22 U.S.C. § 287i — Deduction of principal and interest from annual payment of assessed share of United States of budget

submitted 64 years ago by Pub. L. 87-731 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 54 words · no verdicts yet

in plain englishAI-generated · not legal advice

Loan repayments come out of the U.S.'s yearly UN dues payment. Each year, the U.S. subtracts that year's loan principal and interest before paying its share.

From the U.S.'s yearly payment of its assessed share of the UN budget, there must be deducted an amount equal to that year's installment of principal and interest owed to the U.S. on the loan made under section 287g.

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

There shall be deducted from the annual payment of the assessed share of the United States of the budget of the United Nations an amount equal to the corresponding annual installment of principal and interest due to the United States on account of the loan made pursuant to section 287g of this title.

Source credit: (Pub. L. 87–731, § 3, Oct. 2, 1962, 76 Stat. 696.)

history & why it existsrecord from the source credit

1962Enacted · Pub. L. 87-731 · 76 Stat. 696

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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