Page:United States Statutes at Large Volume 103 Part 3.djvu/454

 103 STAT. 2522 PUBLIC LAW 101-240—DEC. 19, 1989 further appropriation by Congress, interest earned on the proceeds of any resulting debt-for-nature exchange pending the disburse- ments of such proceeds and interest for approved program purposes, which may include the establishment of an endowment, the income of which is used for such purposes. 22 USC 2283. "SEC. 463. EuGiBLE PROJECTS. — (a) The Administrator of the Agency for International Development shall seek to ensure that debt-for-nature exchanges under this chapter support one or more of the following activities by either the host government, a local private conservation group, or a combination thereof: "(1) restoration, protection, or sustainable use of the world's oceans and atmosphere; "(2) restoration, protection, or sustainable use of diverse animal and plant species; "(3) establishment, restoration, protection, and maintenance of parks and reserves; (4) development and implementation of sound systems of natural resource management; "(5) development and support of local conservation programs; "(6) training programs to strengthen conservation institutions and increase scientific, technical, and managerial capabilities of individuals and organizations involved in conservation efforts; "(7) efforts to generate knowledge, increase understanding, and enhance public commitment to conservation; "(8) design and implementation of sound programs of land and ecosystem management; and "(9) promotion of regenerative approaches in farming, for- estry, fishing, and watershed management. "(b)(1) In cooperation with nongovernmental organizations, the Administrator of the Agency for International Development shall seek to identify those areas, which because of an imminent threat, are in particular need of immediate attention to prevent the loss of unique biological life or valuable ecosystem. ..^ "(2) The Administrator of the Agency for International Develop- ment shall encourage as many eligible countries as possible to propose such exchanges with the purpose of demonstrating to a large number of governments the feasibility and benefits of sustain- able development. 22 USC 2284. "SEC. 464. ELIGIBLE COUNTRIES. —In order for a foreign country to be eligible to participate in a debt-for-nature exchange under this chapter, the Administrator of the Agency for International Develop- ment shall determine that— "(1) the host country is fully committed to the long-term viability of the program or project that is to be undertaken through the debt-for-nature exchange; "(2) a long-term plan has been prepared by the host country, or private conservation group, which adequately provides for the long-term viability of the program or project that is to be undertaken through the debt-for-nature exchange or that such a plan will be prepared in a timely manner; and "(3) there is a government agency or a local nongovernmental organization, or combination thereof, in the host country with the capability, commitment, and record of environmental con- cern to oversee the long-term viability of the program or project that is to be undertaken through the debt-for-nature exchange.. Grants. "SEC. 465. TERMS AND CONDITIONS. —(a) The terms and conditions 22 USC 2285. fQj. making grants under this chapter shall be deemed to be fulfilled

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