Page:United States Statutes at Large Volume 104 Part 5.djvu/339

 PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3661 "(b) INVESTMENT.— Amounts deposited into an Environmental Fund shall be invested until disbursed. Notwithstanding any other provision of law, any return on such investment may be retained by the Environmental Fund and need not be deposited to the account of the Commodity Credit Corporation and may be retained without further appropriation by Congress. "SEC. 609. DISBURSEMENT OF ENVIRONMENTAL FUNDS. 7 USC 1738h. "Funds in an Environmental Fund shall be disbursed only pursuant to a framework agreement entered into pursuant to section 607. "SEC. 610. ENVIRONMENT FOR THE AMERICAS BOARD. 7 USC 17381. "(a) EsTABusHMENT.— There is established a board to be known as the 'Environment for the Americas Board' (hereafter referred to in this title as the 'Board'). "(Jo) MEMBERSHIP AND CHAIRPERSON. — President. "(1) MEMBERSHIP.—The Board shall be composed of— "(A) five representatives from the United States Government; and "(B) four representatives from private nongovernmental environmental, community development, scientific, and academic organizations with experience and expertise in Latin America and the Caribbean; to be appointed by the President. "(2) CHAIRPERSON. —The Board shall be headed by a chairperson who shall be appointed by the President from among the representatives appointed under paragraph (I)(A). "(c) RESPONSIBILITIES. —The Board shall— "(1) advise the President on the negotiations for the environmental framework agreements described in subsections (a) and (b) of section 607; "(2) ensure, in consultation with the government of the appropriate eligible country, with nongovernmental organizations of such eligible country, and if appropriate, of the region, and with environmental, scientific, and academic leaders of such eligible country and, as appropriate, of the region, that a suitable body referred to in section 607(c) is identified; and "(3) review the programs, operations, and fiscal audits of the bodies referred to in section 607(c). " SEC. 611. OVERSIGHT. 7 USC 1738j. "The President may designate appropriate United States agencies to review the implementation of programs under this title and the fiscal audits relating to such programs. Such oversight shall not constitute active management of an Environmental Fund. "SEC. 612. ELIGIBLE ACTIVITIES AND GRANTEES. 7 USC 1738k. "(a) ELIGIBLE ENTITIES.— Activities eligible to receive assistance through the framework agreements entered into under section 607, shall include— "(1) activities of the type described in the Global Environmental Protection Assistance Act of 1989 (22 U.S.C. 462), and— "(2) sigriculture-related activities, including those that provide for the biological prevention and control of animal and plant pests and diseases, to benefit the environment; and "(3) local community initiatives that promote conservation and sustainable use of the environment.

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