(a) The proceeds of overseas property acquired by the Agency for International Development under the authority of section 2396(c) of this title may be deposited in a separate fund, which shall be known as the Property Management Fund. Such proceeds shall be available for use only for the purposes of section 2396(c) of this title, and shall remain available until expended. The Administrator of the Agency for International Development shall report all uses of funds deposited into the Property Management Fund as part of the annual Congressional Presentation materials submitted by the Agency for International Development.
(b) The provisions of subsection (a) of this section shall be applicable to property acquired prior to November 5, 1990, and at any time thereafter.
(Pub. L. 101–513, title V, §585, Nov. 5, 1990, 104 Stat. 2047.)
Sections: Previous 2394-1 2394-1a 2394a 2394b 2395 2395a 2396 2396a 2397 2398 2399b 2399c 2399d 2401 2402 Next
Last modified: October 26, 2015