Sec. 10. Authorization of appropriations

157 words·~1 min read·/bill/118/s/3207/is/section-10

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

There are authorized to be appropriated to the Foundation $100,000,000 for each of the fiscal years 2024 through 2033 to carry out this Act. Such funding shall be used as an additive investment vehicle that— independently leverages private investments; and does not duplicate existing United States Government investments. Amounts appropriated pursuant to subsection

(a)may only be made available to the Foundation to the extent the Foundation secures funding from sources other than the United States Government. Not later than 180 days after the date of the enactment of this Act, and before obligating any funds made available under this Act, the Executive Director, in coordination with the Secretary, shall consult with the Committee on Appropriations of the Senate , the Committee on Foreign Relations of the Senate , the Committee on Appropriations of the House of Representatives , and the Committee on Foreign Affairs of the House of Representatives regarding the proposed uses of such funds.