Contents
- (a) Purposes
- (b) Authorization of appropriations
- (c) Nonapplicability of other laws
- (d) Designation of Enterprise Funds1 change
- (e) Grants to Enterprise Funds1 change
- (f) Eligible programs and projects
- (g) Matters to be considered by Enterprise Funds
- (h) Retention of interest
- (i) Use of United States private venture capital
- (j) Financial instruments for individual investment in Poland
- (k) Nonapplicability of other laws
- (l) Limitation on payments to Enterprise Fund personnel1 change
- (m) Independent private audits
- (n) GAO audits1 change
- (o) Recordkeeping requirements
- (p) Annual reports
(l)
(1)No part of the funds of an Enterprise Fund shall inure to the benefit of any board member, officer, or employee of such Enterprise Fund, except as salary or reasonable compensation for services subject to paragraph (2).
(2)An Enterprise Fund shall not pay compensation for services to—
(A)any board member of the Enterprise Fund, except for services as a board member; or
(B)any firm, association, or entity in which a board member of the Enterprise Fund serves as partner, director, officer, or employee.
(3)Nothing in paragraph (2) shall preclude payment for services performed before the date of enactment of this subsection nor for arrangements approved by the grantor and notified in writing to the Committees on Appropriations.
United States Government work; public domain under 17 U.S.C. § 105.