
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC2281]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
                     CHAPTER 32--FOREIGN ASSISTANCE
 
                 SUBCHAPTER I--INTERNATIONAL DEVELOPMENT
 
                   Part VII--Debt-for-Nature Exchanges
 
Sec. 2281. ``Debt-for-nature exchange'' defined

    For purpose of this part, the term ``debt-for-nature exchange'' 
means the cancellation or redemption of the foreign debt of the 
government of a country in exchange for--
        (1) that government's making available local currencies 
    (including through the issuance of bonds) which are used only for 
    eligible projects involving the conservation or protection of the 
    environment in that country (as described in section 2283 of this 
    title); or
        (2) that government's financial resource or policy commitment to 
    take certain specified actions to ensure the restoration, 
    protection, or sustainable use of natural resources within that 
    country; or
        (3) a combination of assets and actions under both paragraphs 
    (1) and (2).

(Pub. L. 87-195, pt. I, Sec. 461 [471], as added Pub. L. 101-240, title 
VII, Sec. 711, Dec. 19, 1989, 103 Stat. 2521.)

                       References in Text

    Section 2283 of this title, referred to in par. (1), was in the 
original ``section 463'', meaning section 463 of Pub. L. 87-195, which 
has been translated as meaning section 463 of Pub. L. 87-195 relating to 
eligible projects rather than section 463 of Pub. L. 87-195, relating to 
the peace process in Central America, which is classified to section 
2273 of this title.

                          Codification

    Another section 461 of Pub. L. 87-195 is classified to section 2271 
of this title.


                            Prior Provisions

    A prior section 2281, Pub. L. 87-195, pt. I, Sec. 471, as added Pub. 
L. 89-583, pt. I, Sec. 110, Sept. 19, 1966, 80 Stat. 802, related to 
agreements with less developed countries for establishment of Joint 
Commissions on Rural Development, prior to repeal by Pub. L. 95-424, 
title VI, Sec. 604, Oct. 6, 1978, 92 Stat. 961, effective Oct. 1, 1978.
