Title 22 › Chapter 32— FOREIGN ASSISTANCE › Subchapter III–A— ENTERPRISE FOR THE AMERICAS INITIATIVE › § 2430g
The Secretary of State can make an Americas Framework Agreement with an eligible country to set up and run an Americas Fund there. The agreement must make the country create the Fund, put certain interest payments into it, and quickly send money from the Fund to an administering body. It must say what the Fund can pay for (mainly projects that link natural-resource conservation with local community development, and child survival and child development), try to protect the Fund’s value in U.S. dollars when needed, and include reasonable rules to enforce the agreement. The Secretary must consult with other U.S. officials and the Enterprise for the Americas Board when negotiating. Each country’s Fund is run by a group formed under that country’s law. That group must include people the U.S. picks, people the country picks, and local representatives from environmental, child-survival, community-development, and scientific or academic groups. The group must accept grant proposals, award grants under the agreed priorities, manage and oversee the program, get an annual independent audit, give U.S. audit access on request, present its program each year to the Enterprise Board, and send an annual report. Grants go to local nongovernmental organizations and other local groups, and only in rare cases to the government. Any grant over $100,000 can be vetoed by the U.S. or the country. If a country loses eligibility, Fund grants may go only to nongovernmental organizations until the President says the country is eligible again.
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Foreign Relations and Intercourse — Source: USLM XML via OLRC
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22 U.S.C. § 2430g
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60