12 U.S.C. § 635s — Implementation
submitted 43 years ago by Pub. L. 98-181 to r/title-12-BANKS-AND-BANKING · 132 words · no verdicts yet
This section assigns the National Advisory Council on International Monetary and Financial Policies responsibility for coordinating the tied-aid-credit programs. It requires unanimous Council approval and gives the Trade and Development Agency a voting representative on tied-aid matters.
(a) (1) The National Advisory Council on International Monetary and Financial Policies must coordinate implementation of the tied-aid-credit* programs authorized by sections 635q and 635r. (2) Financing under either program may not be approved without the unanimous consent of the Council’s members. (b) The Trade and Development Agency must be represented at every Council meeting where tied-aid-credit matters are discussed. At such a meeting, the Agency’s representative has the right to vote on every Council decision about tied-aid-credit matters.
The National Advisory Council on International Monetary and Financial Policies shall coordinate the implementation of the tied aid credit* programs authorized by sections 635q and 635r of this title.
No financing may be approved under the tied aid credit* programs authorized by section 635q or 635r of this title without the unanimous consent of the members of the National Advisory Council on International Monetary and Financial Policies.
The Trade and Development Agency shall be represented at any meetings of the National Advisory Council on International Monetary and Financial Policies for discussion of tied aid credit matters, and the representative of the Trade and Development Agency at any such meeting shall have the right to vote on any decisions of the Advisory Council relating to tied aid credit matters.
Source credit: (Pub. L. 98–181, title I [title VI, § 646], Nov. 30, 1983, 97 Stat. 1265; Pub. L. 100–418, title II, § 2204(c)(2), Aug. 23, 1988, 102 Stat. 1331; Pub. L. 102–549, title II, § 202(c)(1), Oct. 28, 1992, 106 Stat. 3658.)
- 1983Enacted · Pub. L. 98-181 · 97 Stat. 1265
- 1988Amended · Pub. L. 100-418 · 102 Stat. 1331
- 1992Amended · Pub. L. 102-549 · 106 Stat. 3658
A history note hasn’t been published yet. The record shows enactment by Pub. L. 98-181 on 1983-11-30.
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