22 U.S.C. § 2283 — Eligible projects

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, 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, in- terest earned on the proceeds of any resulting debt-for-nature exchange pending the disburse- ments of such proceeds and interest for approved program purposes, which may include the estab- lishment of an endowment, the income of which is used for such purposes. (Pub. L. 87–195, pt. I, § 462 [472], as added Pub. L. 101–240, title VII, § 711, Dec. 19, 1989, 103 Stat. 2521.) Editorial Notes CODIFICATION Another section 462 of Pub. L. 87–195 is classified to section 2272 of this title. § 2283. Eligible projects (a) The Administrator of the Agency for Inter- national Development shall seek to ensure that debt-for-nature exchanges under this part sup- port one or more of the following activities by either the host government, a local private con- servation group, or a combination thereof: (1) restoration, protection, or sustainable use of the world’s oceans and atmosphere; (2) restoration, protection, or sustainable use of diverse animal and plant species; (3) establishment, restoration, protection, and maintenance of parks and reserves; (4) development and implementation of sound systems of natural resource manage- ment; (5) development and support of local con- servation programs; (6) training programs to strengthen con- servation institutions and increase scientific, technical, and managerial capabilities of indi- viduals and organizations involved in con- servation efforts; (7) efforts to generate knowledge, increase understanding, and enhance public commit- ment to conservation; (8) design and implementation of sound pro- grams of land and ecosystem management; and (9) promotion of regenerative approaches in farming, forestry, fishing, and watershed man- agement. (b)(1) In cooperation with nongovernmental organizations, the Administrator of the Agency for International Development shall seek to identify those areas, which because of an immi- nent threat, are in particular need of immediate attention to prevent the loss of unique biologi- cal life or valuable ecosystem. (2) The Administrator of the Agency for Inter- national Development shall encourage as many eligible countries as possible to propose such ex- changes with the purpose of demonstrating to a large number of governments the feasibility and benefits of sustainable development. (Pub. L. 87–195, pt. I, § 463 [473], as added Pub. L. 101–240, title VII, § 711, Dec. 19, 1989, 103 Stat. 2522.) Editorial Notes CODIFICATION Another section 463 of Pub. L. 87–195 is classified to section 2273 of this title. § 2284. Eligible countries In order for a foreign country to be eligible to participate in a debt-for-nature exchange under this part, the Administrator of the Agency for International Development shall determine that— (1) the host country is fully committed to the long-term viability of the program or project that is to be undertaken through the debt-for-nature exchange; (2) a long-term plan has been prepared by the host country, or private conservation group, which adequately provides for the long- term viability of the program or project that is to be undertaken through the debt-for-na- ture exchange or that such a plan will be pre- pared in a timely manner; and (3) there is a government agency or a local nongovernmental organization, or combina- tion thereof, in the host country with the ca- pability, commitment, and record of environ- mental concern to oversee the long-term via-