Title 22 — Foreign Relations and IntercourseRelease 119-73
§4416 Retention of interest
Title 22 › Chapter CHAPTER 54— - PRIVATE ORGANIZATION ASSISTANCE › Subchapter SUBCHAPTER II— - NATIONAL ENDOWMENT FOR DEMOCRACY › § 4416
Summary
With National Endowment for Democracy approval, grantees may put grant money in interest accounts and keep or use interest without returning it to the Treasury or needing more funding approval.
Full Legal Text
Title 22, §4416
Foreign Relations and Intercourse — Source: USLM XML via OLRC
Notwithstanding any other provision of law, with the approval of the National Endowment for Democracy, grant funds made available by the National Endowment for Democracy may be deposited in interest-bearing accounts pending disbursement, and any interest which accrues may be retained by the grantee without returning such interest to the Treasury of the United States and interest earned may be obligated and expended for the purposes for which the grant was made without further appropriation.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was enacted as part of the Foreign Relations Authorization Act, Fiscal Years 1998 and 1999, and also as part of the Foreign Affairs Reform and Restructuring Act of 1998 and the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999, and not as part of the National Endowment for Democracy Act which comprises this subchapter.
Reference
Citations & Metadata
Citation
22 U.S.C. § 4416
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73