Page:United States Statutes at Large Volume 94 Part 3.djvu/509

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PUBLIC LAW 96-000—MMMM. DD, 1980

PUBLIC LAW 96-533—DEC. 16, 1980

94 STAT. 3153

(D) the procurement of such technical or other assistance as is deemed appropriate by the recipient of such grant, loan, or guarantee, to carry out the purposes of this title; and (E) other projects that would carry out the purposes set forth in section 504. (2) The total amount of grants, loans, and loan guarantees that may be made under this section for a project may not exceed $250,000. (3) The Foundation may disseminate to the American public and to United States and multilateral development institutions insights gained from African development projects assisted under this title. (b) In making grants, loans, and loan guarantees under subsection (a), the Foundation shall give priority to projects which community groups undertake to foster their own development and in the initiation, design, implementation, and evaluation of which there is the maximum feasible participation of the poor. Where appropriate and in keeping with the purposes of this title, the Foundation may make such grants, logins, and loan guarantees to African entities which are representative and knowledgeable of, and sensitive to, the needs and aspirations of the poor and which would disburse funds acquired under such grants, loans, and loan guarantees to other African entities to ceirry out the purposes of this title. POWERS

SEC. 506. (a) The Foundation, as a corporation— 22 USC 290h-4. (1) shall have perpetual succession unless dissolved by an Act of Congress; (2) may sue and be sued, complain, and defend, in its corporate name in any court of competent jurisdiction; (3) may adopt, alter, and use a seal, which shall be judicially noticed; (4) may prescribe, amend, and repeal such rules and regulations as may be necessary for carrying out the functions of the Foundation; (5) may make and perform such contracts and other agreements with any individual, corporation, or other private or public entity however designated and wherever situated, as may be necessary for carrying out the functions of the Foundation; (6) may determine and prescribe the manner in which its obligations shall be incurred and its expenses allowed and paid, including expenses for representation not exceeding $10,000 in anyfiscalyear; (7) may, as necessary for carrying out the functions of the Foundation, employ and fix the compensation of not to exceed the following number of persons at any one time: 25 during the fiscal year 1981,50 during the fiscal year 1982, and 75 thereafter; (8) may lease, purchase, or otherwise acquire, own, hold, improve, use, or otherwise deal in and with such property (real, personal, or mixed) or any interest therein, wherever situated, as may be necessary for carrying out the functions of the Foundation; (9) may accept gifts or donations of services or of property (real, personal, or mixed), tangible or intangible, in furtherance of the purposes of this title; (10) may use the United States mails in the same manner and on the same conditions as the executive departments of the Government;