22 U.S.C. § 2396a — Property Management Fund
submitted 36 years ago by Pub. L. 101-513 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 122 words · no verdicts yet
Proceeds from certain overseas property may be placed in a Property Management Fund. The money remains available until spent for authorized property purposes and maintenance, and USAID must report its use annually.
(a) Proceeds from overseas property USAID acquired under section 2396(c) may be deposited in a separate Property Management Fund. The proceeds may be used only for section 2396(c) purposes and maintenance and remain available until spent. The USAID Administrator must report every use in the annual Congressional Presentation materials.
(b) This applies to property acquired before November 5, 1990, and property acquired afterward.
The proceeds of overseas property acquired by the Agency for International Development under the authority of section 2396(c) of this title may be deposited in a separate fund, which shall be known as the Property Management Fund. Such proceeds shall be available for use only for the purposes of section 2396(c) of this title and for maintenance, and shall remain available until expended. The Administrator of the Agency for International Development shall report all uses of funds deposited into the Property Management Fund as part of the annual Congressional Presentation materials submitted by the Agency for International Development.
The provisions of subsection (a) shall be applicable to property acquired prior to November 5, 1990, and at any time thereafter.
Source credit: (Pub. L. 101–513, title V, § 585, Nov. 5, 1990, 104 Stat. 2047; Pub. L. 113–76, div. K, title VII, § 7034(q), Jan. 17, 2014, 128 Stat. 517.)
- 1990Enacted · Pub. L. 101-513 · 104 Stat. 2047
- 2014Amended · Pub. L. 113-76 · 128 Stat. 517
A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-513 on 1990-11-05.
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