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Code · STATUTE-COMPILATIONS · promote the foreign policy, security, and general welfare of the United States by assisting peoples of the world in their efforts toward economic development and internal and external security, and fo · Sec. 707

Sec. 707. ENTERPRISE FOR THE AMERICAS FUNDS

132 words·~1 min read·/statute-compilations/comps-1071/sec-707

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## SEC. 707 ENTERPRISE FOR THE AMERICAS FUNDS **[**[22 U.S.C. 2430f](/us/usc/t22/s2430f)**]** ###
(a)Establishment Each beneficiary country that enters into an Americas Framework Agreement shall be required to establish an Enterprise for the Americas Fund to receive payments in local currency pursuant to section 706(b)(1). ###
(b)Deposits Local currencies deposited in an Americas Fund shall not be considered assistance for purposes of any provision of law limiting assistance to a country. ###
(c)Investment Deposits made in an Americas Fund shall be invested until disbursed. Any return on such investment may be retained by the Americas Fund, without deposit in the Treasury of the United States and without further appropriation by the Congress. ###
(d)Disbursements Funds in an Americas Fund shall be disbursed only pursuant to an Americas Framework Agreement.
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Sec. 707
ENTERPRISE FOR THE AMERICAS FUNDS
U.S.C.§ 2430f
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