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22 U.S.C. § 7711 — Disclosure

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 7711 — Disclosure

**(a) Requirement for timely disclosure** Not later than 90 days after the last day of each fiscal quarter, the Corporation shall make available to the public the following information: (1) For assistance provided under [section 7704 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section7704&num=0&edition=prelim)— (A) the name of each entity to which assistance is provided; (B) the amount of assistance provided to the entity; and (C) a description of the program or project, including— (i) a description of whether the program or project was solicited or unsolicited; and (ii) a detailed description of the objectives and measures for results of the program or project. (2) For funds allocated or transferred under [section 7718(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section7718/b&num=0&edition=prelim)— (A) the name of each United States Government agency to which such funds are transferred or allocated; (B) the amount of funds transferred or allocated to such agency; and (C) a description of the program or project to be carried out by such agency with such funds. **(b) Dissemination** The Board, acting through the Chief Executive Officer, shall make the information required to be disclosed under subsection (a) available to the public— (1) by publishing it on the website of the Corporation; (2) by providing notice of the availability of such information in the Federal Register; and (3) by any other methods that the Board determines to be appropriate.

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Stable record: federal_law:legal_authorities:record_usc_7029d7630d184afa5a63a8bd
Source file: Laws/federal/codes/united-states-code/title-22/section-7711-disclosure--86980664f0.md
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Source location: Title 22, Chapter 84, § 7711; chapter-084-millennium-challenge.md

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 7704 — Authorization of assistance

**(a) Assistance** Notwithstanding any other provision of law (other than a provision of this chapter), the Board, acting through the Chief Executive Officer, is authorized to provide assistance under this section for each country that enters into a Millennium Challenge Compact with the United States pursuant to [section 7708 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section7708&num=0&edition=prelim) to support policies and programs that advance the progress of the country in achieving lasting economic growth and poverty reduction and are in furtherance of the purposes of this chapter. **(b) Form of assistance** Assistance under this section may be provided in the form of grants, cooperative agreements, or contracts to or with eligible entities described in subsection (c). Assistance under this section may not be provided in the form of loans. **(c) Eligible entities** An eligible entity referred to in subsection (b) is— (1) the national government of the eligible country; (2) regional or local governmental units of the country; or (3) a nongovernmental organization or a private entity. **(d) Application** The Chief Executive Officer, in consultation with the Board and working with eligible countries selected by the Board for negotiation of Compacts, should develop and recommend procedures for considering solicited and unsolicited proposals in Compacts prior to an approval of the Compacts by the Board. **(e) Limitations** (1) **Prohibition on military assistance and training** — Assistance under this section may not include military assistance or military training for a country. (2) **Prohibition on assistance relating to United States job loss or production displacement** — Assistance under this section may not be prov

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 7711 — Disclosure

Page 2005 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 7711 port describing the projected economic jus- tification for the Compact, including, as appli- cable— (A) the expected economic rate of return of the Compact; (B) a cost-benefit analysis of the Compact; (C) a description of the impact on bene- ficiary populations; (D) the likelihood that the investment will catalyze private sector investments; and (E) any other applicable economic factors that justify each project to be funded under such a Compact to the extent practicable and appropriate. (4) Risk management plan Not later than 60 days before signing each concurrent Compact, as authorized under sec- tion 7708 of this title, the Board, acting through the Chief Executive Officer, shall con- sult with and provide to the appropriate con- gressional committees— (A) an assessment and, as appropriate, the identification of potential measures to miti- gate risks, of— (i) the countries’ commitment to re- gional integration and cross-border co- operation and capacity to carry out com- mitments; (ii) political and policy risks, including risks that could affect country eligibility; (iii) risks associated with realizing eco- nomic returns; (iv) time and completion risks; and (v) cost and financial risks; and (B) an assessment of measures to be taken to mitigate any identified risks, including— (i) securing other potential donors to fi- nance projects or parts of projects as need- ed; and (ii) partnering with regional organiza- tions to support and oversee effective cross-border cooperation. (b) Congressional and public notification after entering into a Compact Not later than 10 days after entering into a Compact with an eligible country, the Board, acting through the Chief Executive Officer, sha

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