Local Currency Trust Fund Management

Functional Series 600 – Budget and Finance

Partial Revision Date: 06/27/2014
Responsible Office: M/CFO/FPS
File Name: 627_062714

Overview

Section 625(h) of the Foreign Assistance Act, as amended, authorizes USAID to enter into arrangements with foreign countries to share costs of performing functions or reimburse the U.S. Government.  Sec. 7026(a)(2)(B) of the FY 2012 Foreign Operations Appropriations Act, and its predecessor statutes, including section former section 609 of the FAA, authorize the use of host-country-owned local currency generations for the administrative expenses of the United States, which is normally accomplished through trust funds.  This ADS chapter gives the policies and procedures related to the financial management of local currency trust funds.