12 2 STA T . 1 836PUBLIC LA W 11 0– 2 4 6 —J U NE 18 , 2008 ‘ ‘ (1)INGE NE RAL.—TheS e cr e ta r ys ha l l p r ovid e f or the m a n a g ement of eligi b le commodities and f u nds held in the trust in a manner that is consistent w ith ma x imi z ing the value of the trust , as determined by the Secretary. ‘‘( 2 ) E L I GI B LE COM MO D I T IE S .—The Secretary shall provide— ’ ’
( C ) in paragraph (2) (as redesignated by subparagraph ( B ))— (i) in subparagraph (B) (as redesignated by subparagraph ( A )), by stri k ing ‘‘and’’ at the end; and (ii) in subparagraph (C) (as redesignated by subparagraph (A)), by striking the period at the end and inserting ‘‘; and’’; and ( D ) by adding at the end the following
‘‘( 3 ) FU NDS.— ‘‘(A) E X C H ANGES.—If any commodity held in the trust is exchanged for funds under subsection (b)(1)(D)(ii), the funds shall be held in the trust until the date on which the funds are released in the case of an emergency under subsection (c). ‘‘(B) IN V ESTMENT.—The Secretary may invest funds held in the trust in any short - term obligation of the U nited States or any other low-risk short-term instrument or secu- rity insured by the Federal G overnment in which a regu- lated insurance company may invest under the laws of the District of Columbia.’’; and ( 5 ) in subsection (h), in each of paragraphs (1) and (2), by striking ‘‘2 0 0 7 ’’ each place it appears and inserting ‘‘2012’’. SEC.320 2. GLOBA LC R O PDIV ERSI TY TR U ST. (a) CONTRIBUTION.—The Administrator of the United States Agency for International Development shall contribute funds to endow the Global Crop Diversity Trust (referred to in this section as the ‘‘Trust’’) to assist in the conservation of genetic diversity in food crops through the collection and storage of the germplasm of food crops in a manner that provides for— (1) the maintenance and storage of seed collections; (2) the documentation and cataloguing of the genetics and characteristics of conserved seeds to ensure efficient reference for researchers, plant breeders, and the public; (3) building the capacity of seed collection in developing countries; ( 4 ) making information regarding crop genetic data publicly available for researchers, plant breeders, and the public (including through the provision of an accessible Internet website); (5) the operation and maintenance of a back-up facility in which are stored duplicate samples of seeds, in the case of natural or man-made disasters; and ( 6 ) oversight designed to ensure international coordination of those actions and efficient, public accessibility to that diver- sity through a cost-effective system. (b) UNITED STATES CONTRIBUTION L IMIT.—The aggregate con- tributions of funds of the Federal Government provided to the Trust shall not exceed 25 percent of the total amount of funds contributed to the Trust from all sources. 2 2 USC 222 0anote.
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