Title 22 — Foreign Relations and IntercourseRelease 119-73

§4402 Grants; authorization; purposes; terms and conditions; deposit of interest

Title 22 › Chapter CHAPTER 54— - PRIVATE ORGANIZATION ASSISTANCE › Subchapter SUBCHAPTER I— - THE ASIA FOUNDATION › § 4402

Last updated Apr 6, 2026|Official source

Summary

The Secretary of State must give The Asia Foundation a yearly grant using the funds made available under section 4403 of this title. The grant will support the Foundation’s programs and operations, and the exact rules will be written in a grant agreement between the Secretary and the Foundation. If the federal agency that provided the money allows the Foundation or its subgrantees to invest the funds before spending them, any interest earned does not have to be sent to the U.S. Treasury as long as that interest is used for the same purposes as the original funds.

Full Legal Text

Title 22, §4402

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The Secretary of State shall make an annual grant to The Asia Foundation with the funds made available under section 4403 of this title. Such grants shall be in general support of the Foundation’s programs and operations. The terms and conditions of grants pursuant to this section shall be set forth in a grant agreement between the Secretary of State and The Asia Foundation.

(b)If funds made available to The Asia Foundation pursuant to this subchapter or pursuant to any other provision of law are, with the permission of the head of the Federal agency making the funds available, invested by the Foundation or any of its subgrantees pending disbursement, the resulting interest is not required to be deposited in the United States Treasury if that interest is used for the purposes for which the funds were made available.

Reference

Citations & Metadata

Citation

22 U.S.C. § 4402

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73