
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: 22USC290j-1]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
SUBCHAPTER XXV--UNITED STATES-INDIA FUND FOR CULTURAL, EDUCATIONAL, AND 
                         SCIENTIFIC COOPERATION
 
Sec. 290j-1. Use of United States owned rupees to capitalize the 
        Fund
        
    (a) Subject to applicable requirements concerning reimbursement to 
the Treasury for United States owned foreign currencies, the President 
may make available to the Fund, for use in carrying out the agreement 
authorized by section 290j of this title, up to the equivalent of 
$200,000,000 in foreign currencies owned by the United States in India 
or owed to the United States by the Government of India. Such use may 
include investment in order to generate interest which would be retained 
in the Fund and used to support programs pursuant to that agreement.
    (b) In accordance with the agreement negotiated pursuant to section 
290j(a) of this title, sums made available for investment for the United 
States-India Fund for Cultural, Educational, and Scientific Cooperation 
under the Departments of Commerce, Justice, and State, and the Judiciary 
and Related Agencies Appropriation Act, 1985, and any earnings on such 
sums shall be available for the purposes of section 290j(a) of this 
title.

(Pub. L. 98-164, title IX, Sec. 903, Nov. 22, 1983, 97 Stat. 1051; Pub. 
L. 99-93, title VIII, Sec. 808, Aug. 16, 1985, 99 Stat. 452; Pub. L. 
100-204, title III, Sec. 305, Dec. 22, 1987, 101 Stat. 1379.)

                       References in Text

    The Departments of Commerce, Justice, and State, the Judiciary, and 
Related Agencies Appropriation Act, 1985, referred to in subsec. (b), is 
Pub. L. 98-411, Aug. 30, 1984, 98 Stat. 1545. For provisions relating to 
contribution to the United States-India Fund for Cultural, Educational, 
and Scientific Cooperation, see 98 Stat. 1567.


                               Amendments

    1987--Subsec. (b). Pub. L. 100-204 amended subsec. (b) generally. 
Prior to amendment, subsec. (b) read as follows: ``Pending completion of 
the negotiation of an agreement with the Government of India, the annual 
earnings generated by the moneys appropriated by the Departments of 
Commerce, Justice, and State, the Judiciary, and Related Agencies 
Appropriation Act, 1985, may be used for the purposes set out in section 
290j(a) of this title.''
    1985--Pub. L. 99-93 designated existing provisions as subsec. (a) 
and added subsec. (b).
