
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document affected by Public Law 107-26 Section 1]
[CITE: 22USC2431c]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
                     CHAPTER 32--FOREIGN ASSISTANCE
 
  SUBCHAPTER IV--DEBT REDUCTION FOR DEVELOPING COUNTRIES WITH TROPICAL 
                                 FORESTS
 
Sec. 2431c. Eligibility for benefits


(a) In general

    To be eligible for benefits from the Facility under this subchapter, 
a country shall be a developing country with a tropical forest--
        (1) whose government meets the requirements applicable to Latin 
    American or Caribbean countries under paragraphs (1) through (5) and 
    (7) of section 2430b(a) of this title; and
        (2) that has put in place major investment reforms, as evidenced 
    by the conclusion of a bilateral investment treaty with the United 
    States, implementation of an investment sector loan with the Inter-
    American Development Bank, World Bank-supported investment reforms, 
    or other measures, as appropriate.

(b) Eligibility determinations

                           (1) In general

        Consistent with subsection (a) of this section, the President 
    shall determine whether a country is eligible to receive benefits 
    under this subchapter.

                   (2) Congressional notification

        The President shall notify the appropriate congressional 
    committees of his intention to designate a country as an eligible 
    country at least 15 days in advance of any formal determination.

(Pub. L. 87-195, pt. V, Sec. 805, as added Pub. L. 105-214, Sec. 1, July 
29, 1998, 112 Stat. 887.)


                            Prior Provisions

    A prior section 805 of Pub. L. 87-195, pt. V, enacted a provision 
set out as a note under former section 2431 of this title prior to 
repeal by Pub. L. 94-329, title IV, Sec. 413(a), June 30, 1976, 90 Stat. 
761.

                         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 2431a, 2431g of this title.
