
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC4416]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
               CHAPTER 54--PRIVATE ORGANIZATION ASSISTANCE
 
             SUBCHAPTER II--NATIONAL ENDOWMENT FOR DEMOCRACY
 
Sec. 4416. Retention of interest

    Notwithstanding any other provision of law, with the approval of the 
National Endowment for Democracy, grant funds made available by the 
National Endowment for Democracy may be deposited in interest-bearing 
accounts pending disbursement, and any interest which accrues may be 
retained by the grantee without returning such interest to the Treasury 
of the United States and interest earned may be obligated and expended 
for the purposes for which the grant was made without further 
appropriation.

(Pub. L. 105-277, div. G, subdiv. B, title XXIV, Sec. 2411, Oct. 21, 
1998, 112 Stat. 2681-831.)

                          Codification

    Section was enacted as part of the Foreign Relations Authorization 
Act, Fiscal Years 1998 and 1999, and also as part of the Foreign Affairs 
Reform and Restructuring Act of 1998 and the Omnibus Consolidated and 
Emergency Supplemental Appropriations Act, 1999, and not as part of the 
National Endowment for Democracy Act which comprises this subchapter.
