§ 2430f. — Enterprise for the Americas Funds.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC2430f]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 32--FOREIGN ASSISTANCE
SUBCHAPTER III-A--ENTERPRISE FOR THE AMERICAS INITIATIVE
Sec. 2430f. Enterprise for the Americas Funds
(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, Sec. 707, as added Pub. L. 102-549, title VI,
Sec. 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, Sec. 401, Aug. 1, 1962, 76 Stat. 263, except insofar
as section 707 affected section 1783.
Section Referred to in Other Sections
This section is referred to in sections 2430a, 2430e, 2431h of this
title.
