7 U.S.C. § 1738l — Encouraging multilateral debt donations

submitted 72 years ago by Pub. L. 101-624 to r/title-7-AGRICULTURE · 63 words · no verdicts yet

in plain englishAI-generated · not legal advice

The President should encourage official creditors to reduce an eligible country’s debt. The President must also try to ensure that Environmental Funds can accept donations from public and private sources, including private creditors.

(a) Official creditors.—The President should actively encourage other official creditors of an eligible country to reduce that country’s debt. (b) Other sources.—The President must make every effort to ensure that Environmental Fund programs can receive donations from private and public entities and from the country’s private creditors.

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

(a) Encouraging donations from official creditors

The President should actively encourage other official creditors of an eligible country to provide debt reduction to such eligible country.

(b) Encouraging donations from other sources

The President shall make every effort to insure that programs established through Environmental Funds are able to receive donations from private and public entities, and private creditors of the eligible country.

Source credit: (July 10, 1954, ch. 469, title VI, § 613, as added Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104 Stat. 3662.)

history & why it existsrecord from the source credit

1954Enacted · Pub. L. 101-624 · 104 Stat. 3662

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-624 on 1954-07-10.

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