12 USC 635q - Establishment of tied aid credit program in United States Export-Import Bank

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

§ 635q.

Establishment of tied aid credit program in United States Export-Import Bank

(a)

Establishment and elements of program; cooperation with Trade and Development Agency and private institutions and entities

(1)

The Chairman of the Export-Import Bank of the United States shall establish, within the Export-Import Bank of the United States, a program of tied aid credits for United States exports.

(2)

The program shall be carried out in cooperation with the Trade and Development Agency and with private financial institutions or entities, as appropriate.

(3)

The program may include—

(A)

the combined use of the credits, loans, or guarantees offered by the Export-Import Bank of the United States with concessional financing or grants made available under section 635r(d) of this title, by methods including the blending of the financing of, or parallel financing by, the Bank and the Trade and Development Agency; and

(B)

the combined use of credits, loans, or guarantees offered by the Bank, with financing offered by private financial institutions or entities, by methods including the blending of the financing of, or parallel financing by, the Bank and private institutions or entities.

(b)

Purpose of program

(c)

Fund

(d)

Availability of concessional financing or grants

(Pub. L. 98–181, title I [title VI, § 644], Nov. 30, 1983, 97 Stat. 1264; Pub. L. 100–418, title II, § 2204(c)(1)(A), Aug. 23, 1988, 102 Stat. 1330; Pub. L. 102–549, title II, § 202(c)(1), Oct. 28, 1992, 106 Stat. 3658.)

cite as: 12 USC 635q