Title II — Grants for reforestation
II Grants for reforestation
Sec. 202 Forest protection programs
“467. Pilot program for Haiti
“(a) Submission of list of areas of severely degraded natural resources—The President, in cooperation with nongovernmental conservation organizations, shall invite the Government of Haiti to submit a list of areas within the territory of Haiti in which forests are seriously degraded or threatened.
“(b) Review of list—The President shall assess the lists submitted by the Government of Haiti under subsection (a) and shall seek to reach agreement with the Government of Haiti for the restoration and future sustainable use of those areas.
“(c) Grant program
“(1) Grants authorized—The President is authorized to make grants on such terms and conditions as may be necessary to nongovernmental organizations for the purchase on the open market of discounted debt of the Government of Haiti, if a market is determined to be viable, in exchange for commitments by the Government of Haiti to restore forests identified by the Government under subsection (a) or for commitments to develop plans for sustainable use of such forests.
“(2) Management of protected areas—Each recipient of a grant under this subsection shall participate in the ongoing management of the area or areas protected pursuant to such grant.
“(3) Matching of grant funds—Any United States funding provided to a nongovernmental organization for grant activities under this section shall be matched by an equal or greater amount of funding from the nongovernmental organization, which may include funding provided by other international donors, nongovernmental organizations, philanthropic bodies, corporations or other private entities, institutions of higher learning, or other non-United States Government sources.
“(4) Minimum country reforestation fund percentage—Not less than 85 percent of grant funds provided under this section shall be spent on actual reforestation activities in Haiti, which may include the protection of reforested areas.
“(5) Retention of proceeds—Notwithstanding any other provision of law, a grantee (or any subgrantee) of the grants referred to in section (a) may retain, without deposit in the Treasury of the United States and without further appropriation by Congress, interest earned on the proceeds of any resulting debt-for-nature exchange pending the disbursements of such proceeds and interest for approved program purposes, which may include the establishment of an endowment, the income of which is used for such purposes.
“(6) Termination of program—The authority to make grants under the pilot program shall terminate five years after the date of the enactment of this Act. The authority may be renewed for one additional five-year period during the 20-year reforestation period targeted by this Act if the President determines and certifies to Congress that the pilot program is effective in meeting the goals of the Act and the commitment of the Government of Haiti to returning land in Haiti to long-term sustainable forests. The cumulative duration of the pilot program may not exceed ten total years.”
“468. Pilot program for Armenia
“(a) Submission of list of areas of severely degraded natural resources—The President, in cooperation with nongovernmental conservation organizations, shall invite the Government of Armenia to submit a list of areas within the territory of Armenia in which forests are seriously degraded or threatened.
“(b) Review of list—The President shall assess the lists submitted by the Government of Armenia under subsection (a) and shall seek to reach agreement with the Government of Armenia for the restoration and future sustainable use of those areas.
“(c) Debt forgiveness agreement
“(1) Debt forgiveness—The President is authorized to forgive debt owed to the United States by the Government of Armenia in exchange for commitments by the Government of Armenia to restore forests identified by the Government under subsection (a) or for commitments to develop plans for sustainable use of such forests.
“(2) Management of protected areas—The Government of Armenia shall participate in the ongoing management of the area or areas protected pursuant to such debt relief.
“(3) Minimum country reforestation fund percentage—Not less than 85 percent of funds that qualify under a debt relief agreement under this section shall be spent on actual reforestation activities in Armenia, which may include the protection of reforested areas.
“(4) Termination of program—The authority to offer debt relief under the pilot program shall terminate five years after the date of the enactment of this Act. The authority may be renewed for 1 additional 5-year period during the 20-year reforestation period targeted by this Act if the President determines and certifies to Congress that the pilot program is effective in meeting the goals of the Act and the commitment of the Government of Armenia to returning land in Armenia to long-term sustainable forests. The cumulative duration of the pilot program may not exceed ten total years.”