22 U.S.C. § 290m–4 — Authority to agree to certain amendments to the Border Environment Cooperation Agreement

submitted 22 years ago by Pub. L. 103-182 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 85 words · no verdicts yet

in plain englishAI-generated · not legal advice

The President can agree to let the Bank make grants and below-market loans with Board approval. The President can also agree to expand the "border region" definition to 100 km in the U.S. and 300 km in Mexico.

The President may agree to two kinds of amendments to the Cooperation Agreement. First, an amendment letting the Bank make grants and loans below market rates, using its paid-in capital, as long as its Board approves. Second, an amendment that widens the definition of "border region" — it would then include the part of the United States within 100 kilometers of the U.S.-Mexico border, and the part of Mexico within 300 kilometers of that border.

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

The President may agree to amendments to the Cooperation Agreement that—

(1)

enable the Bank to make grants and nonmarket rate loans out of its paid-in capital resources with the approval of its Board; and

(2)

amend the definition of “border region” to include the area in the United States that is within 100 kilometers of the international boundary between the United States and Mexico, and the area in Mexico that is within 300 kilometers of the international boundary between the United States and Mexico.

Source credit: (Pub. L. 103–182, title V, § 545, as added Pub. L. 108–215, § 1(a), Apr. 5, 2004, 118 Stat. 579; amended Pub. L. 116–113, title VI, § 601, Jan. 29, 2020, 134 Stat. 78; Pub. L. 116–260, div. O, title VI, § 601(a)(1), (2), Dec. 27, 2020, 134 Stat. 2149.)

history & why it existsrecord from the source credit

2004Enacted · Pub. L. 103-182 · 118 Stat. 579
2020Amended · Pub. L. 116-113 · 134 Stat. 78
2020Amended · Pub. L. 116-260 · 134 Stat. 2149

A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-182 on 2004-04-05.

all 0 arguments · sorted by: best

no arguments yet — make the first case