2019 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 32 - Foreign Assistance
Subchapter I - International Development
Part VII - Debt-for-Nature Exchanges
Sec. 2281 - "Debt-for-nature exchange" defined
| 22 U.S.C. § 2281 (2019) |
| §2281. "Debt-for-nature exchange" defined |
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For purpose of this part, the term "debt-for-nature exchange" means the cancellation or redemption of the foreign debt of the government of a country in exchange for— (1) that government's making available local currencies (including through the issuance of bonds) which are used only for eligible projects involving the conservation or protection of the environment in that country (as described in section 2283 of this title); or (2) that government's financial resource or policy commitment to take certain specified actions to ensure the restoration, protection, or sustainable use of natural resources within that country; or (3) a combination of assets and actions under both paragraphs (1) and (2). |
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(Pub. L. 87–195, pt. I, §461 [471], as added Pub. L. 101–240, title VII, §711, Dec. 19, 1989, 103 Stat. 2521.) |
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REFERENCES IN TEXT
Section 2283 of this title, referred to in par. (1), was in the original "section 463", meaning section 463 of Pub. L. 87–195, which has been translated as meaning section 463 of Pub. L. 87–195 relating to eligible projects rather than section 463 of Pub. L. 87–195, relating to the peace process in Central America, which is classified to section 2273 of this title. CODIFICATIONAnother section 461 of Pub. L. 87–195 is classified to section 2271 of this title. PRIOR PROVISIONSA prior section 2281, Pub. L. 87–195, pt. I, §471, as added Pub. L. 89–583, pt. I, §110, Sept. 19, 1966, 80 Stat. 802, related to agreements with less developed countries for establishment of Joint Commissions on Rural Development, prior to repeal by Pub. L. 95–424, title VI, §604, Oct. 6, 1978, 92 Stat. 961, effective Oct. 1, 1978. |
| United States Code, 2018 Edition, Supplement 1, Title 22 - FOREIGN RELATIONS AND INTERCOURSE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 22 - FOREIGN RELATIONS AND INTERCOURSE CHAPTER 32 - FOREIGN ASSISTANCE SUBCHAPTER I - INTERNATIONAL DEVELOPMENT Part VII - Debt-for-Nature Exchanges Sec. 2281 - Debt-for-nature exchange" defined |
| section 2281 |
| 2019 |
| January 24, 2020 |
| No |
| standard |
| 80 Stat. 802 92 Stat. 961 103 Stat. 2521 |
| Public Law 87-195, Public Law 89-583, Public Law 95-424, Public Law 101-240 |
