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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 22 U.S.C. § 2282 Assistance for commercial debt exchanges us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 32 FOREIGN ASSISTANCE 2282 22 U.S.C. § 2282 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip /us/usc/t22/s2282 data/legal/raw/us/code/title-22/usc22.xml 0e83f73498fb89d441392c07e34958c18f4e74a2e7934ae035d3a8eb7e9a30cb b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 f796e25f0f5dc4129b845ed68d0d90ed8da3a008f21bcb20fe3fda9d961cba5d 2026-07-04 official
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22 U.S.C. § 2282 - Assistance for commercial debt exchanges

Text

(a) The Administrator of the Agency for International Development is authorized to furnish assistance, in the form of grants on such terms and conditions as may be necessary, to nongovernmental organizations for the purchase on the open market of discounted commercial debt of a foreign government of an eligible country which will be canceled or redeemed under the terms of an agreement with that government as part of a debt-for-nature exchange.

(b) Notwithstanding any other provision of law, a grantee (or any subgrantee) of the grants referred to in subsection (a) may retain, without deposit in the Treasury of the United States and without further appropriation by Congress, interest earned on the proceeds of any resulting debt-for-nature exchange pending the disbursements of such proceeds and interest for approved program purposes, which may include the establishment of an endowment, the income of which is used for such purposes.

(Pub. L. 87195, pt. I, § 462 [472], as added Pub. L. 101240, title VII, § 711, Dec. 19, 1989, 103 Stat. 2521.)

Notes

Editorial Notes

Codification Another section 462 of Pub. L. 87195 is classified to section 2272 of this title.