Page:United States Statutes at Large Volume 103 Part 2.djvu/296

 103 STAT. 1306 PUBLIC LAW 101-179—NOV. 28, 1989 (5) PRIVATE CHARACTER OF ENTERPRISE FUNDS. — Nothing in this section shall be construed to make an Enterprise Fund an agency or establishment of the United States Government, or to make the officers, employees, or members of the Board of Directors of an Enterprise Fund officers or employees of the United States for purposes of title 5, United States Code. President of U.S. (e) GRANTS TO ENTERPRISE FuNDS. —Funds appropriated to the President pursuant to subsection (b) shall be granted to the Enter- prise Funds by the Agency for International Development to enable the Enterprise Funds to carry out the purposes specified in subsec- tion (a) and for the administrative expenses of each Enterprise Fund. (f) EuGiBLE PROGRAMS AND PROJECTS. — (1) IN GENERAL. —The Enterprise Funds may provide assist- ance pursuant to this section only for programs and projects which are consistent with the purposes set forth in subsection (a). (2) EMPLOYEE STOCK OWNERSHIP PLANS. — Funds available to the Enterprise Funds may be used to encourage the establish- ment of Employee Stock Ownership Plans (ESOPs) in Poland and Hungary. (3) INDIGENOUS CREDIT UNIONS. — Funds available to the Enter- prise Funds may be used for technical and other assistance to support the development of indigenous credit unions in Poland ^ and Hungary. As used in this paragraph, the term "credit union" means a member-owned, nonprofit, cooperative deposi- tory institution— (A) which is formed to permit individuals in the field of membership specified in such institution's charter to pool their savings, lend the savings to one another, and own the organization where they save, borrow, and obtain related financial services; and (B) whose members are united by a common bond and democratically operate the institution. (4) TELECOMMUNICATIONS MODERNIZATION IN POLAND.— The Polish-American Enterprise Fund may use up to $25,000,000 for grants for projects providing for the early introduction in Poland of modern telephone systems and telecommunications .A^» technology, which are crucial in establishing the conditions for successful transition to political democracy and economic pluralism. (5) ECONOMIC FOUNDATION OF NSZZ soLiDARNod6. — Funds available to the Polish-American Enterprise Fund may be used to support the Elconomic Foundation of NSZZ SolidarnoS6. (g) MATTERS TO BE CONSIDERED BY ENTERPRISE FUNDS. — In carry- ^ ing out this section, each Enterprise Fund shall take into account such considerations as internationaly recognized worker rights and other internationaly recognized human rights, environmental fac- tors. United States economic and employment effects, and the likeli- hood of commercial viability of the activity receiving assistance from the Enterprise Fund. (h) RETENTION OF INTEREST.— An Enterprise Fund may hold funds granted to it pursuant to this section in interest-bearing accounts, prior to the disbursement of such funds for purposes specified in subsection (a), and may retain for such program purposes any interest earned on such deposits without returning such interest to

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