(ii) LIMITATION.—A member of the 
Board may not be paid compensation 
under clause (i)(II) for more than 90 days 
in any calendar year. 
SEC. 2303. DUTIES OF FOUNDATION. 
The Foundation shall— 
(1) use the funds authorized by this subtitle to 
make grants to promote projects outside of the 
United States that serve as models of how to signifi-
cantly reduce the emissions of global greenhouse 
gases through clean and efficient energy tech-
nologies, processes, and services; 
(2) seek contributions from foreign govern-
ments, especially those rich in energy resources such 
as member countries of the Organization of the Pe-
troleum Exporting Countries, and private organiza-
tions to supplement funds made available under this 
subtitle; 
(3) harness global expertise through collabo-
rative partnerships with foreign governments and 
domestic and foreign private actors, including non-
governmental organizations and private sector com-
panies, by leveraging public and private capital, 
technology, expertise, and services towards innova-
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tive models that can be instituted to reduce global 
greenhouse gas emissions; 
(4) create a repository of information on best 
practices and lessons learned on the utilization and 
implementation of clean and efficient energy tech-
nologies and processes to be used for future initia-
tives to tackle the climate change crisis; 
(5) be committed to minimizing administrative 
costs and to maximizing the availability of funds for 
grants under this subtitle; and 
(6) promote the use of American-made clean 
and efficient energy technologies, processes, and 
services. 
SEC. 2304. ANNUAL REPORT. 
(a) REPORT REQUIRED.—Not later than March 31, 
2008, and each March 31 thereafter, the Foundation shall 
submit to the appropriate congressional committees a re-
port on the implementation of this subtitle during the 
prior fiscal year. 
(b) CONTENTS.—The report required by subsection 
(a) shall include— 
(1) the total financial resources available to the 
Foundation during the year, including appropriated 
funds, the value and source of any gifts or donations 
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accepted pursuant to section 2305(a)(6), and any 
other resources; 
(2) a description of the Board’s policy priorities 
for the year and the basis upon which competitive 
grant proposals were solicited and awarded to non-
governmental institutions and other organizations; 
(3) a list of grants made to nongovernmental 
institutions and other organizations that includes 
the identity of the institutional recipient, the dollar 
amount, and the results of the program; and 
(4) the total administrative and operating ex-
penses of the Foundation for the year, as well as 
specific information on— 
(A) the number of Foundation employees 
and the cost of compensation for Board mem-
bers, Foundation employees, and personal serv-
ice contractors; 
(B) costs associated with securing the use 
of real property for carrying out the functions 
of the Foundation; 
(C) total travel expenses incurred by Board 
members and Foundation employees in connec-
tion with Foundation activities; and 
(D) total representational expenses. 
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