2014 US Code
Title 12 - Banks and Banking (Sections 1 - 5710)
Chapter 6A - Export-Import Bank of the United States (Sections 635 - 635t)
Subchapter III - Tied Aid Credit Export Subsidies (Sections 635o - 635t)
Sec. 635t - Definitions
Publication Title | United States Code, 2012 Edition, Supplement 2, Title 12 - BANKS AND BANKING |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 12 - BANKS AND BANKING CHAPTER 6A - EXPORT-IMPORT BANK OF THE UNITED STATES SUBCHAPTER III - TIED AID CREDIT EXPORT SUBSIDIES Sec. 635t - Definitions |
Contains | section 635t |
Date | 2014 |
Laws In Effect As Of Date | January 5, 2015 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 98-181, title I [title VI, §647], Nov. 30, 1983, 97 Stat. 1265. |
Statutes at Large Reference | 97 Stat. 1265 |
Public and Private Law | Public Law 98-181 |
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For purposes of this subchapter—
(1) the term "tied aid credit" means credit—
(A) which is provided for development aid purposes;
(B) which is tied to the purchase of exports from the country granting the credit;
(C) which is financed either exclusively from public funds, or, as a mixed credit, partly from public and partly from private funds; and
(D) which has a grant element, as defined by the Development Assistance Committee of the Organization for Economic Cooperation and Development, greater than zero percent;
(2) the term "government-mixed credits" means the combined use of credits, insurance, and guarantees offered by the Export-Import Bank of the United States with concessional financing or grants offered by the Agency for International Development to finance exports;
(3) the term "public-private cofinancing" means the combined use of either official development assistance or official export credit with private commercial credit to finance exports;
(4) the term "blending of financings" means the use of various combinations of official development assistance, official export credit, and private commercial credit, integrated into a single package with a single set of financial terms, to finance exports;
(5) the term "parallel financing" means the related use of various combinations of separate lines of official development assistance, official export credits, and private commercial credit, not combined into a single package with a single set of financial terms, to finance exports; and
(6) the term "Bank" means the Export-Import Bank of the United States.
(Pub. L. 98–181, title I [title VI, §647], Nov. 30, 1983, 97 Stat. 1265.)
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