2012 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 32 - FOREIGN ASSISTANCE (§§ 2151 - 2443)
Subchapter I - INTERNATIONAL DEVELOPMENT (§§ 2151 - 2296f)
Part VII - Debt-for-Nature Exchanges (§§ 2281 - 2286)
Section 2282 - Assistance for commercial debt exchanges
| Publication Title | United States Code, 2012 Edition, Title 22 - FOREIGN RELATIONS AND INTERCOURSE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 22 - FOREIGN RELATIONS AND INTERCOURSE CHAPTER 32 - FOREIGN ASSISTANCE SUBCHAPTER I - INTERNATIONAL DEVELOPMENT Part VII - Debt-for-Nature Exchanges Sec. 2282 - Assistance for commercial debt exchanges |
| Contains | section 2282 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 87-195, pt. I, §462 [472], as added Pub. L. 101-240, title VII, §711, Dec. 19, 1989, 103 Stat. 2521. |
| Statutes at Large Reference | 103 Stat. 2521 |
| Public Law References | Public Law 87-195, Public Law 101-240 |
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(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) of this section 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.)
CodificationAnother section 462 of Pub. L. 87–195 is classified to section 2272 of this title.
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