7 U.S.C. § 1723 : US Code - Section 1723: Generation and use of currencies by private voluntary organizations and cooperatives

Search 7 U.S.C. § 1723 : US Code - Section 1723: Generation and use of currencies by private voluntary organizations and cooperatives

(a) Local sale and barter of commodities
An agreement entered into between the Administrator and a private
voluntary organization or cooperative to provide food assistance
through such organization or cooperative under this subchapter may
provide for the sale or barter in 1 or more recipient countries, or
1 or more countries in the same region, of the commodities to be
provided under such agreement.
(b) Minimum level of local sales
In carrying out agreements of the type referred to in subsection
(a) of this section, the Administrator shall permit private
voluntary organizations and cooperatives to sell, 1 (!1) or more
recipient countries, or in 1 or more countries in the same region,
an amount of commodities equal to not less than 15 percent of the
aggregate amounts of all commodities distributed under non-
emergency programs under this subchapter for each fiscal year, to
generate proceeds to be used as provided in this section.
(c) Description of intended uses
A private voluntary organization or cooperative submitting a
proposal to enter into a non-emergency food assistance agreement
under this subchapter shall include in such proposal a description
of the intended uses of any proceeds that may be generated through
the sale, in 1 or more recipient countries, or in 1 or more
countries in the same region, of any commodities provided under an
agreement entered into between the Administrator and the
organization or cooperative.
(d) Use
Proceeds generated from any partial or full sale or barter of
commodities by a private voluntary organization or cooperative
under a non-emergency food assistance agreement under this
subchapter may - 
(1) be used to transport, store, distribute, and otherwise
enhance the effectiveness of the use of agricultural commodities
provided under this subchapter;
(2) be used to implement income-generating, community
development, health, nutrition, cooperative development,
agricultural, and other developmental activities within 1 or more
recipient countries or within 1 or more countries in the same
region; or
(3) be invested, and any interest earned on such investment may
be used, for the purposes for which the assistance was provided
to that organization, without further appropriation by Congress.