§2078 International Center for Middle Eastern-western Dialogue Trust Fund

Summary

Creates a trust fund in the U.S. Treasury called the International Center for Middle Eastern-Western Dialogue Trust Fund. Its income must pay for the Center’s work to promote dialogue and scholarship in the Middle East. The fund may take public and private gifts. The Secretary of the Treasury must invest money in U.S. interest-bearing or U.S.-guaranteed obligations. Interest and sale proceeds go back into the fund and stay available without fiscal year limitation. Each fiscal year, the Center may be given the interest and earnings credited to the fund, and additional sums may be appropriated to the fund as needed to build a permanent endowment. The United States, through the Department of State, must keep ownership of the Palazzo Corpi building in Istanbul, Turkey, and the Secretary of State is responsible for keeping the Center there.