22 U.S.C. § 4416
Retention of interest
United States · Title 22 — FOREIGN RELATIONS AND INTERCOURSE · Status: effective
Cite this
- Citation
- 22 U.S.C. § 4416, Retention of interest, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/457749
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Full 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.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999