§ 2431c. — Eligibility for benefits.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC2431c]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 32--FOREIGN ASSISTANCE
SUBCHAPTER IV--DEBT REDUCTION FOR DEVELOPING COUNTRIES WITH TROPICAL
FORESTS
Sec. 2431c. Eligibility for benefits
(a) In general
To be eligible for benefits from the Facility under this subchapter,
a country shall be a developing country with a tropical forest--
(1) whose government meets the requirements applicable to Latin
American or Caribbean countries under paragraphs (1) through (5) and
(7) of section 2430b(a) of this title; and
(2) that has put in place investment reforms, as evidenced by
the conclusion of a bilateral investment treaty with the United
States, implementation of an investment sector loan with the Inter-
American Development Bank, World Bank-supported investment reforms,
or other measures, as appropriate.
(b) Eligibility determinations
(1) In general
Consistent with subsection (a) of this section, the President
shall determine whether a country is eligible to receive benefits
under this subchapter.
(2) Congressional notification
The President shall notify the appropriate congressional
committees of his intention to designate a country as an eligible
country at least 15 days in advance of any formal determination.
(Pub. L. 87-195, pt. V, Sec. 805, as added Pub. L. 105-214, Sec. 1, July
29, 1998, 112 Stat. 887; amended Pub. L. 107-26, Sec. 1, Aug. 17, 2001,
115 Stat. 206.)
Prior Provisions
A prior section 805 of Pub. L. 87-195, pt. V, enacted a provision
set out as a note under former section 2431 of this title prior to
repeal by Pub. L. 94-329, title IV, Sec. 413(a), June 30, 1976, 90 Stat.
761.
Amendments
2001--Subsec. (a)(2). Pub. L. 107-26 struck out ``major'' before
``investment reforms,''.
Delegation of Functions
For delegation of functions of President under this section, see Ex.
Ord. No. 12163, Sept. 29, 1979, 44 F.R. 56673, as amended, set out as a
note under section 2381 of this title.
Section Referred to in Other Sections
This section is referred to in sections 2431a, 2431g of this title.
