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7 U.S.C. § 1738i — Enterprise for the Americas environmental funds
Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment** An eligible country shall, under the terms of an environmental framework agreement entered into under [section 1738f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f&num=0&edition=prelim), establish an Environmental Fund to receive payments in local currency pursuant to [section 1738f(b)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f/b/1&num=0&edition=prelim).
**(b) Investment** Amounts deposited into an Environmental Fund shall be invested until disbursed. Notwithstanding any other provision of law, any return on such investment may be retained by the Environmental Fund and need not be deposited to the account of the Commodity Credit Corporation and may be retained without further appropriation by Congress.
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Stable record: federal_law:legal_authorities:record_usc_351de0eb3b461053cc8f21d6
Source file: Laws/federal/codes/united-states-code/title-7/section-1738i-enterprise-for-the-americas-environmental-funds--3b98ad26ed.md
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Source location: Title 7, Chapter 41, § 1738i; chapter-041-food-for-peace.md
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**(a) Establishment** An eligible country shall, under the terms of an environmental framework agreement entered into under [section 1738f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f&num=0&edition=prelim), establish an Environmental Fund to receive payments in local currency pursuant to [section 1738f(b)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f/b/1&num=0&edition=prelim).
**(b) Investment** Amounts deposited into an Environmental Fund shall be invested until disbursed. Notwithstanding any other provision of law, any return on such investment may be retained by the Environmental Fund and need not be deposited to the account of the Commodity Credit Corporation and may be retained without further appropriation by Congress.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Currency of payment** The principal amount owed under each new obligation issued under [section 1738c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738c&num=0&edition=prelim) shall be repaid in United States dollars.
**(b) Deposit of payments** Principal repayments on new obligations issued under [section 1738c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738c&num=0&edition=prelim) shall be deposited in Commodity Credit Corporation accounts.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1738f
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Federal law — U.S. Code and appendices · legal_authorities
(a) United States development cooperation policy
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2151
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Federal law — U.S. Code and appendices · legal_authorities
For purposes of this subchapter—
(1) the term “administering body” means the entity provided for in [section 2430g(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430g/c&num=0&edition=prelim);
(2) the term “Americas Framework Agreement” means an Americas Framework Agreement provided for in [section 2430g of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430g&num=0&edition=prelim);
(3) the term “Americas Fund” means an Enterprise for the Americas Fund provided for in [section 2430f(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430f/a&num=0&edition=prelim);
(4) the term “appropriate congressional committees” means the Committee on Foreign Affairs and the Committee on Appropriations of the House of Representatives and the Committee on Foreign Relations and the Committee on Appropriations of the Senate;
(5) the term “beneficiary country” means an eligible country with respect to which the authority of [section 2430c(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430c/a/1&num=0&edition=prelim) is exercised;
(6) the term “eligible country” means a country designated by the President in accordance with [section 2430b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430b&num=0&edition=prelim);
(7) the term “Enterprise for the Americas Board” or “Board” means the board established by [section 1738i of title 7](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738i&num=0&edition=prelim); and
(8) the term “Facility” means the Enterprise for the Americas Facility established in the Department of the Treasury by [section
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2430a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority** The President is authorized to enter into an environmental framework agreement with each country eligible for benefits from the Facility concerning the operation and use of an Enterprise for the Americas Environmental Fund (hereafter referred to in this subchapter as the “Environmental Fund”) established under [section 1738g of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738g&num=0&edition=prelim) for that country. The President shall consult with the Board established under [section 1738i of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738i&num=0&edition=prelim) when entering into such agreements.
**(b) Requirements** An environmental framework agreement entered into under this section shall—
(1) require the eligible country to establish an Environmental Fund;
(2) require the eligible country to make interest payments under [section 1738g(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738g/a&num=0&edition=prelim) into the Environmental Fund;
(3) require the eligible country to make prompt disbursements from the Environmental Fund to the body described in subsection (c);
(4) where appropriate, seek to maintain the value of the local currency resources deposited into the appropriate Environmental Fund in terms of United States dollars;
(5) specify, in accordance with [section 1738k of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738k&num=0&edition=prelim), the purposes for which the Environmental Fund may be used; and
(6) contain reasonable provisions for the enforcement of the terms of the agreement.
**(c) Administering body** Funds disbursed from the Environmental Fund
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1738h
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Federal law — U.S. Code and appendices · legal_authorities
Page 1029
TITLE 7—AGRICULTURE
§ 1738k
69 F.R. 41901, set out as a note under section 1738 of this
title.
§ 1738g. Enterprise for the Americas environ-
mental funds
(a) Establishment
An eligible country shall, under the terms of
an environmental framework agreement entered
into under section 1738f of this title, establish an
Environmental Fund to receive payments in
local currency pursuant to section 1738f(b)(1) of
this title.
(b) Investment
Amounts deposited into an Environmental
Fund shall be invested until disbursed. Notwith-
standing any other provision of law, any return
on such investment may be retained by the En-
vironmental Fund and need not be deposited to
the account of the Commodity Credit Corpora-
tion and may be retained without further appro-
priation by Congress.
(July 10, 1954, ch. 469, title VI, § 608, as added
Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104
Stat. 3660.)
§ 1738h. Disbursement of environmental funds
Funds in an Environmental Fund shall be dis-
bursed only pursuant to a framework agreement
entered into pursuant to section 1738f of this
title.
(July 10, 1954, ch. 469, title VI, § 609, as added
Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104
Stat. 3661.)
§ 1738i. Enterprise for the Americas Board
(a) Establishment
There is established a board to be known as
the ‘‘Enterprise for the Americas Board’’ (here-
after referred to in this subchapter as the
‘‘Board’’).
(b) Membership and chairperson
(1) Membership
The Board shall be composed of—
(A) six representatives from the United
States Government, at least one of whom
shall be a representative of the Department
of Agriculture; and
(B) five representatives from private non-
governmental environmental, child survival
and child development, commun
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1738i
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