Page:United States Statutes at Large Volume 104 Part 5.djvu/322

 104 STAT. 3644 PUBLIC LAW 101-624—NOV. 28, 1990 Highways and roads. Irrigation. Research. Education. Environmental protection. "(4) the promotion of free and open markets through specific policies and programs; "(5) support for United States private voluntary organizations and cooperatives and encouragement of the development and utilization of indigenous nongovernmental organizations; "(6) the purchase of agricultural commodities (including transportation and processing costs) produced in the country— "(A) to meet urgent or extraordinary relief requirements in the country or in neighboring countries; or "(B) to develop emergency food reserves; "(7) the purchase of goods and services (other than agricultural commodities and related services) to meet urgent or extraordinary relief requirements; "(8) the payment, to the extent practicable, of the costs of carrying out the program authorized in title V; "(9) private sector development activities designed to further the policies set forth in section 2, including loans to financial intermediaries for use in making loans to private individuals, cooperatives, corporations, or other entities; "(10) activities of the Peace Corps that relate to agricultural production; "(11) the development of rural infrastructure such as roads, irrigation systems, and electrification to enhance agricultural production; "(12) research on malnutrition and its causes, as well as research relating to the identification and application of policies and strategies for targeting resources made available under this section to address the problem of malnutrition; and "(13) support for research (including collaborative research which is mutueilly beneficial to the United States and the recipient country), education, and extension activities in agricultural sciences. Section 1306 of title 31, United States Code, shall not apply to the use under this subsection of local currency proceeds that are owned by the United States. " (b) SUPPORT OF INDIGENOUS NON-GOVERNMENTAL ORGANIZA- TIONS. —To the extent practicable, not less than 10 percent of the amounts contained in an account established for a recipient country under section 305(a) shall be used by such country to support the development and utilization of indigenous nongovernmental organizations and cooperatives that are active in rural development, agricultural education, sustainable agricultural production, other measures to assist poor people, and environmental protection projects within such country. " (c) INVESTMENT OF LOCAL CURRENCIES BY NONGOVERNMENTAL ORGANIZATIONS. —A nongovernmental organization may invest local currencies that accrue to that organization as a result of assistance under subsection (a), and any interest earned on such investment may be used for the purpose for which the assistance was provided to that organization without further appropriation by the Congress. " (d) SUPPORT FOR CERTAIN EDUCATIONAL INSTITUTIONS. —If the Administrator determines that local currencies deposited in a special account pursuant to this title are not needed for any of the activities prescribed in paragraphs (1) through (13) of subsection (a) or for any other specific economic development purpose in the recipient country, the Administrator may use those currencies to provide support for any institution (other than an institution whose

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