; and (2) seek to reach an agreement with the Government of Haiti to assist with the restoration and future sustainable use of such areas. (c) Grant program (1) Grants authorized The President is authorized to award grants to nongovernmental organizations, on such terms and conditions as may be necessary, 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— (A) to restore forests identified pursuant to subsection (a); or (B) 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 under this subsection should be matched by an equal or greater amount of funding from the nongovernmental organization. Such matching funds may include funding provided by other international donors, nongovernmental organizations, philanthropic bodies, corporations or other private entities, institutions of higher learning, the Government of Haiti, or other non-United States Government sources. (4) Minimum country reforestation fund percentage Not less than 85 percent of grant funds provided under this subsection 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) under this subsection may retain, without deposit in the Treasury of the United States and without further appropriation by Congress— (A) interest earned on the proceeds of any resulting debt-for-nature exchange pending the disbursements of such proceeds