
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC2182]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
                     CHAPTER 32--FOREIGN ASSISTANCE
 
                 SUBCHAPTER I--INTERNATIONAL DEVELOPMENT
 
                         Part II--Other Programs
 
         subpart iii--shelter and other credit guaranty programs
 
Sec. 2182. Authorization for worldwide shelter guarantees


(a) Authorization to issue guarantees to eligible investors

    To carry out the policy of section 2181 of this title, the President 
is authorized to issue guaranties to eligible investors (as defined in 
section 2198(c) of this title) assuring against losses incurred in 
connection with loans made for projects meeting the criteria set forth 
in section 2181 of this title. The total principal amount of guaranties 
issued under this subpart or heretofore issued under prior housing 
guaranty authorities, which are outstanding at any one time, shall not 
exceed $2,558,000,000. The authority of this section shall continue 
through September 30, 1992. The President may issue regulations from 
time to time with regard to the terms and conditions upon which such 
guaranties shall be issued and the eligibility of lenders.

(b) Emphasis on certain activities

    Activities carried out under this section shall emphasize--
        (1) projects which provide improved home sites to poor families 
    on which to build shelter, and related services;
        (2) projects comprised of expandable core shelter units on 
    serviced sites;
        (3) slum upgrading projects designed to conserve and improve 
    existing shelter;
        (4) shelter projects for low-income people designed for 
    demonstration or institution building purposes; and
        (5) community facilities and services in support of projects 
    authorized under this section to improve the shelter occupied by the 
    poor.

(c) Use of solar energy technology

    In issuing guaranties under this section with respect to projects in 
a country which require the use or conservation of energy, the President 
shall give consideration to the use of solar energy technologies, where 
such technologies are economically and technically feasible. 
Technologies which may be used include solar hot water systems, solar 
heating and cooling, passive solar heating, biomass conversion, 
photovoltaic and wind applications, and community-scale solar thermal 
applications.

(k) \1\ Minimum annual program levels
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    \1\ So in original. No subsecs. (d) to (j) have been enacted.
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    The total principal amount of guaranties issued under this section 
for each of the fiscal years 1986 and 1987 shall be comparable to the 
total principal amount of such guaranties issued for fiscal year 1984, 
subject to the dollar limitations on the issuance of guaranties under 
this section which are contained in subsection (a) of this section and 
in appropriation Acts.

(Pub. L. 87-195, pt. I, Sec. 222, as added Pub. L. 91-175, pt. I, 
Sec. 105, Dec. 30, 1969, 83 Stat. 807; amended Pub. L. 94-161, title 
III, Sec. 311(4), Dec. 20, 1975, 89 Stat. 861; Pub. L. 95-88, title I, 
Sec. 117(a)(2), Aug. 3, 1977, 91 Stat. 540; Pub. L. 95-424, title I, 
Sec. 115(a), Oct. 6, 1978, 92 Stat. 950; Pub. L. 96-53, title I, 
Sec. 112(a), Aug. 14, 1979, 93 Stat. 363; Pub. L. 97-113, title III, 
Sec. 310(a), Dec. 29, 1981, 95 Stat. 1535; Pub. L. 98-473, title I, 
Sec. 101(1) [title V, Sec. 541(a)], Oct. 12, 1984, 98 Stat. 1884, 1903; 
Pub. L. 99-83, title III, Sec. 313(a)-(c), Aug. 8, 1985, 99 Stat. 216, 
217; Pub. L. 100-202, Sec. 101(e) [title II, Sec. 201], Dec. 22, 1987, 
101 Stat. 1329-131, 1329-142; Pub. L. 101-167, title II, Nov. 21, 1989, 
103 Stat. 1205; Pub. L. 101-302, title II, May 25, 1990, 104 Stat. 224; 
Pub. L. 101-513, title II, Nov. 5, 1990, 104 Stat. 1989.)

                          Codification

    Amendment by Pub. L. 98-473 is based on section 311(b) of H.R. 5119, 
Ninety-eighth Congress, as passed by the House of Representatives May 
10, 1984, which was enacted into permanent law by Pub. L. 98-473.


