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7 U.S.C. § 1738f — Repayment of principal
Federal law — U.S. Code and appendices · legal_authorities
**(a) Currency of payment** The principal amount owed under each new obligation issued under [section 1738c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738c&num=0&edition=prelim) shall be repaid in United States dollars.
**(b) Deposit of payments** Principal repayments on new obligations issued under [section 1738c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738c&num=0&edition=prelim) shall be deposited in Commodity Credit Corporation accounts.
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Stable record: federal_law:legal_authorities:record_usc_4d2e3fd818ed3bcb73105755
Source file: Laws/federal/codes/united-states-code/title-7/section-1738f-repayment-of-principal--0d0b7e075e.md
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Source location: Title 7, Chapter 41, § 1738f; chapter-041-food-for-peace.md
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**(a) Currency of payment** The principal amount owed under each new obligation issued under [section 1738c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738c&num=0&edition=prelim) shall be repaid in United States dollars.
**(b) Deposit of payments** Principal repayments on new obligations issued under [section 1738c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738c&num=0&edition=prelim) shall be deposited in Commodity Credit Corporation accounts.
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Federal law — U.S. Code and appendices · legal_authorities
The purpose of this subchapter is to encourage and support improvement in the lives of the people of Latin America and the Caribbean through market-oriented reforms and economic growth with inter-related actions to promote debt reduction, investment reforms, and community-based conservation and sustainable use of the environment. The Facility will support such objectives through the administration of debt reduction operations relating to those countries that meet investment reform and other policy conditions provided for in this subchapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1738c
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Federal law — U.S. Code and appendices · legal_authorities
There is established in the Department of the Treasury an entity to be known as the “Enterprise for the Americas Facility” (hereafter referred to in this subchapter as the “Facility”).
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1738b
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Rate of interest** New obligations issued to an eligible country under [section 1738c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738c&num=0&edition=prelim) shall bear interest at a concessional rate.
**(b) Currency of payment, deposits**
(1) **United States dollars** — An eligible country to which a new obligation has been issued under [section 1738c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738c&num=0&edition=prelim) that has not entered into an agreement under [section 1738f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f&num=0&edition=prelim), shall be required to pay interest on such obligation in United States dollars which shall be deposited in Commodity Credit Corporation accounts.
(2) **Local currency** — If an eligible country to which a new obligation has been issued under [section 1738c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738c&num=0&edition=prelim) has entered into an agreement under [section 1738f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f&num=0&edition=prelim), interest under such obligation may be paid in the local currency of the eligible country and deposited into an Environmental Fund as provided for in [section 1738g of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738g&num=0&edition=prelim). Such interest shall be the property of the eligible country until such time as it is disbursed under [section 1738g of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738g&num=0&edition=prelim). Such local currencies shall be
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1738g
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment** An eligible country shall, under the terms of an environmental framework agreement entered into under [section 1738f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f&num=0&edition=prelim), establish an Environmental Fund to receive payments in local currency pursuant to [section 1738f(b)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f/b/1&num=0&edition=prelim).
**(b) Investment** Amounts deposited into an Environmental Fund shall be invested until disbursed. Notwithstanding any other provision of law, any return on such investment may be retained by the Environmental Fund and need not be deposited to the account of the Commodity Credit Corporation and may be retained without further appropriation by Congress.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1738i
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Federal law — U.S. Code and appendices · legal_authorities
Funds in an Environmental Fund shall be disbursed only pursuant to a framework agreement entered into pursuant to [section 1738f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1738j
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment** There is established a board to be known as the “Enterprise for the Americas Board” (hereafter referred to in this subchapter as the “Board”).
**(b) Membership and chairperson**
(1) **Membership** — The Board shall be composed of—
(A) six representatives from the United States Government, at least one of whom shall be a representative of the Department of Agriculture; and
(B) five representatives from private nongovernmental environmental, child survival and child development, community development, scientific, and academic organizations with experience and expertise in Latin America and the Caribbean, at least one of whom shall be a representative from a child survival and child development organization;
to be appointed by the President.
(2) **Chairperson** — The Board shall be headed by a chairperson who shall be appointed by the President from among the representatives appointed under paragraph (1)(A).
**(c) Responsibilities** The Board shall—
(1) advise the President on the negotiations for the environmental framework agreements described in subsections (a) and (b) of [section 1738f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f&num=0&edition=prelim);
(2) ensure, in consultation with the government of the appropriate eligible country, with nongovernmental organizations of such eligible country, and if appropriate, of the region, and with environmental, scientific, and academic leaders of such eligible country and, as appropriate, of the region, that a suitable body referred to in [section 1738f(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f/c&num=0&edition=prelim) is identified; and
(3) review the programs, operations, and fiscal
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1738k
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Eligible entities** Activities eligible to receive assistance through the framework agreements entered into under [section 1738f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f&num=0&edition=prelim), shall include—
(1) activities of the type described in the Global Environmental Protection Assistance Act of 1989 ([22 U.S.C. 2281](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2281&num=0&edition=prelim) et seq.);
(2) agriculture-related activities, including those that provide for the biological prevention and control of animal and plant pests and diseases, to benefit the environment; and
(3) local community initiatives that promote conservation and sustainable use of the environment.
**(b) Regulation** All activities of the type referred to in subsection (a) shall, where appropriate, include initiatives that link conservation of natural resources with local community development.
**(c) Setting of priorities** Appropriate activities and priorities relating to the use of an Environmental Fund shall be set by local nongovernmental organizations within the appropriate eligible country.
**(d) Grants** Grants may be made by the body referred to in [section 1738f(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1738f/c&num=0&edition=prelim) from the Environmental Fund for environmental purposes to—
(1) host country nongovernmental environmental, conservation, development, educational, and indigenous peoples organizations;
(2) other appropriate local or regional entities; or
(3) in exceptional circumstances, the government of the eligible country.
**(e) Priority** In providing assistance from an Environmental Fund, the body established under [
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1738m
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Federal law — U.S. Code and appendices · legal_authorities
Page 1028
TITLE 7—AGRICULTURE
§ 1738f
(b) Currency of payment, deposits
(1) United States dollars
An eligible country to which a new obliga-
tion has been issued under section 1738c of this
title that has not entered into an agreement
under section 1738f of this title, shall be re-
quired to pay interest on such obligation in
United States dollars which shall be deposited
in Commodity Credit Corporation accounts.
(2) Local currency
If an eligible country to which a new obliga-
tion has been issued under section 1738c of this
title has entered into an agreement under sec-
tion 1738f of this title, interest under such ob-
ligation may be paid in the local currency of
the eligible country and deposited into an En-
vironmental Fund as provided for in section
1738g of this title. Such interest shall be the
property of the eligible country until such
time as it is disbursed under section 1738g of
this title. Such local currencies shall be used
for the purposes specified in the agreement en-
tered into under section 1738f of this title.
(c) Interest previously paid
If an eligible country to which a new obliga-
tion has been issued under section 1738c of this
title enters into an agreement under section
1738f of this title subsequent to the date on
which interest first becomes due on such new
obligation, any interest paid on such new obliga-
tion prior to such agreement being entered into
shall not be redeposited into the Fund estab-
lished for the eligible country under section
1738g(a) of this title but shall be deposited into
Commodity Credit Corporation accounts.
(July 10, 1954, ch. 469, title VI, § 606, as added
Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104
Stat. 3659; amended Pub. L. 102–237, title III,
§ 304, Dec. 13, 1991, 105 Stat.
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1738f
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.