§ 283z. — Proposal of lightcapital or intermediate technologies as part of Bank's development strategy.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC283z-9]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XII--INTER-AMERICAN DEVELOPMENT BANK
Sec. 283z-9. Multilateral Investment Fund
(a) Authorization of contribution
The Secretary of the Treasury is authorized to contribute, and to
make payment of, $500,000,000 to the Multilateral Investment Fund
established pursuant to the agreements of February 11, 1992: Provided,
That such funds shall only be disbursed from the Fund to countries that
have governments that are democratically elected,\1\ that do not harbor
or sponsor international terrorists; that do not fail to cooperate in
narcotics matters; and that do not engage in a consistent pattern of
gross violations of internationally recognized human rights.
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\1\ So in original. The comma probably should be a semicolon.
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(b) Authorization of appropriations
There is hereby authorized to be appropriated without fiscal year
limitation $500,000,000 for the contribution authorized in subsection
(a) of this section.
(c) Environmental assessment of actions
If an Enterprise for the Americas Multilateral Investment Fund is
established pursuant to this section, the Secretary of the Treasury
shall instruct the United States representative to the Fund not to vote
in favor of any action proposed to be taken by the Fund which may have a
significant adverse effect on the environment unless an assessment of
the impact of the action on the environment has been available for at
least 120 days before the vote.
(Pub. L. 86-147, Sec. 37, as added Pub. L. 102-391, title V,
Sec. 594(b), Oct. 6, 1992, 106 Stat. 1693.)
