12 U.S.C. § 635t — Definitions

FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER III—TIED AID CREDIT EXPORT SUBSIDIES

Definitions

12 U.S.C. § 635t

ChapterSUBCHAPTER III—TIED AID CREDIT EXPORT SUBSIDIES

This text of 12 U.S.C. § 635t (Definitions) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 U.S.C. § 635t.

Text

For purposes of this subchapter—

(1)the term "tied aid credit" means credit—

(A)which is provided for development aid purposes;

(B)which is tied to the purchase of exports from the country granting the credit;

(C)which is financed either exclusively from public funds, or, as a mixed credit, partly from public and partly from private funds; and

(D)which has a grant element, as defined by the Development Assistance Committee of the Organization for Economic Cooperation and Development, greater than zero percent;

(2)the term "government-mixed credits" means the combined use of credits, insurance, and guarantees offered by the Export-Import Bank of the United States with concessional financing or grants offered by the Agency for International Development to finance exports;

(3)the term

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For purposes of this subchapter—
(1) the term "tied aid credit" means credit—
(A) which is provided for development aid purposes;
(B) which is tied to the purchase of exports from the country granting the credit;
(C) which is financed either exclusively from public funds, or, as a mixed credit, partly from public and partly from private funds; and
(D) which has a grant element, as defined by the Development Assistance Committee of the Organization for Economic Cooperation and Development, greater than zero percent;
(2) the term "government-mixed credits" means the combined use of credits, insurance, and guarantees offered by the Export-Import Bank of the United States with concessional financing or grants offered by the Agency for International Development to finance exports;
(3) the term "public-private cofinancing" means the combined use of either official development assistance or official export credit with private commercial credit to finance exports;
(4) the term "blending of financings" means the use of various combinations of official development assistance, official export credit, and private commercial credit, integrated into a single package with a single set of financial terms, to finance exports;
(5) the term "parallel financing" means the related use of various combinations of separate lines of official development assistance, official export credits, and private commercial credit, not combined into a single package with a single set of financial terms, to finance exports; and
(6) the term "Bank" means the Export-Import Bank of the United States.

Source Credit

History

(Pub. L. 98–181, title I [title VI, §647], Nov. 30, 1983, 97 Stat. 1265.)

Editorial Notes

Editorial Notes

Codification
The bulk of this chapter was repealed by Pub. L. 92–181, §5.26(a), Dec. 10, 1971, 85 Stat. 625, which completely rewrote the farm credit laws and represented a fundamental reworking of the statutory basis for the farm credit system. The farm credit system is covered in chapter 23 (§2001 et seq.) of this title. See notes set out under section 2001 of this title.

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Bluebook (online)

12 U.S.C. § 635t, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/635t.