
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: 22USC2430f]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
                     CHAPTER 32--FOREIGN ASSISTANCE
 
        SUBCHAPTER III-A--ENTERPRISE FOR THE AMERICAS INITIATIVE
 
Sec. 2430f. Enterprise for the Americas Funds


(a) Establishment

    Each beneficiary country that enters into an Americas Framework 
Agreement shall be required to establish an Enterprise for the Americas 
Fund to receive payments in local currency pursuant to section 
2430e(b)(1) of this title.

(b) Deposits

    Local currencies deposited in an Americas Fund shall not be 
considered assistance for purposes of any provision of law limiting 
assistance to a country.

(c) Investment

    Deposits made in an Americas Fund shall be invested until disbursed. 
Any return on such investment may be retained by the Americas Fund, 
without deposit in the Treasury of the United States and without further 
appropriation by the Congress.

(d) Disbursements

    Funds in an Americas Fund shall be disbursed only pursuant to an 
Americas Framework Agreement.

(Pub. L. 87-195, pt. IV, Sec. 707, as added Pub. L. 102-549, title VI, 
Sec. 602(a), Oct. 28, 1992, 106 Stat. 3666.)


                            Prior Provisions

    A prior section 707 of Pub. L. 87-195, pt. IV, Sept. 4, 1961, 75 
Stat. 464, amended section 1783 of this title, prior to repeal by Pub. 
L. 87-565, pt. IV, Sec. 401, Aug. 1, 1962, 76 Stat. 263, except insofar 
as section 707 affected section 1783.

                  Section Referred to in Other Sections

    This section is referred to in sections 2430a, 2430e, 2431h of this 
title.
