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22 U.S.C. § 2282 — Assistance for commercial debt exchanges
Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Administrator of the Agency for International Development is authorized to furnish assistance, in the form of grants on such terms and conditions as may be necessary, to nongovernmental organizations for the purchase on the open market of discounted commercial debt of a foreign government of an eligible country which will be canceled or redeemed under the terms of an agreement with that government as part of a debt-for-nature exchange.
**(b)** Notwithstanding any other provision of law, a grantee (or any subgrantee) of the grants referred to in subsection (a) may retain, without deposit in the Treasury of the United States and without further appropriation by Congress, interest earned on the proceeds of any resulting debt-for-nature exchange pending the disbursements of such proceeds and interest for approved program purposes, which may include the establishment of an endowment, the income of which is used for such purposes.
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Stable record: federal_law:legal_authorities:record_usc_e3067c9afe126c1305951648
Source file: Laws/federal/codes/united-states-code/title-22/section-2282-assistance-for-commercial-debt-exchanges--8bb98f68d1.md
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Source location: Title 22, Chapter 32, § 2282; chapter-032-foreign-assistance.md
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**(a)** The Administrator of the Agency for International Development is authorized to furnish assistance, in the form of grants on such terms and conditions as may be necessary, to nongovernmental organizations for the purchase on the open market of discounted commercial debt of a foreign government of an eligible country which will be canceled or redeemed under the terms of an agreement with that government as part of a debt-for-nature exchange.
**(b)** Notwithstanding any other provision of law, a grantee (or any subgrantee) of the grants referred to in subsection (a) may retain, without deposit in the Treasury of the United States and without further appropriation by Congress, interest earned on the proceeds of any resulting debt-for-nature exchange pending the disbursements of such proceeds and interest for approved program purposes, which may include the establishment of an endowment, the income of which is used for such purposes.
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Federal law — U.S. Code and appendices · legal_authorities
The President shall ensure that assistance authorized by this chapter and the Arms Export Control Act [[22 U.S.C. 2751](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2751&num=0&edition=prelim) et seq.] to Central American countries is furnished in a manner which fosters demonstrated progress toward and commitment to the objectives set forth in [section 2271 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2271&num=0&edition=prelim). Where necessary to achieve this purpose, the President shall impose conditions on the furnishing of such assistance. In carrying out this section, the President shall consult with the Congress in regard to progress toward the objectives set forth in [section 2271 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2271&num=0&edition=prelim), and any conditions imposed on the furnishing of assistance in furtherance of those objectives.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2272
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Federal law — U.S. Code and appendices · legal_authorities
Page 718
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 2282
actions to ensure the restoration, protection,
or sustainable use of natural resources within
that country; or
(3) a combination of assets and actions under
both paragraphs (1) and (2).
(Pub. L. 87–195, pt. I, § 461 [471], as added Pub. L.
101–240, title VII, § 711, Dec. 19, 1989, 103 Stat.
2521.)
Editorial Notes
REFERENCES IN TEXT
Section 2283 of this title, referred to in par. (1), was
in the original ‘‘section 463’’, meaning section 463 of
Pub. L. 87–195, which has been translated as meaning
section 463 of Pub. L. 87–195 relating to eligible projects
rather than section 463 of Pub. L. 87–195, relating to the
peace process in Central America, which is classified to
section 2273 of this title.
CODIFICATION
Another section 461 of Pub. L. 87–195 is classified to
section 2271 of this title.
PRIOR PROVISIONS
A prior section 2281, Pub. L. 87–195, pt. I, § 471, as
added Pub. L. 89–583, pt. I, § 110, Sept. 19, 1966, 80 Stat.
802, related to agreements with less developed countries
for establishment of Joint Commissions on Rural De-
velopment, prior to repeal by Pub. L. 95–424, title VI,
§ 604, Oct. 6, 1978, 92 Stat. 961, effective Oct. 1, 1978.
§ 2282. Assistance for commercial debt exchanges
(a) The Administrator of the Agency for Inter-
national Development is authorized to furnish
assistance, in the form of grants on such terms
and conditions as may be necessary, to non-
governmental organizations for the purchase on
the open market of discounted commercial debt
of a foreign government of an eligible country
which will be canceled or redeemed under the
terms of an agreement with that government as
part of a debt-for-nature exchange.
(b) Notwithstanding any other provision of
law,
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 2282
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.