22 U.S.C. § 287g — Authorization of appropriations for loan to United Nations; restrictions on use of proceeds of loan

submitted 64 years ago by Pub. L. 87-731 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 75 words · no verdicts yet

in plain englishAI-generated · not legal advice

Congress authorized a $100,000,000 loan to the United Nations, with no time limit. The loan money can't be used to forgive members' overdue UN dues. It also can't be used to lower any member's regular or special assessments.

Congress authorized appropriating $100,000,000 to the President, with no fiscal-year deadline, out of money in the Treasury not already committed, for a loan to the United Nations. The loan's proceeds cannot be used to let UN members skip paying overdue UN assessments, and cannot be used to reduce any member's regular or special assessments.

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

There is hereby authorized to be appropriated to the President, without fiscal-year limitation, out of any money in the Treasury not otherwise appropriated, $100,000,000 for a loan to the United Nations. The proceeds of such loan shall not be used to relieve members of the United Nations of their obligation to pay arrearages on payments of any United Nations assessments, and shall not be used to reduce regular or special assessments against any such members.

Source credit: (Pub. L. 87–731, § 1, Oct. 2, 1962, 76 Stat. 695.)

history & why it existsrecord from the source credit

1962Enacted · Pub. L. 87-731 · 76 Stat. 695

A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-731 on 1962-10-02.

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