§4603 United States Institute of Peace

Summary

Creates the United States Institute of Peace as an independent nonprofit corporation and the type of organization described in section 170(c)(2)(B) of title 26. It cannot issue stock or pay dividends. The Institute’s Board may set up a legal entity in the District of Columbia to hold and invest public funds for the Institute’s work and call it the “Endowment of the United States Institute of Peace.” The Institute is responsible for acts of its directors, officers, employees, and agents when they act within their authority. The Institute alone controls the use of certain names (including the Institute’s name, the Jennings Randolph Program for International Peace, the Spark M. Matsunaga Medal of Peace, and the Endowment) and its official emblems or close copies, without affecting rights that existed on September 1, 1981. The Institute may use “United States,” “U.S.,” or other references to the U.S. government in its name, seal, or marks in any fiscal year only if a law authorizes appropriations for the Institute for that fiscal year.