42 U.S.C. § 13388 — Global Climate Change Response Fund

submitted 34 years ago by Pub. L. 102-486 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 169 words · no verdicts yet

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The Secretary of the Treasury must set up a Global Climate Change Response Fund to help other countries. No money may go into the fund until the U.S. ratifies the UN climate treaty. Congress authorized $50,000,000 for the fund in fiscal year 1994.

(a) Establishment of Fund: The Secretary of the Treasury, working with the Secretary of State, must create a Global Climate Change Response Fund to hold U.S. contributions that help global efforts to reduce and adapt to climate change. (b) Restrictions on deposits: No money may be deposited into the Fund until the United States ratifies the United Nations Framework Convention on Climate Change. (c) Use of Fund: Money deposited into the Fund may be used by the President — only as much as is authorized and appropriated under section 2222 of title 22 — solely to contribute to a financial mechanism negotiated under the United Nations Framework Convention on Climate Change, including any related protocols or agreements. (d) Authorization of appropriations: Congress authorized $50,000,000 to be deposited in the Fund for fiscal year 1994, and whatever additional amount is necessary for fiscal years 1995 and 1996.

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

(a) Establishment of Fund

The Secretary of the Treasury, in consultation with the Secretary of State, shall establish a Global Climate Change Response Fund to act as a mechanism for United States contributions to assist global efforts in mitigating and adapting to global climate change.

(b) Restrictions on deposits

No deposits shall be made to the Global Climate Change Response Fund until the United States has ratified the United Nations Framework Convention on Climate Change.

Moneys deposited into the Fund shall be used by the President, to the extent authorized and appropriated under section 2222 of title 22, solely for contributions to a financial mechanism negotiated pursuant to the United Nations Framework Convention on Climate Change, including all protocols or agreements related thereto.

(d) Authorization of appropriations

There are authorized to be appropriated for deposit in the Fund to carry out the purposes of this section, $50,000,000 for fiscal year 1994 and such sums as may be necessary for fiscal years 1995 and 1996.

Source credit: (Pub. L. 102–486, title XVI, § 1609, Oct. 24, 1992, 106 Stat. 3007.)

history & why it existsrecord from the source credit

1992Enacted · Pub. L. 102-486 · 106 Stat. 3007

A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-486 on 1992-10-24.

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