2016 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 32 - Foreign Assistance
Subchapter III-A - Enterprise for the Americas Initiative
Sec. 2430f - Enterprise for the Americas Funds

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Citation 22 U.S.C. § 2430f (2016)
Section Name §2430f. Enterprise for the Americas Funds
Section Text (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 2430e(b)(1) of this title.

(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.

Source Credit

(Pub. L. 87–195, pt. IV, §707, as added Pub. L. 102–549, title VI, §602(a), Oct. 28, 1992, 106 Stat. 3666.)

Editorial Notes PRIOR PROVISIONS

A prior section 707 of Pub. L. 87–195, pt. IV, Sept. 4, 1961, 75 Stat. 464, amended section 1783 of this title, prior to repeal by Pub. L. 87–565, pt. IV, §401, Aug. 1, 1962, 76 Stat. 263, except insofar as section 707 affected section 1783.

Publication Title United States Code, 2012 Edition, Supplement 4, 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 III-A - ENTERPRISE FOR THE AMERICAS INITIATIVE
Sec. 2430f - Enterprise for the Americas Funds
Contains section 2430f
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large References 75 Stat. 464
76 Stat. 263
106 Stat. 3666
Public Law References Public Law 87-195, Public Law 87-565, Public Law 102-549
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