Sec. 304. Administration
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The Executive Board should appoint an Administrator, who should be responsible for managing the day-to-day operations of the Fund. The Fund should be authorized to solicit and accept contributions from governments, the private sector, foundations, individuals, and nongovernmental entities. As part of the negotiations described in section 302(a), the Secretary of the State, consistent with subsection (d), shall— take such actions as are necessary to ensure that the Fund will have in effect adequate procedures and standards to account for and monitor the use of funds contributed to the Fund, including the cost of administering the Fund; and seek agreement on the criteria that should be used to determine the programs and activities that should be assisted by the Fund.
The Executive Board should establish— eligible partner country selection criteria, to include transparent metrics to measure and assess global health security and pandemic prevention and preparedness strengths and vulnerabilities in countries seeking assistance; minimum standards for ensuring eligible partner country ownership and commitment to long-term results, including requirements for domestic budgeting, resource mobilization, and co-investment; criteria for the selection of projects to receive support from the Fund; standards and criteria regarding qualifications of recipients of such support; such rules and procedures as may be necessary for cost-effective management of the Fund; and such rules and procedures as may be necessary to ensure transparency and accountability in the grant-making process.
The Secretary of State shall seek to ensure that— the Fund maintains an independent Office of the Inspector General; and such office has the requisite resources and capacity to regularly conduct and publish, on a publicly accessible website, rigorous financial, programmatic, and reporting audits and investigations of the Fund and its grantees. It is the sense of Congress that— corruption within global health programs contribute directly to the loss of human life and cannot be tolerated; and in making financial recoveries relating to a corrupt act or criminal conduct under a grant, as determined by the Inspector General, the responsible grant recipient should be assessed at a recovery rate of up to 150 percent of such loss.
The Secretary of State shall seek to ensure the Fund establishes, maintains, and makes publicly available a system to track the administrative and management costs of the Fund on a quarterly basis. The Secretary of State shall ensure that the Fund establishes, maintains, and makes publicly available a system to track the amount of funds disbursed to each grant recipient and sub-recipient during a grant’s fiscal cycle. The Secretary should ensure that the Fund adopts rules that condition grants upon agreement by the relevant national authorities in an eligible partner country to exempt from duties and taxes all products financed by such grants, including procurements by any principal or sub-recipient for the purpose of carrying out such grants.