Sec. 1016. Innovation Fund
149 words·~1 min read·
/bill/113/hr/1793/ih/section-1016·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Administrator is authorized to establish a fund to support innovative projects and evidence-based solutions that may be tested, replicated, and scaled up in partner countries to significantly improve development outcomes. The Administrator is authorized— to transfer to the fund up to $50,000,000 of amounts made available for a fiscal year under section 1015, which may be used notwithstanding any other provision of law; and to accept contributions to the fund from foundations, corporations, and educational and nongovernmental organizations.
A detailed description of all obligations and expenditures from the fund shall be made publicly available on the Internet website of the Agency, including a description of amounts, beneficiaries, locations, and intended purposes, at the time the obligation or expenditure is made. Each project supported by the fund shall be independently evaluated, and the results and lessons learned shall be made publicly available on the Internet website of the Agency.