22 U.S.C. § 283z — Proposal of light-capital or intermediate technologies as part of Bank’s development strategy

submitted 50 years ago by Pub. L. 86-147 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 157 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law directs the U.S. Executive Director of the Inter-American Development Bank to propose a strategy resolution. It would make light-capital or low-tech methods a major part of Bank strategy, used as soon as possible. The Governor must report to Congress on the proposal and its progress.

(a) Contents of proposed resolution The U.S. Executive Director of the Bank must propose to the Board of Executive Directors a resolution stating that light-capital or intermediate technologies should become a major part of the Bank's development strategy, and should be used in all Bank activities as soon as possible. The resolution must also say that by the end of calendar year 1977, some projects using mainly these technologies should be designed and approved. (b) Progress report to Congress The U.S. Governor of the Bank must report to Congress on this proposal no later than six months after May 31, 1976, and report on its progress no later than twelve months after that date.

the actual law source: uscode.house.gov ↗public domain

(a) Contents of proposed resolution

The United States Executive Director of the Bank shall propose to the Board of Executive Directors of the Bank the adoption of a resolution providing (1) that the development and utilization of light-capital or intermediate technologies should be accepted as major facets of the Bank’s development strategy, and (2) that such light-capital or intermediate technologies should be developed and utilized as soon as possible in all Bank activities. Such resolution shall further provide that, by the close of the calendar year 1977, some projects that employ primarily such light-capital or intermediate technologies shall be designed and approved.

(b) Progress report to Congress

The United States Governor of the Bank shall report to the Congress no later than six months after May 31, 1976, on the proposal made under subsection (a), and no later than twelve months after such date on the progress that has been made with respect to such proposal.

Source credit: (Pub. L. 86–147, § 28, formerly § 29, as added Pub. L. 94–302, title I, § 104, May 31, 1976, 90 Stat. 593; renumbered § 28, Pub. L. 96–259, title I, § 101(1), June 3, 1980, 94 Stat. 429.)

history & why it existsrecord from the source credit

1976Enacted · Pub. L. 86-147 · 90 Stat. 593
1980Amended · Pub. L. 96-259 · 94 Stat. 429

A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-147 on 1976-05-31.

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