§ 290f.
Inter-American Foundation
(b)
Congressional declaration of purpose
The future of freedom, security, and economic development in the Western Hemisphere rests on the realization that man is the foundation of all human progress. It is the purpose of this section to provide support for developmental activities designed to achieve conditions in the Western Hemisphere under which the dignity and the worth of each human person will be respected and under which all men will be afforded the opportunity to develop their potential, to seek through gainful and productive work the fulfillment of their aspirations for a better life, and to live in justice and peace. To this end, it shall be the purpose of the Foundation, primarily in cooperation with private, regional, and international organizations, to—
(1)
strengthen the bonds of friendship and understanding among the peoples of this hemisphere;
(2)
support self-help efforts designed to enlarge the opportunities for individual development;
(3)
stimulate and assist effective and ever wider participation of the people in the development process;
(4)
encourage the establishment and growth of democratic institutions, private and governmental, appropriate to the requirements of the individual sovereign nations of this hemisphere.
In pursuing these purposes, the Foundation shall place primary emphasis on the enlargement of educational opportunities at all levels, the production of food and the development of agriculture, and the improvement of environmental conditions relating to health, maternal and child care, family planning, housing, free trade union development, and other social and economic needs of the people.
(c)
Programs and projects to achieve purposes
(d)
Coordination of activities with national and international agencies
(e)
Powers and functions
The Foundation, as a corporation—
(1)
shall have perpetual succession unless sooner dissolved by an Act of Congress;
(2)
may adopt, alter, and use a corporate seal, which shall be judicially noticed;
(3)
may make and perform contracts and other agreements with any individual, corporation, or other body of persons however designated whether within or without the United States of America, and with any government or governmental agency, domestic or foreign;
(4)
shall determine and prescribe the manner in which its obligations shall be incurred and its expenses, including expenses for representation (not to exceed $10,000 in any fiscal year), allowed and paid;
(5)
may, as necessary for the transaction of the business of the Foundation, employ and fix the compensation of not to exceed one hundred persons at any one time;
(6)
may acquire by purchase, devise, bequest, or gift, or otherwise lease, hold, and improve, such real and personal property as it finds to be necessary to its purposes, whether within or without the United States, and in any manner dispose of all such real and personal property held by it and use as general funds all receipts arising from the disposition of such property;
(7)
shall be entitled to the use of the United States mails in the same manner and on the same conditions as the executive departments of the Government;
(8)
may, with the consent of any board, corporation, commission, independent establishment, or executive department of the Government, including any field service thereof, avail itself of the use of information, services, facilities, officers, and employees thereof in carrying out the provisions of this section;
(9)
may accept money, funds, property, and services of every kind by gift, device,
1
So in original. Probably should be “devise,”.
bequest, grant, or otherwise, and make advances, grants, and loans to any individual, corporation, or other body of persons, whether within or without the United States of America, or to any government or governmental agency, domestic or foreign, when deemed advisable by the Foundation in furtherance of its purposes;
(10)
may sue and be sued, complain, and defend, in its corporate name in any court of competent jurisdiction; and
(11)
shall have such other powers as may be necessary and incident to carrying out its powers and duties under this section.
(f)
Disposal of assets on liquidation
(g)
Board of directors; number, term, and appointment
(h)
Reimbursement of expenses
(j)
Rules and regulations; quorum of the Board
(k)
Authority of the Board to appoint committees
(l)
President of Foundation: appointment and compensation; employment of experts and consultants
(1)
The chief executive officer of the Foundation shall be a President who shall be appointed by the Board of Directors on such terms as the Board may determine. The President shall receive compensation at the rate provided for level IV of the Executive Schedule under
section 5315 of title 5.
(m)
Establishment of Council; consultation by the Board; reimbursement of expenses of members of the Council
(n)
Nonprofit nature of the Foundation; conflict of interests
(o)
Personnel; service in foreign governments or agencies
(p)
Service of employees of other agencies in the Foundation; rights and privileges
(q)
Establishment of principal and branch offices
(s)
Authorization of appropriations
(1)
Notwithstanding any other provision of law, not to exceed an aggregate amount of $50,000,000 of the funds made available for the fiscal years 1970 and 1971 to carry out part I of the Foreign Assistance Act of 1961 [
22 U.S.C. 2151 et seq.] shall be available to carry out the purposes of this section. Funds made available to carry out the purposes of this section under the preceding sentence are authorized to remain available until expended.
(2)
There are authorized to be appropriated $28,800,000 for fiscal year 1992 and $31,000,000 for fiscal year 1993 to carry out this section. Amounts appropriated under this paragraph are authorized to remain available until expended.
(t)
Application of chapter 91 of title 31
(u)
Interest on funds invested pending disbursement
([Pub. L. 91–175], pt. IV, § 401, Dec. 30, 1969, [83 Stat. 821]; [Pub. L. 92–226], pt. IV, § 406(2)–(5), Feb. 7, 1972, [86 Stat. 34]; [Pub. L. 95–105, title V, § 508], Aug. 17, 1977, [91 Stat. 859]; [Pub. L. 97–241, title V, § 501], Aug. 24, 1982, [96 Stat. 297]; [Pub. L. 98–164, title X, § 1001], Nov. 22, 1983, [97 Stat. 1051]; [Pub. L. 99–83, title VII, § 708], Aug. 8, 1985, [99 Stat. 243]; [Pub. L. 99–529, title II, § 202(e)], title IV, § 403(a), Oct. 24, 1986, [100 Stat. 3012], 3019; [Pub. L. 101–246, title VI, § 601], Feb. 16, 1990, [104 Stat. 73]; [Pub. L. 102–138, title I, § 173(a)], (b)(1), (c), (d), Oct. 28, 1991, [105 Stat. 679], 680; [Pub. L. 110–38, § 1], June 21, 2007, [121 Stat. 230].)