22 U.S.C. § 290g–19 — Multilateral Debt Relief Initiative
submitted 17 years ago by Pub. L. 94-302 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 110 words · no verdicts yet
The Treasury Secretary may contribute up to $26 million to the African Development Fund for debt relief. This money is separate from the Fund's regular replenishment funding and needs Congress to appropriate it.
The Secretary of the Treasury is authorized to contribute, on behalf of the United States, not more than $26,000,000 to the African Development Fund for the purpose of funding debt relief under the Multilateral Debt Relief Initiative in the period governed by the eleventh replenishment of resources of the African Development Fund, subject to obtaining the necessary appropriations and without prejudice to any funding arrangements in existence on June 24, 2009.
In order to pay for the United States contribution provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, not more than $26,000,000 for payment by the Secretary of the Treasury.
Source credit: (Pub. L. 94–302, title II, § 220, as added Pub. L. 111–32, title XI, § 1109(b), June 24, 2009, 123 Stat. 1901.)
- 2009Enacted · Pub. L. 94-302 · 123 Stat. 1901
A history note hasn’t been published yet. The record shows enactment by Pub. L. 94-302 on 2009-06-24.
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