§2285 — Title 22 Foreign Relations and Intercourse | U.S. Code

Summary

Grants require final approval by the USAID Administrator, the NGO saying the host country accepted the deal, and an agreed plan to cancel the commercial debt. These grants add to, not replace, other U.S. aid. The U.S. may not accept ownership or any legal interest in foreign land as a condition of the exchange.

Title 22, §2285

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The terms and conditions for making grants under this part shall be deemed to be fulfilled upon final approval by the Administrator of the Agency for International Development of the debt-for-nature exchange, a certification by the nongovernmental organization that the host government has accepted the terms of the exchange, and that an agreement has been reached to cancel the commercial debt in an agreed upon fashion.

(b)Grants made under this section are intended to complement, and not substitute for, assistance otherwise available to a foreign country under this chapter or any other provision of law.

(c)The United States Government is prohibited from accepting title or interest in any land in a foreign country as a condition on the debt exchange.

Notes & Related Subsidiaries

Editorial Notes

References in Text

This chapter, referred to in subsec. (b), was in the original “this Act”, meaning Pub. L. 87–195, Sept. 4, 1961, 75 Stat. 424, known as the Foreign Assistance Act of 1961. For complete classification of this Act to the Code, see

Short Title

note set out under section 2151 of this title and Tables. Codification Another section 465 of Pub. L. 87–195 is classified to section 2275 of this title.

§2285 Terms and Conditions