
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: 22USC285j]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
                 SUBCHAPTER XIV--ASIAN DEVELOPMENT BANK
 
Sec. 285j. United States Special Resources


(a) Development projects and programs

    The United States Special Resources shall be used to finance 
specific high priority development projects and programs in developing 
member countries of the Bank with emphasis on such projects and programs 
in the Southeast Asia region.

(b) Authorized uses

    The United States Special Resources shall be used by the Bank only 
for--
        (1) making development loans on terms which may be more flexible 
    and bear less heavily on the balance of payments than those 
    established by the Bank for its ordinary operations; and
        (2) providing technical assistance credits on a reimbursable 
    basis.

(c) Eligible goods and services

    (1) The United States Special Resources may be expended by the Bank 
only for procurement in the United States of goods produced in, or 
services supplied from the United States, except that the United States 
Governor, in consultation with the National Advisory Council on 
International Monetary and Financial Policies, may allow eligibility for 
procurement in other member countries from the United States Special 
Resources if he determines that such procurement eligibility would 
materially improve the ability of the Bank to carry out the objectives 
of its special funds resources and would be compatible with the 
international financial position of the United States.
    (2) The United States Special Resources may be used to pay for 
administrative expenses arising from the use of the United States 
Special Resources, but only to the extent such expenses are not covered 
from the Bank's service fee or income from use of United States Special 
Resources.

(d) Repayment in dollars

    All financing of programs and projects by the Bank from the United 
States Special Resources shall be repayable to the Bank by the borrowers 
in United States dollars.

(Pub. L. 89-369, Sec. 13, as added Pub. L. 92-245, Sec. 1, Mar. 10, 
1972, 86 Stat. 57.)

                         Delegation of Functions

    Functions of National Advisory Council on International Monetary and 
Financial Problems delegated to National Advisory Council on 
International Monetary and Financial Policies, see section 2(a) of Ex. 
Ord. No. 11269, Feb. 14, 1966, 31 F.R. 2813, set out as a note under 
section 286b of this title.

                  Section Referred to in Other Sections

    This section is referred to in section 285l of this title.
