22 U.S.C. § 2697 — Acceptance of gifts on behalf of United States

(a) Unconditional and conditional gifts The Secretary of State can accept on behalf of the United States gifts made unconditionally by will or otherwise for the benefit of the Department of State (including the Foreign Service) or for the carrying out of any of its functions. Conditional gifts can be so accepted at the discretion of the Secretary, and the principal of and income from any such conditional gift is held, invested, reinvested, and used under its conditions, except that no gift is accepted which is conditioned upon any expenditure which will not be met by the gift or the income from the gift unless such expenditure has been approved by Act of Congress. (b) Disposition Any unconditional gift of money accepted under subsection (a), the income from any gift property held under subsection (c) or (d) (except income made available for expenditure under subsection (d)(2)), the net proceeds from the liquidation of gift property under subsection (c) or (d), and the proceeds of insurance on any gift property which are not used for its restoration, is deposited in the Treasury of the United States. Such funds are hereby appropriated and is held in trust by the Secretary of the Treasury for the benefit of the Department of State (including the Foreign Service). The Secretary of the Treasury can invest and reinvest such funds in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. Such funds and the income from such investments is available for expenditure in the operation of the Department of State (including the Foreign Service) and the performance of its functions, subject to the same examination and audit as is provided for appropriations made for the Foreign Service by the Congress, but must not be spent for representational purposes at United States missions except under the conditions that apply to appropriated funds. (c) Evidences of unconditional gift of intangible personal property The evidences of any unconditional gift of intangible personal property (other than money) accepted under subsection (a), is deposited with the Secretary of the Treasury who can hold or liquidate them, except that they is liquidated upon the request of the Secretary of State whenever necessary to meet payments required in the operation of the Department of State (including the Foreign Service) or the performance of its functions. (d) Use of real property or tangible personal property received unconditionally (1) The Secretary of State must hold any real property or any tangible personal property accepted unconditionally under subsection (a) and must either use such property for the operation of the Department of State (including the Foreign Service) and the performance of its functions or lease or hire such property, except that any such property not required for the operation of the Department of State (including the Foreign Service) or the performance of its functions can be liquidated by the Secretary of State whenever in the judgment of the Secretary of State the purposes of the gift will be served thereby. The Secretary of State can insure any property held under this subsection. Except as provided in paragraph (2), the Secretary must deposit the income from any property held under this subsection with the Secretary of the Treasury as provided in subsection (b). (2) The income from any real property or tangible personal property held under this subsection is available for expenditure at the discretion of the Secretary of State for the maintenance, preservation, or repair and insurance of such property and any proceeds from insurance can be used to restore the property insured. (e) Taxation For the purpose of Federal income, estate, and gift taxes, any gift, devise, or bequest accepted under this section is treat ased to be a gift, devise, or bequest to and for the use of the United States. (f) Availability of statutory authorities to Broadcasting Board and Administrator of AID The authorities available to the Secretary of State under this section about the Department of State is available to the Broadcasting Board of Governors and the Administrator of the Agency for International Development about the Board and the Agency.