H. R. 2870—8
‘‘(6) Development and support of the livelihoods of individ-
uals living in or near a tropical forest in a manner consistent
with protecting such tropical forest.
‘‘(e) GRANT RECIPIENTS.—
‘‘(1) IN
GENERAL.—Grants made from a Fund shall be
made to—
‘‘(A) nongovernmental environmental, forestry, con-
servation, and indigenous peoples organizations of, or active
in, the beneficiary country;
‘‘(B) other appropriate local or regional entities of, or
active in, the beneficiary country; or
‘‘(C) in exceptional circumstances, the government of
the beneficiary country.
‘‘(2) PRIORITY.—In providing grants under paragraph (1),
priority shall be given to projects that are run by nongovern-
mental organizations and other private entities and that involve
local communities in their planning and execution.
‘‘(f) REVIEW
OF LARGER GRANTS.—Any grant of more than
$100,000 from a Fund shall be subject to veto by the Government
of the United States or the government of the beneficiary country.
‘‘(g) ELIGIBILITY CRITERIA.—In the event that a country ceases
to meet the eligibility requirements set forth in section 805(a),
as determined by the President pursuant to section 805(b), then
grants from the Fund for that country may only be made to non-
governmental organizations until such time as the President deter-
mines that such country meets the eligibility requirements set
forth in section 805(a).
‘‘SEC. 810. TROPICAL FOREST FUND.
‘‘(a) ESTABLISHMENT.—Each beneficiary country that enters into
a Tropical Forest Agreement under section 809 shall be required
to establish a Tropical Forest Fund to receive payments of interest
on new obligations undertaken by the beneficiary country under
this part.
‘‘(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 conditions apply to an Enterprise
for the Americas Fund under section 707 of this Act:
‘‘(1) The provision relating to deposits under subsection
(b) of such section.
‘‘(2) The provision relating to investments under subsection
(c) of such section.
‘‘(3) The provision relating to disbursements under
subsection (d) of such section.
‘‘SEC. 811. BOARD.
‘‘(a) ENTERPRISE FOR THE AMERICAS BOARD.—The Enterprise
for the Americas Board established under section 610(a) of the
Agricultural Trade Development and Assistance Act of 1954 (7
U.S.C. 1738i(a)) shall, in addition to carrying out the responsibilities
of the Board under section 610(c) of such Act, carry out the duties
described in subsection (c) of this section for the purposes of this
part.
‘‘(b) ADDITIONAL MEMBERSHIP.—
‘‘(1) IN GENERAL.—The Enterprise for the Americas Board
shall be composed of an additional four members appointed
by the President as follows:
H. R. 2870—9
‘‘(A) Two representatives from the United States
Government, including a representative of the Inter-
national Forestry Division of the United States Forest
Service.
‘‘(B) Two representatives from private nongovern-
mental environmental, scientific, forestry, or academic
organizations with experience and expertise in preserva-
tion, maintenance, sustainable uses, and restoration of
tropical forests.
‘‘(2) CHAIRPERSON.—Notwithstanding section 610(b)(2) of
the Agricultural Trade Development and Assistance Act of 1954
(7 U.S.C. 1738i(b)(2)), the Enterprise for the Americas Board
shall be headed by a chairperson who shall be appointed by
the President from among the representatives appointed under
section 610(b)(1)(A) of such Act or paragraph (1)(A) of this
subsection.
‘‘(c) DUTIES.—The duties described in this subsection are as
follows:
‘‘(1) Advise the Secretary of State on the negotiations of
Tropical Forest Agreements.
‘‘(2) Ensure, in consultation with—
‘‘(A) the government of the beneficiary country;
‘‘(B) nongovernmental organizations of the beneficiary
country;
‘‘(C) nongovernmental organizations of the region (if
appropriate);
‘‘(D) environmental, scientific, forestry, and academic
leaders of the beneficiary country; and
‘‘(E) environmental, scientific, forestry, and academic
leaders of the region (as appropriate),
that a suitable administering body is identified for each Fund.
‘‘(3) Review the programs, operations, and fiscal audits
of each administering body.
‘‘SEC. 812. CONSULTATIONS WITH THE CONGRESS.
‘‘The President shall consult with the appropriate congressional
committees on a periodic basis to review the operation of the Facility
under this part and the eligibility of countries for benefits from
the Facility under this part.
‘‘SEC. 813. ANNUAL REPORTS TO THE CONGRESS.
‘‘(a) IN GENERAL.—Not later than December 31 of each year,
the President shall prepare and transmit to the Congress an annual
report concerning the operation of the Facility for the prior fiscal
year. Such report shall include—
‘‘(1) a description of the activities undertaken by the
Facility during the previous fiscal year;
‘‘(2) a description of any Agreement entered into under
this part;
‘‘(3) a report on any Funds that have been established
under this part and on the operations of such Funds; and
‘‘(4) a description of any grants that have been provided
by administering bodies pursuant to Agreements under this
part.
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‘‘(b) SUPPLEMENTAL VIEWS IN ANNUAL REPORT.—Not later than
December 15 of each year, each member of the Board shall be
entitled to receive a copy of the report required under subsection
(a). Each member of the Board may prepare and submit supple-
mental views to the President on the implementation of this part
by December 31 for inclusion in the annual report when it is
transmitted to Congress pursuant to this section.’’.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.