§ 285j. — United States Special Resources.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC285j]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XIV--ASIAN DEVELOPMENT BANK
Sec. 285j. United States Special Resources
(a) Development projects and programs
The United States Special Resources shall be used to finance
specific high priority development projects and programs in developing
member countries of the Bank with emphasis on such projects and programs
in the Southeast Asia region.
(b) Authorized uses
The United States Special Resources shall be used by the Bank only
for--
(1) making development loans on terms which may be more flexible
and bear less heavily on the balance of payments than those
established by the Bank for its ordinary operations; and
(2) providing technical assistance credits on a reimbursable
basis.
(c) Eligible goods and services
(1) The United States Special Resources may be expended by the Bank
only for procurement in the United States of goods produced in, or
services supplied from the United States, except that the United States
Governor, in consultation with the National Advisory Council on
International Monetary and Financial Policies, may allow eligibility for
procurement in other member countries from the United States Special
Resources if he determines that such procurement eligibility would
materially improve the ability of the Bank to carry out the objectives
of its special funds resources and would be compatible with the
international financial position of the United States.
(2) The United States Special Resources may be used to pay for
administrative expenses arising from the use of the United States
Special Resources, but only to the extent such expenses are not covered
from the Bank's service fee or income from use of United States Special
Resources.
(d) Repayment in dollars
All financing of programs and projects by the Bank from the United
States Special Resources shall be repayable to the Bank by the borrowers
in United States dollars.
(Pub. L. 89-369, Sec. 13, as added Pub. L. 92-245, Sec. 1, Mar. 10,
1972, 86 Stat. 57.)
Delegation of Functions
Functions of National Advisory Council on International Monetary and
Financial Problems delegated to National Advisory Council on
International Monetary and Financial Policies, see section 2(a) of Ex.
Ord. No. 11269, Feb. 14, 1966, 31 F.R. 2813, set out as a note under
section 286b of this title.
Section Referred to in Other Sections
This section is referred to in section 285l of this title.
