22-U.S.C.-2430F

§2430F – Enterprise For The Americas Funds

Pathway

Title 22 > Chapter 32 > Subchapter III-A > Section 2430f

Details

• Reference: Section 2430f
• Legend: §2430F – Enterprise For The Americas Funds
• USCode Year: 2013

Provision Content

(a) Establishment

Each beneficiary country that enters into an Americas Framework Agreement shall be required to establish an Enterprise for the Americas Fund to receive payments in local currency pursuant to section 2430e(b)(1) of this title.

(b) Deposits

Local currencies deposited in an Americas Fund shall not be considered assistance for purposes of any provision of law limiting assistance to a country.

(c) Investment

Deposits made in an Americas Fund shall be invested until disbursed. Any return on such investment may be retained by the Americas Fund, without deposit in the Treasury of the United States and without further appropriation by the Congress.

(d) Disbursements

Funds in an Americas Fund shall be disbursed only pursuant to an Americas Framework Agreement.

(Pub. L. 87–195, pt. IV, §707, as added Pub. L. 102–549, title VI, §602(a), Oct. 28, 1992, 106 Stat. 3666.)

Prior Provisions

A prior section 707 of Pub. L. 87–195, pt. IV, Sept. 4, 1961, 75 Stat. 464, amended section 1783 of this title, prior to repeal by Pub. L. 87–565, pt. IV, §401, Aug. 1, 1962, 76 Stat. 263, except insofar as section 707 affected section 1783.

U.S. Encyclopedia of Law Coverage

22-U.S.C.-2349AA-6 in the Legal Encyclopedia: Foreign Relations

In this entry about 22-U.S.C.-2349AA-6, 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.-2349AA-10 in the Legal Encyclopedia: Foreign Assistance

In this entry about 22-U.S.C.-2349AA-10, 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.

Topic Map

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