expended for the purposes for which the grant was made without further appropriation.
(Pub. L. 105–277, div. G, subdiv. B, title XXIV, §2411, Oct. 21, 1998, 112 Stat. 2681–831.)
Codification
Section was enacted as part of the Foreign Relations Authorization Act, Fiscal Years 1998 and 1999, and also as part of the Foreign Affairs Reform and Restructuring Act of 1998 and the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999, and not as part of the National Endowment for Democracy Act which comprises this subchapter.
U.S. Encyclopedia of Law Coverage
22-U.S.C.-4413 in the Legal Encyclopedia: Foreign Relations
In this entry about 22-U.S.C.-4413, find legal reference material, bibliographies and premiere content related to foreign relations in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign relations-specific issues, written by authorities in the field.
Title 22 – Foreign Relations And Intercourse in the Legal Encyclopedia: Democracy
In this entry about Title 22 – Foreign Relations And Intercourse, find legal reference material, bibliographies and premiere content related to democracy in the American Encyclopedia of Law, presenting a comprehensive view of the United States democracy-specific issues, written by authorities in the field.
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