Tropical Forest Conservation Reauthorization Act of 2018
AN ACT
To reauthorize the Tropical Forest Conservation Act of 1998 through fiscal year 2021, and for other purposes.
Sec. 2 Amendment to short title of Act to encompass modified scope
Sec. 3 Protection of tropical forests and coral reefs
“(10) Coral—The term coral means species of the phylum Cnidaria, including—
“(A) all species of the orders Antipatharia (black corals), Scleractinia (stony corals), Alcyonacea (soft corals), Gorgonacea (horny corals), Stolonifera (organpipe corals and others), and Coenothecalia (blue coral), of the class Anthoza; and
“(B) all species of the order Hydrocorallina (fire corals and hydrocorals) of the class Hydrozoa.
“(11) Coral reef—The term coral reef means any reef or shoal composed primarily of coral.
“(12) Coral reef ecosystem—The term coral reef ecosystem means any coral reef and any coastal marine ecosystem surrounding, or directly related to, a coral reef and important to maintaining the ecological integrity of that coral reef, such as seagrasses, mangroves, sandy seabed communities, and immediately adjacent coastal areas.”
Sec. 4 Change to name of facility
Sec. 5 Eligibility for benefits
“(1) whose government is democratically elected;
“(2) whose government has not repeatedly provided support for acts of international terrorism;
“(3) whose government is not failing to cooperate on international narcotics control matters;
“(4) whose government (including its military or other security forces) does not engage in a consistent pattern of gross violations of internationally recognized human rights;
“(5) that has in effect, has received approval for, or is making significant progress toward—
“(A) an International Monetary Fund standby arrangement, extended Fund arrangement, or an arrangement under the structural adjustment facility or enhanced structural adjustment facility, or a Fund monitored program, or is implementing sound macroeconomic policies, unless the President determines that such an arrangement or program could reasonably be expected to have significant adverse social or environmental effect; and
“(B) as appropriate, structural or sectoral adjustment loans from the International Bank for Reconstruction and Development or the International Development Association, unless the President determines that the resulting adjustment requirements could reasonably be expected to have significant adverse social or environmental effects;
“(6) if appropriate, has agreed with its commercial bank lenders on a satisfactory financing program, including, as appropriate, debt or debt service reduction; and”
Sec. 6 Reduction of debt owed to the United States as a result of credits extended under title I of Food for Peace Act
Sec. 7 United States Government representation on oversight bodies for grants from debt-for-nature swaps and debt buybacks
“(C) United States Government representation on the administering body—One or more individuals appointed by the United States Government shall serve in an official capacity on the administering body that oversees the implementation of grants arising from a debt-for-nature swap or debt buyback regardless of whether the United States is a party to any agreement between the eligible purchaser and the government of the beneficiary country.”
Sec. 8 Conservation agreements
“(f) Review of larger grants—Any grant of more than $250,000 from a Fund must be approved by the Government of the United States and the government of the beneficiary country.”
Sec. 9 Conservation Fund
Sec. 10 Changes to due dates of annual reports to Congress
Sec. 11 New authorization of appropriations for the reduction of debt and authorization for audit, evaluation, monitoring, and administration expenses
“(7) $20,000,000 for fiscal year 2019.
“(8) $20,000,000 for fiscal year 2020.”
“(e) Use of funds To conduct program audits, evaluations, monitoring, and administration—Of the amounts made available to carry out this part for a fiscal year, $300,000 is authorized to be made available to carry out audits, evaluations, monitoring, and administration of programs under this part, including personnel costs associated with such audits, evaluations, monitoring and administration.”