FEDERAL · 22 U.S.C. · Chapter 32
Enterprise for the Americas Funds
Current through Pub. L. 119-102
(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.
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22 U.S.C. § 2430f (Enterprise for the Americas Funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 2430e
22 U.S.C. § 2430e
Source Credit
History
(Pub. L. 87–195, pt. IV, §707, as added Pub. L. 102–549, title VI, §602(a), Oct. 28, 1992, 106 Stat. 3666.)
Editorial Notes
Editorial Notes
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.
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.