22 U.S.C. § 2185 — Trade credit insurance program for Poland

(a)(1) The President may guarantee the Bank's liabilities described in paragraph (2) so the Bank has the reasonable assurance of repayment required by the Export-Import Bank Act of 1945.

(a)(2) The liabilities are those the Bank incurs for guarantees or insurance under that Act for financing exports of goods and services for private-sector use in Poland.

(b) These guarantees cover only short-term Bank guarantees and insurance repayable within one year after the covered goods and services arrive at the import port.

(c) The Bank must provide the guaranteed guarantees or insurance under criteria and procedures agreed on by the Administrator and the Bank.

(d) That agreement must establish a reserve fund maintained by the administering agency. The Administrator may make funds available to the reserve as necessary to pay liabilities under subsection (a) guarantees.

(e)(1) From funds made available for part IV of subchapter II of this chapter, the President may make amounts available to pay liabilities under subsection (a) guarantees.

(e)(2) If those amounts are paid on a claim arising from a guaranteed liability, amounts later received on that claim must be credited to the reserve fund, combined with it, and used for payments by the Administrator to the Bank for subsection (a) guarantees.

(f) Guarantee commitments are authorized only to the extent and in the amounts provided in advance in appropriations Acts.

(g) Outstanding commitments may not exceed $200 million in contingent liability for loan principal in any fiscal year.

(h) Omitted.

(i) The Bank must provide, without reimbursement, administrative and technical assistance that the Bank and Administrator consider appropriate to help the administering agency carry out this section.

(j) The Bank may charge fees and premiums for guarantees or insurance guaranteed under subsection (a). In the Bank's judgment, they must match the Bank's administrative costs and the risks covered by the agency guarantees. Amounts received above the Bank's estimated administration costs must be credited to the reserve fund, combined with it, and used for the Administrator's payments to the Bank.

(k) Restrictions on using foreign-assistance funds for assistance to Poland do not apply to funds made available for this section.

(l) The President may not enter a subsection (a) guarantee commitment after September 30, 1992.

(m) In this section, “administering agency” means the Agency for International Development; “Administrator” means its Administrator; and “Bank” means the Export-Import Bank of the United States. This section does not define any other quoted term.