§ 262k-1. — Transparency of budgets.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC262k-1]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
Sec. 262k-1. Transparency of budgets
(a) Limitation
Beginning three years after September 30, 1996, the Secretary of the
Treasury shall instruct the United States Executive Director of each
international financial institution to use the voice and vote of the
United States to oppose any loan or other utilization of the funds of
their respective institution, other than to address basic human needs,
for the government of any country which the Secretary of the Treasury
determines--
(1) does not have in place a functioning system for reporting to
civilian authorities audits of receipts and expenditures that fund
activities of the armed forces and security forces;
(2) has not provided to the institution information about the
audit process requested by the institution.
(b) ``International financial institution'' defined
For purposes of this section, the term ``international financial
institution'' shall include the institutions identified in section
532(b) of this Act.
(Pub. L. 104-208, div. A, title I, Sec. 101(c) [title V, Sec. 576],
Sept. 30, 1996, 110 Stat. 3009-121, 3009-168; Pub. L. 105-118, title V,
Sec. 572, Nov. 26, 1997, 111 Stat. 2430.)
References in Text
Section 532(b) of this Act, referred to in subsec. (b), is section
532(b) of Pub. L. 104-208, div. A, title I, Sec. 101(c) [title V], Sept.
30, 1996, 110 Stat. 3009-121, 3009-152, which is not classified to the
Code.
Amendments
1997--Subsec. (a)(1). Pub. L. 105-118, Sec. 572(a), amended par. (1)
generally. Prior to amendment, par. (1) read as follows: ``does not have
in place a functioning system for a civilian audit of all receipts and
expenditures that fund activities of the armed forces and security
forces;''.
Subsec. (a)(2). Pub. L. 105-118, Sec. 572(b), amended par. (2)
generally. Prior to amendment, par. (2) read as follows: ``has not
provided a summary of a current audit to the institution.''
