Title 7 — AgricultureRelease 119-73not60
§1738g Enterprise for the Americas Environmental Funds
Title 7 › Chapter 41— FOOD FOR PEACE › Subchapter VI— ENTERPRISE FOR THE AMERICAS INITIATIVE › § 1738g
Summary
An eligible country must set up an Environmental Fund under its environmental framework agreement to receive local-currency payments. Money put into the Environmental Fund must be invested until spent. Any earnings from those investments can stay in the Fund, do not have to be sent to the Commodity Credit Corporation, and can be used without further approval from Congress.
Full Legal Text
Title 7, §1738g
Agriculture — Source: USLM XML via OLRC
(a)An eligible country shall, under the terms of an environmental framework agreement entered into under section 1738f of this title, establish an Environmental Fund to receive payments in local currency pursuant to section 1738f(b)(1) of this title.
(b)Amounts deposited into an Environmental Fund shall be invested until disbursed. Notwithstanding any other provision of law, any return on such investment may be retained by the Environmental Fund and need not be deposited to the account of the Commodity Credit Corporation and may be retained without further appropriation by Congress.
Reference
Citations & Metadata
Citation
7 U.S.C. § 1738g
Title 7 — Agriculture
Last Updated
Apr 3, 2026
Release point: 119-73not60