22 U.S.C. § 2430f — Enterprise for the Americas Funds
submitted 34 years ago by Pub. L. 87-195 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 121 words · no verdicts yet
Each beneficiary country that enters an Americas Framework Agreement must establish an Americas Fund for local-currency interest payments. Deposits are not treated as country assistance, must be invested until disbursed, and may be disbursed only under the agreement.
(a) Establishment. Each beneficiary country* that enters an Americas Framework Agreement* must establish an Enterprise for the Americas Fund* to receive local-currency payments under section 2430e(b)(1) of this title.
(b) Deposits. Local-currency deposits in an Americas Fund are not considered assistance for a law that limits assistance to a country.
(c) Investment. Deposits in an Americas Fund must be invested until they are disbursed. The Fund may keep investment returns without depositing them in the U.S. Treasury and without further congressional appropriation.
(d) Disbursements. Money in an Americas Fund may be disbursed only under an Americas Framework Agreement.
Each beneficiary country* that enters into an Americas Framework Agreement* shall be required to establish an Enterprise for the Americas Fund* to receive payments in local currency pursuant to section 2430e(b)(1) of this title.
Local currencies deposited in an Americas Fund shall not be considered assistance for purposes of any provision of law limiting assistance to a country.
Deposits made in an Americas Fund shall be invested until disbursed. Any return on such investment may be retained by the Americas Fund, without deposit in the Treasury of the United States and without further appropriation by the Congress.
Funds in an Americas Fund shall be disbursed only pursuant to an Americas Framework Agreement.
Source credit: (Pub. L. 87–195, pt. IV, § 707, 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.
all 0 arguments · sorted by: best
no arguments yet — make the first case