§2609. Theater Missile Defense: acceptance of contributions from allies; Theater Missile Defense Cooperation Account

(a) Acceptance Authority.-The Secretary of Defense may accept from any allied foreign government or any international organization any contribution of money made by such foreign government or international organization for use by the Department of Defense for Theater Missile Defense programs.

(b) Establishment of Theater Missile Defense Cooperation Account.-(1) There is established in the Treasury a special account to be known as the "Theater Missile Defense Cooperation Account".

(2) Contributions accepted by the Secretary of Defense under subsection (a) shall be credited to the Account.

(c) Use of the Account.-Funds in the Account are hereby made available for obligation for research, development, test, and evaluation, and for procurement, for Theater Missile Defense programs of the Department of Defense.

(d) Investment of Money.-(1) Upon request by the Secretary of Defense, the Secretary of the Treasury may invest money in the Account in securities of the United States or in securities guaranteed as to principal and interest by the United States.

(2) Any interest or other income that accrues from investment in securities referred to in paragraph (1) shall be deposited to the credit of the Account.

(e) Notification of Conditions.-The Secretary of Defense shall notify Congress of any condition imposed by the donor on the use of any contribution accepted by the Secretary under the authority of this section.

(f) Annual Audit by GAO.-The Comptroller General of the United States shall conduct an annual audit of money accepted by the Secretary of Defense under this section and shall submit a copy of the results of each such audit to Congress.

(g) Regulations.-The Secretary of Defense shall prescribe regulations to carry out this section.

(Added Pub. L. 103–160, div. A, title II, §242(f)(1), Nov. 30, 1993, 107 Stat. 1605 .)