Sec. 132. International Forest Foundation
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/bill/117/hr/2639/ih/section-132A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Administrator of the United States Agency for International Development may enter into an agreement with a non-profit organization to establish an International Forest Foundation (in this section referred to as the Foundation ), which shall not be an agency or instrumentality of the United States Government. The purposes of the Foundation shall be— to encourage, accept, and administer private gifts of money and of real and personal property for the benefit of, or in connection with, the activities and services carried out by the United States Agency for International Development to promote reforestation, afforestation, and the prevention of deforestation around the world; to use private funds to support, undertake, and conduct activities that further the goals established under section 101; and to undertake, conduct, and encourage educational, technical, and other assistance and other activities that support international goals to increase global carbon capture and storage through the promotion of healthy forests and responsible forest management.
The Administrator may authorize, pursuant to an agreement entered into in accordance with this section, the transfer of funds of the United States Agency for International Development to a nonprofit organization for the purpose of offsetting any administrative costs of the Foundation. The United States shall not be liable for any debts, defaults, acts, or omissions of the Foundation. The full faith and credit of the United States shall not extend to any obligations of the Foundation.