22 U.S.C. § 2430d — Repayment of principal
submitted 34 years ago by Pub. L. 87-195 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 57 words · no verdicts yet
The principal of each new obligation issued under the debt-reduction process must be repaid in U.S. dollars. Those repayments must go into the U.S. Government account used for principal repayments on the exchanged obligations.
(a) Currency of payment. The principal amount of every new obligation issued under section 2430c(b) of this title must be repaid in U.S. dollars.
(b) Deposit of payments. Principal repayments on new obligations must be deposited in the U.S. Government account established for principal repayments on the obligations exchanged for those new obligations.
The principal amount of each new obligation issued pursuant to section 2430c(b) of this title shall be repaid in United States dollars.
Principal repayments of new obligations shall be deposited in the United States Government account established for principal repayments of the obligations for which those obligations were exchanged.
Source credit: (Pub. L. 87–195, pt. IV, § 705, as added Pub. L. 102–549, title VI, § 602(a), Oct. 28, 1992, 106 Stat. 3666.)
- 1992Enacted · Pub. L. 87-195 · 106 Stat. 3666
A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-195 on 1992-10-28.
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