22-U.S.C.-2281
§2281 – “debt-For-Nature Exchange” Defined
Pathway
Title 22 > Chapter 32 > Subchapter I > Part VII > Section 2281
Details
- Reference: Section 2281
- Legend: §2281 – “debt-For-Nature Exchange” Defined
- USCode Year: 2013
Provision Content
For purpose of this part, the term debt-for-nature exchange means the cancellation or redemption of the foreign debt of the government of a country in exchange for—
(1) that governments making available local currencies (including through the issuance of bonds) which are used only for eligible projects involving the conservation or protection of the environment in that country (as described in section 2283 of this title); or
(2) that governments financial resource or policy commitment to take certain specified 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.)
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 Development, prior to repeal by Pub. L. 95–424, title VI, §604, Oct. 6, 1978, 92 Stat. 961, effective Oct. 1, 1978.
U.S. Encyclopedia of Law Coverage
22-U.S.C.-2271 in the Legal Encyclopedia: Foreign Relations
In this entry about 22-U.S.C.-2271, find legal reference material, bibliographies and premiere content related to foreign relations in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign relations-specific issues, written by authorities in the field.
22-U.S.C.-2292H in the Legal Encyclopedia: Foreign Assistance
In this entry about 22-U.S.C.-2292H, find legal reference material, bibliographies and premiere content related to foreign assistance in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign assistance-specific issues, written by authorities in the field.
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