§7713 Powers of the Corporation; Related Provisions

Summary

Creates a corporation that will keep going forever unless a law passed after January 23, 2004 ends it. The corporation can have a seal courts will recognize. It can make contracts with anyone or any government, decide how to record and pay its bills (including representation costs), buy or lease property, accept money, gifts, or services, use the U.S. mail like executive departments, hire people for personal services who are not treated as federal employees under Office of Personnel Management rules, get passenger vehicles, and do other things needed to carry out its work. It must keep its main office in the Washington, D.C. metropolitan area. With the CEO’s approval, employees may take unpaid posts with foreign governments or international groups to help carry out a Compact. Administrative rules from the State Department Basic Authorities Act of 1956 and the Foreign Assistance Act of 1961 apply where they do not conflict. The corporation must follow the financial rules in chapter 91 of title 31 but may not issue or sell obligations to the public. The USAID Inspector General will serve as the corporation’s Inspector General and may review and investigate its activities. That Inspector General reports to and is overseen by the corporation’s Board. The corporation must pay USAID for Inspector General expenses. Up to $5,000,000 of the money authorized under section 7718(a) may be used for the Inspector General’s reviews. The CEO may also contract with U.S. or candidate-country universities, foundations, NGOs, or, when appropriate, government agencies to do research to improve eligibility data for a country, and up to $5,000,000 of the funds authorized under section 7718(a) may be used for that research.