
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: 22USC2421a]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
                     CHAPTER 32--FOREIGN ASSISTANCE
 
          SUBCHAPTER III--GENERAL AND ADMINISTRATIVE PROVISIONS
 
                   Part III--Miscellaneous Provisions
 
Sec. 2421a. Capital projects office within Agency for 
        International Development
        

(a) Establishment of office

    The Administrator of AID shall establish a capital projects office 
to carry out the purposes described in subsection (b) of this section.

(b) Purposes of office

    The purposes referred to in subsection (a) of this section are--
        (1) to develop an AID program that would focus solely on 
    developmentally sound capital projects, taking into consideration 
    development needs of the host country and the export opportunities 
    for the United States; and
        (2) to consider specifically opportunities for United States 
    high-technology firms, including small- and medium-sized firms, in 
    supporting capital projects for developing countries and for 
    countries making the transition from nonmarket to market economies.

(c) Activities of AID

    The Administrator of AID (acting through the capital projects 
office), in coordination with the appropriate members of the Trade 
Promotion Coordination Committee--
        (1) shall support capital projects in developing countries and 
    in countries making the transition from nonmarket to market 
    economies;
        (2) shall periodically review infrastructure needs in developing 
    countries and countries making the transition from nonmarket to 
    market economies and shall explore opportunities for United States 
    firms in the development of new capital projects in these countries, 
    keeping both United States firms and the Congress informed of these 
    reviews;
        (3) shall ensure that each capital project for which AID 
    provides funding is developmentally sound, as determined under the 
    criteria developed by the Development Assistance Committee of the 
    Organization for Economic Cooperation and Development;
        (4) shall coordinate its activities with other AID offices, and 
    work with AID country missions, in developing capital projects that 
    provide opportunities for United States firms consistent with AID's 
    primary mission to help developing countries with traditional 
    development projects;
        (5) shall coordinate, where appropriate, funds available to AID 
    for tied-aid purposes; and
        (6) shall play a special role in helping to meet the 
    infrastructure needs of countries making the transition from 
    nonmarket to market economies by meeting the challenge of 
    infrastructure assistance provided by foreign governments to those 
    countries, including by undertaking a comprehensive study of the 
    infrastructure needs of the various countries making the transition 
    from nonmarket to market economies--
            (A) to identify those sectors in the economies of these 
        countries that are most in need of rebuilding, and
            (B) to identify the state of technology in these countries 
        and the opportunity for United States high technology firms to 
        help develop a technological infrastructure in these countries, 
        including an assessment of export opportunities for United 
        States high technology companies.

The results of the study conducted pursuant to paragraph (6) shall be 
reported to the appropriate congressional committees within 12 months 
after October 28, 1992.

(Pub. L. 102-549, title III, Sec. 302, Oct. 28, 1992, 106 Stat. 3658.)

                          Codification

    Section was enacted as part of the Aid, Trade, and Competitiveness 
Act of 1992 and also as part of the Jobs Through Exports Act of 1992, 
and not as part of the Foreign Assistance Act of 1961 which comprises 
this chapter.


                      Short Title of 1992 Amendment

    Section 301 of title III of Pub. L. 102-549 provided that: ``This 
title [enacting this section and sections 2421b to 2421e of this title 
and provisions set out as notes below] may be cited as the `Aid, Trade, 
and Competitiveness Act of 1992'.''


                 Reports to Congress on Capital Projects

    Section 305 of title III of Pub. L. 102-549 directed President, not 
later than May 1, 1993, to submit to Congress a report describing the 
extent to which United States Government resources have been expended 
specifically to support specified projects in developing countries and 
countries making the transition from nonmarket to market economies, the 
extent to which the activities of the United States Government have been 
coordinated, and the extent to which United States Government capital 
projects and tied-aid credit programs have affected United States 
exports.


   Report on Feasibility of AID Credit Guarantees To Finance Capital 
                                Projects

    Section 307 of Pub. L. 102-549 directed President, not later than 
May 1, 1993, to submit to Committee on Foreign Affairs and Committee on 
Appropriations of House of Representatives and Committee on Foreign 
Relations and Committee on Appropriations of Senate a report on 
feasibility of allowing AID to offer credit guarantees for financing of 
capital projects.

                  Section Referred to in Other Sections

    This section is referred to in sections 2421c, 2421e of this title.
