42 U.S.C. § 13388 : US Code - Section 13388: Global Climate Change Response Fund

Search 42 U.S.C. § 13388 : US Code - Section 13388: Global Climate Change Response Fund

(a) Establishment of Fund
The Secretary of the Treasury, in consultation with the Secretary
of State, shall establish a Global Climate Change Response Fund to
act as a mechanism for United States contributions to assist global
efforts in mitigating and adapting to global climate change.
(b) Restrictions on deposits
No deposits shall be made to the Global Climate Change Response
Fund until the United States has ratified the United Nations
Framework Convention on Climate Change.
(c) Use of Fund
Moneys deposited into the Fund shall be used by the President, to
the extent authorized and appropriated under section 2222 of title
22, solely for contributions to a financial mechanism negotiated
pursuant to the United Nations Framework Convention on Climate
Change, including all protocols or agreements related thereto.
(d) Authorization of appropriations
There are authorized to be appropriated for deposit in the Fund
to carry out the purposes of this section, $50,000,000 for fiscal
year 1994 and such sums as may be necessary for fiscal years 1995
and 1996.