22 USC 2185 - Trade credit insurance program for Poland

U.S Code last checked for updates: Nov 22, 2024

§ 2185.

Trade credit insurance program for Poland

(a)

General authority

(1)

Assurance to Export-Import Bank of repayment

(2)

Liabilities which may be guaranteed

(b)

Guarantees available only for short-term guarantees and insurance

(c)

Agreement on criteria and procedures

(d)

Reserve fund

(e)

Discharge of liabilities

(1)

Funds which may be used

(2)

Crediting of subsequent payments

(f)

Appropriations action required

(g)

Limitation on outstanding commitments

(h)

Omitted

(i)

Administrative and technical assistance

(j)

Fees and premiums

The Bank is authorized to charge fees and premiums, in connection with guarantees or insurance guaranteed by the administering agency under subsection (a), that are commensurate (in the judgment of the Bank) with the Bank’s administrative costs and the risks covered by the agency’s guarantees. Any amounts received by the Bank in excess of the estimated costs incurred by the Bank in administering such guarantees or insurance—

(1)

shall be credited to the reserve fund established pursuant to subsection (d),

(2)

shall be merged with the funds in such reserve, and

(3)

shall be available for the purpose of payments by the administering agency to the Bank for guarantees under subsection (a).

(k)

Restrictions not applicable

(l)

Expiration of authority

(m)

Definitions

For purposes of this section—

(1)

the term “administering agency” means the Agency for International Development;

(2)

the term “Administrator” means the Administrator of the Agency for International Development; and

(3)

the term “Bank” means the Export-Import Bank of the United States.

(Pub. L. 87–195, pt. I, § 225, as added Pub. L. 101–179, title III, § 304(a), Nov. 28, 1989, 103 Stat. 1312.)

cite as: 22 USC 2185