Title 22 — Foreign Relations and IntercourseRelease 119-73not60
§285l Letter of Credit Form for United States Special Resources
Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XIV— ASIAN DEVELOPMENT BANK › § 285l
Summary
U.S. gives Bank a nontransferable, noninterest letter of credit payable on demand at face value for eligible costs under section 285j(c).
Full Legal Text
Title 22, §285l
Foreign Relations and Intercourse — Source: USLM XML via OLRC
The United States Special Resources will be provided to the Bank in the form of a nonnegotiable, noninterest-bearing, letter of credit which shall be payable to the Bank at par value on demand to meet the cost of eligible goods and services, and administrative costs authorized pursuant to section 285j(c) of this title.
Reference
Citations & Metadata
Citation
22 U.S.C. § 285l
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60