2013 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 2286 - Pilot program for sub-Saharan Africa
| Publication Title | United States Code, 2012 Edition, Supplement 1, 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. 2286 - Pilot program for sub-Saharan Africa |
| Contains | section 2286 |
| Date | 2013 |
| Laws in Effect as of Date | January 16, 2014 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 87-195, pt. I, §466 [476], as added Pub. L. 101-240, title VII, §711, Dec. 19, 1989, 103 Stat. 2523. |
| Statutes at Large Reference | 103 Stat. 2523 |
| Public Law References | Public Law 87-195, Public Law 101-240 |
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The Administrator of the Agency for International Development, in cooperation with nongovernmental conservation organizations, shall invite the government of each country in sub-Saharan Africa to submit a list of those areas of severely degraded national resources which threaten human survival and well-being and the opportunity for future economic growth or those areas of biological or ecological importance within the territory of that country.
(b) Assessment of list; agreement for future use of areasThe Administrator of the Agency for International Development shall assess the list submitted by each country under subsection (a) of this section and shall seek to reach agreement with the host country for the restoration and future sustainable use of those areas.
(c) Grants for purchase of discounted commercial debt on open market; retention of interest by grantee(1) The Administrator of the Agency for International Development is authorized to make 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 sub-Saharan country in exchange for commitments by that government to restore natural resources identified by the host country under subsection (a) of this section or for commitments to develop plans for sustainable use of such resources.
(2) Notwithstanding any other provision of law, a grantee (or any subgrantee) of the grants referred to in section (a) 1 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, §466 [476], as added Pub. L. 101–240, title VII, §711, Dec. 19, 1989, 103 Stat. 2523.)
CODIFICATIONAnother section 466 of Pub. L. 87–195 is classified to section 2276 of this title.
1 So in original. Probably should be "paragraph (1)".
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