Title 22 — Foreign Relations and IntercourseRelease 119-73

§6823 Administration

Title 22 › Chapter CHAPTER 76— - ASSISTANCE TO COUNTRIES WITH LARGE POPULATIONS HAVING HIV/AIDS › Subchapter SUBCHAPTER II— - WORLD BANK AIDS TRUST FUND › Part Part A— - Establishment of the Fund › § 6823

Last updated Apr 6, 2026|Official source

Summary

The Board of Trustees should pick an Administrator, working with Bank officials, to run the Trust Fund day to day. The Fund may accept contributions from governments, businesses, and nongovernmental groups. As part of the talks in section 6821(a), the Secretary of the Treasury must, consistent with subsection (d), make sure the Bank or Association has rules to track and monitor donated money (including admin costs) and must seek agreement on which programs the Fund will support. The Board should set rules for choosing projects and recipients, for cost-effective management, and for transparent, accountable grant-making. The Board should also quickly tell the public the Fund’s goals, finances, and how it will operate.

Full Legal Text

Title 22, §6823

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The Board of Trustees, in consultation with the appropriate officials of the Bank, should appoint an Administrator who should be responsible for managing the day-to-day operations of the Trust Fund.

(b)The Trust Fund should be authorized to solicit and accept contributions from governments, the private sector, and nongovernmental entities of all kinds.

(c)As part of the negotiations described in section 6821(a) of this title, the Secretary of the Treasury shall, consistent with subsection (d)—

(1)take such actions as are necessary to ensure that the Bank or the Association will have in effect adequate procedures and standards to account for and monitor the use of funds contributed to the Trust Fund, including the cost of administering the Trust Fund; and

(2)seek agreement on the criteria that should be used to determine the programs and activities that should be assisted by the Trust Fund.

(d)The Board of Trustees should establish—

(1)criteria for the selection of projects to receive support from the Trust Fund;

(2)standards and criteria regarding qualifications of recipients of such support;

(3)such rules and procedures as may be necessary for cost-effective management of the Trust Fund; and

(4)such rules and procedures as may be necessary to ensure transparency and accountability in the grant-making process.

(e)The Board of Trustees should ensure full and prompt public disclosure of the proposed objectives, financial organization, and operations of the Trust Fund.

Reference

Citations & Metadata

Citation

22 U.S.C. § 6823

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73