                            Prior Provisions

    A prior section 222 of Pub. L. 87-195, pt. I, Sept. 4, 1961, 75 
Stat. 430, as amended by Pub. L. 87-565, pt. I, Sec. 104(b), Aug. 1, 
1962, 76 Stat. 257; Pub. L. 88-205, pt. I, Sec. 104(b)-(f), Dec. 16, 
1963, 77 Stat. 381, 382; Pub. L. 89-171, pt. I, Sec. 104(c), Sept. 6, 
1965, 79 Stat. 654; Pub. L. 89-583, pt. I, Sec. 104(b), Sept. 19, 1966, 
80 Stat. 798; Pub. L. 90-137, pt. I, Sec. 104(b), Nov. 14, 1967, 81 
Stat. 451, contained general provisions concerning foreign investment 
guaranties, prior to the general reorganization of this subpart by Pub. 
L. 91-175, pt. I, Sec. 105, Dec. 30, 1969, 83 Stat. 807.


                               Amendments

    1990--Subsec. (a). Pub. L. 101-513 substituted ``1992'' for 
``1991''.
    Pub. L. 101-302 substituted ``$2,558,000,000'' for 
``$2,158,000,000''.
    1989--Subsec. (a). Pub. L. 101-167 substituted ``1991'' for 
``1990''.
    1987--Subsec. (a). Pub. L. 100-202 substituted ``1990'' for 
``1988''.
    1985--Subsec. (a). Pub. L. 99-83, Sec. 313(a), (b), substituted 
``$2,158,000,000'' for ``$1,958,000,000'' and ``1988'' for ``1986''.
    Subsec. (k). Pub. L. 99-83, Sec. 313(c), added subsec. (k).
    1984--Subsec. (a). Pub. L. 98-473 substituted ``$1,958,000,000'' for 
``$1,718,000,000'' and ``1986'' for ``1984''.
    1981--Subsec. (a). Pub. L. 97-113 increased limitation on total 
principal amount of outstanding guarantees to $1,718,000,000 from 
$1,555,000,000 and extended termination date for exercise of guarantee 
authority to Sept. 30, 1984, from Sept. 30, 1982.
    1979--Subsec. (a). Pub. L. 96-53 substituted ``$1,555,000,000'' for 
``$1,180,000,000'', and ``through September 30, 1982'' for ``until 
September 30, 1980''.
    1978--Pub. L. 95-424 amended section generally to provide a new 
consolidated section which provides a single authorization for the 
worldwide housing guarantee program, a new list of the types of programs 
to be emphasized, increased the worldwide authorization to 
$1,180,000,000, and encourages officials and governments in developing 
countries to consider the use of solar energy in housing projects.
    1977--Subsec. (c). Pub. L. 95-88 inserted ``or under section 2181 of 
this title'' after ``Latin American housing guaranty authority repealed 
by the Foreign Assistance Act of 1969'' and substituted 
``$1,030,000,000'' for ``$600,000,000''.
    1975--Subsec. (c). Pub. L. 94-161 substituted ``$600,000,000'' for 
``$550,000,000''.


                    Effective Date of 1985 Amendment

    Amendment by Pub. L. 99-83 effective Oct. 1, 1985, see section 1301 
of Pub. L. 99-83, set out as a note under section 2151-1 of this title.


                    Effective Date of 1979 Amendment

    Amendment by Pub. L. 96-53 effective Oct. 1, 1979, see section 
512(a) of Pub. L. 96-53, set out as a note under section 2151 of this 
title.


                    Effective Date of 1978 Amendment

    Amendment by Pub. L. 95-424 effective Oct. 1, 1978, see section 605 
of Pub. L. 95-424, set out as a note under section 2151 of this title.

                         Delegation of Functions

    For delegation of functions of President under this section, see Ex. 
Ord. No. 12163, Sept. 29, 1979, 44 F.R. 56673, as amended, set out as a 
note under section 2381 of this title.

                  Section Referred to in Other Sections

    This section is referred to in sections 2181, 2183, 2186 of this 
title.
