1. (a) Establishment Each beneficiary country that enters into a Conservation Agreement under section 2431g of this title shall be required to establish a Conservation Fund to receive payments of interest and principal on new obligations undertaken by the beneficiary country under this subchapter.

2. (b) Requirements relating to operation of Fund The following terms and conditions shall apply to the Fund in the same manner as such terms as ¹ conditions apply to an Enterprise for the Americas Fund under section 2430f of this title:

   1. (1) The provision relating to deposits under subsection (b) of such section.
   2. (2) The provision relating to investments under subsection (c) of such section.
   3. (3) The provision relating to disbursements under subsection (d) of such section.

(Pub. L. 87–195, pt. V, § 810, as added Pub. L. 105–214, § 1, July 29, 1998, 112 Stat. 892; amended Pub. L. 108–323, § 3(c), Oct. 6, 2004, 118 Stat. 1219; Pub. L. 115–440, § 9(a), Jan. 14, 2019, 132 Stat. 5584.)

Editorial Notes

Amendments

2019—Pub. L. 115–440, § 9(a)(1), substituted “Conservation Fund” for “Tropical Forest Fund” in section catchline.

Subsec. (a). Pub. L. 115–440, § 9(a)(2), substituted “Conservation Agreement” for “Tropical Forest Agreement” and “Conservation Fund” for “Tropical Forest Fund”.

2004—Subsec. (a). Pub. L. 108–323 inserted “and principal” after “interest”.

¹ So in original. Probably should be “and”.