§ 290j-1. — Use of United States owned rupees to capitalize the Fund.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC290j-1]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XXV--UNITED STATES-INDIA FUND FOR CULTURAL, EDUCATIONAL, AND
SCIENTIFIC COOPERATION
Sec. 290j-1. Use of United States owned rupees to capitalize the
Fund
(a) Subject to applicable requirements concerning reimbursement to
the Treasury for United States owned foreign currencies, the President
may make available to the Fund, for use in carrying out the agreement
authorized by section 290j of this title, up to the equivalent of
$200,000,000 in foreign currencies owned by the United States in India
or owed to the United States by the Government of India. Such use may
include investment in order to generate interest which would be retained
in the Fund and used to support programs pursuant to that agreement.
(b) In accordance with the agreement negotiated pursuant to section
290j(a) of this title, sums made available for investment for the United
States-India Fund for Cultural, Educational, and Scientific Cooperation
under the Departments of Commerce, Justice, and State, and the Judiciary
and Related Agencies Appropriation Act, 1985, and any earnings on such
sums shall be available for the purposes of section 290j(a) of this
title.
(Pub. L. 98-164, title IX, Sec. 903, Nov. 22, 1983, 97 Stat. 1051; Pub.
L. 99-93, title VIII, Sec. 808, Aug. 16, 1985, 99 Stat. 452; Pub. L.
100-204, title III, Sec. 305, Dec. 22, 1987, 101 Stat. 1379.)
References in Text
The Departments of Commerce, Justice, and State, the Judiciary, and
Related Agencies Appropriation Act, 1985, referred to in subsec. (b), is
Pub. L. 98-411, Aug. 30, 1984, 98 Stat. 1545. For provisions relating to
contribution to the United States-India Fund for Cultural, Educational,
and Scientific Cooperation, see 98 Stat. 1567.
Amendments
1987--Subsec. (b). Pub. L. 100-204 amended subsec. (b) generally.
Prior to amendment, subsec. (b) read as follows: ``Pending completion of
the negotiation of an agreement with the Government of India, the annual
earnings generated by the moneys appropriated by the Departments of
Commerce, Justice, and State, the Judiciary, and Related Agencies
Appropriation Act, 1985, may be used for the purposes set out in section
290j(a) of this title.''
1985--Pub. L. 99-93 designated existing provisions as subsec. (a)
and added subsec. (b).
