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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 22 U.S.C. § 4416 Retention of interest us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 54 PRIVATE ORGANIZATION ASSISTANCE 4416 22 U.S.C. § 4416 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip /us/usc/t22/s4416 data/legal/raw/us/code/title-22/usc22.xml c126d74b9371d4a56435bd639318ceebe3bc10c2235d897fdd7bc3858899a933 b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 e183d8b9d940777bf33792ec6418210e6f2f69d730da3de8a386483cd567defc 2026-07-04 official
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22 U.S.C. § 4416 - Retention of interest

Text

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. 105277, div. G, subdiv. B, title XXIV, § 2411, Oct. 21, 1998, 112 Stat. 2681831.)

Notes

Editorial Notes

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.