22 U.S.C. § 6562 — Transfer of functions and authorities

(a) Allocation of funds. (1) Funds in assistance categories that, on October 1, 1997, were treated as allocated to the Director of the International Development Cooperation Agency^* under section 1–801 of Executive Order No. 12163 (22 U.S.C. 2381 note) are allocated to the Secretary^* of State on and after this subchapter’s effective date, without further Presidential action. (2) The Secretary of State may allocate or transfer those funds as appropriate, using the same method previously provided for the Director under section 1–802 of that Executive Order as it existed on October 1, 1997. (b) Overseas Private Investment Corporation. All functions of the Director of the United States International Development Cooperation Agency concerning the Overseas Private Investment Corporation are transferred to the Administrator of the Agency for International Development as of the day before this subchapter’s effective date. (c) Other activities. Section 6 of Reorganization Plan Numbered 2 of 1979 transferred certain authorities and functions to the Agency or its Director. To the extent those authorities and functions have not been repealed, they are transferred to the agencies or agency heads that, by statute, held them on the day before that reorganization plan’s effective date.