Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§4402 Grants; Authorization; Purposes; Terms and Conditions; Deposit of Interest

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

Last updated Apr 5, 2026|Official source

Summary

The Secretary of State must give The Asia Foundation a yearly grant using the money provided under section 4403. The grant is for general support of the Foundation’s programs and operations, and the specific rules are written in a grant agreement between the Secretary of State and The Asia Foundation. If the Foundation or its subgrantees invest funds they received under this subchapter or other laws with the approval of the federal agency head, any interest earned does not have to be sent to the United States 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 5, 2026

Release point: 119-73not60