§ 2282. Assistance for commercial debt exchanges

188 words·~1 min read·/usc/title-22/section-2282

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The Administrator of the Agency for International Development is authorized to furnish assistance, in the form of grants on such terms and conditions as may be necessary, to nongovernmental organizations for the purchase on the open market of discounted commercial debt of a foreign government of an eligible country which will be canceled or redeemed under the terms of an agreement with that government as part of a debt-for-nature exchange.

(b)Notwithstanding any other provision of law, a grantee (or any subgrantee) of the grants referred to in subsection

(a)may retain, without deposit in the Treasury of the United States and without further appropriation by Congress, interest earned on the proceeds of any resulting debt-for-nature exchange pending the disbursements of such proceeds and interest for approved program purposes, which may include the establishment of an endowment, the income of which is used for such purposes.

(Pub. L. 87–195, pt. I, § 462 [472], as added Pub. L. 101–240, title VII, § 711, Dec. 19, 1989, 103 Stat. 2521.)

Connections2 cite this · traces to 1

Cited by 2 sections

U.S. Code

§ 2272
Conditions on furnishing assistance

statutes-at-large

Public Law 101–240
To reauthorize the Export-Import Bank tied aid credit fund and pilot interest subsidy program, to provide for the participation of the United States in a replenishment of the Inter-American Development Bank and in the Enhanced Structural Adjustment Facility of the International Monetary Fund, to imp

Traces to 1 document

U.S. Code

Conditions on furnishing assistance
§ 2272

4 references not yet in our index

Pub. L. 87–195
Pub. L. 101–240, title VII, § 711
103 Stat. 2521
section 462 of Pub. L. 87–195

Citation graph

cites case law

§ 2282

Assistance for commercial debt exchanges

Stat.×1

U.S.C.×1

U.S.C.§ 2272

Pub. L.Pub. L. 87–195

Pub. L.Pub. L. 101–240, title VII, § 711

Stat.103 Stat. 2521

Pub. L.section 462 of Pub. L. 87–195

Cites 5Cited by 2 across 2 sources