NATIONAL FISH AND WILDLIFE FOUNDATION.

SEC. 304. NATIONAL FISH AND WILDLIFE FOUNDATION. Beginning in fiscal year 1993 and hereafter, the National Fish and Wildlife Foundation may continue to draw down Federal funds when matching requirements have been met: Provided, That interest earned by the Foundation and its subgrantees on funds drawn down to date, but not immediately disbursed, shall be used to fund all activities as approved by the Board of Directors: Provided further,That the Foundation’s subgrantees shall be exempt from the audit reporting and compliance requirements of 0MB Circular A–133, for all grants of $100,000 or less. The Foundation shall amend its grant contracts to ensure that its subgrantees are advised and certify that they will comply with all applicable Federal laws and regulations imposed on individuals or organizations receiving Federal funds.