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22 U.S.C. § 2430d — Repayment of principal

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 2430d — Repayment of principal

**(a) Currency of payment** The principal amount of each new obligation issued pursuant to [section 2430c(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2430c/b&num=0&edition=prelim) shall be repaid in United States dollars. **(b) Deposit of payments** Principal repayments of new obligations shall be deposited in the United States Government account established for principal repayments of the obligations for which those obligations were exchanged.

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Source location: Title 22, Chapter 32, § 2430d; chapter-032-foreign-assistance.md

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 1964 — Report to Congress

The President shall whenever appropriate report to the Congress his action hereunder.

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 2431d — Reduction of debt owed to United States as result of concessional loans under this chapter

**(a) Authority to reduce debt** (1) **Authority** — The President may reduce the amount owed to the United States (or any agency of the United States) that is outstanding as of January 1, 1998, as a result of concessional loans made to an eligible country by the United States under subchapter I of this chapter, part IV of subchapter II of this chapter, or predecessor foreign economic assistance legislation. (2) **Authorization of appropriations** — For the cost (as defined in [section 661a(5) of title 2](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section661a/5&num=0&edition=prelim)) for the reduction of any debt pursuant to this section, there are authorized to be appropriated to the President— (A) $25,000,000 for fiscal year 1999; (B) $75,000,000 for fiscal year 2000; and (C) $100,000,000 for fiscal year 2001. (3) **Certain prohibitions inapplicable** (A) *In general* — A reduction of debt pursuant to this section shall not be considered assistance for purposes of any provision of law limiting assistance to a country. (B) *Additional requirement* — The authority of this section may be exercised notwithstanding [section 2370(r) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2370/r&num=0&edition=prelim) or section 321 of the International Development and Food Assistance Act of 1975. **(b) Implementation of debt reduction** (1) **In general** — Any debt reduction pursuant to subsection (a) shall be accomplished at the direction of the Facility by the exchange of a new obligation for obligations of the type referred to in subsection (a) outstanding as of the date specified in subsection (a)(1). (2) **Exchange of obligations** (A) *In general* — The Facility shall notify the agency

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 2430d — Repayment of principal

Page 948 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 2430d Editorial Notes REFERENCES IN TEXT Section 321 of the International Development and Food Assistance Act of 1975, referred to in subsec. (a)(3)(B), is section 321 of Pub. L. 94–161, which is set out as a note under section 2220a of this title. PRIOR PROVISIONS A prior section 704 of Pub. L. 87–195, pt. IV, Sept. 4, 1961, 75 Stat. 463, amended section 1704 of Title 7, Agri- culture, prior to repeal by Pub. L. 87–565, pt. IV, § 401, Aug. 1, 1962, 76 Stat. 263, except insofar as section 704 affected section 1704. Statutory Notes and Related Subsidiaries REFERENCES TO SUBCHAPTER I DEEMED TO INCLUDE CERTAIN PARTS OF SUBCHAPTER II References to subchapter I of this chapter are deemed to include parts IV (§ 2346 et seq.), VI (§ 2348 et seq.), and VIII (§ 2349aa et seq.) of subchapter II of this chapter, and references to subchapter II are deemed to exclude such parts. See section 202(b) of Pub. L. 92–226, set out as a note under section 2346 of this title, and sections 2348c and 2349aa–5 of this title. Executive Documents DELEGATION OF FUNCTIONS For delegation of functions of President under this section, see Ex. Ord. No. 12163, Sept. 29, 1979, 44 F.R. 56673, as amended, set out as a note under section 2381 of this title. For delegation of functions of President under subsec. (a) of this section, see section 1 of Ex. Ord. No. 13345, July 8, 2004, 69 F.R. 41901, set out as a note under sec- tion 1738 of Title 7, Agriculture. § 2430d. Repayment of principal (a) Currency of payment The principal amount of each new obligation issued pursuant to section 2430c(b) of this title shall be repaid in United States dollars. (b) Deposit of payments Principal repayments of new obligations shall be

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