22 USC 2430c - Reduction of certain debt

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

§ 2430c.

Reduction of certain debt

(a)

Authority to reduce debt

(1)

Authority

(2)

Appropriations requirement

(3)

Certain prohibitions inapplicable

(A)

A reduction of debt pursuant to this section shall not be considered assistance for purposes of any provision of law limiting assistance to a country.

(B)

The authority of this section may be exercised notwithstanding section 2370(r) of this title or section 321 of the International Development and Food Assistance Act of 1975.

(b)

Implementation of debt reduction

(1)

In general

(2)

Exchange of obligations

(Pub. L. 87–195, pt. IV, § 704, as added Pub. L. 102–549, title VI, § 602(a), Oct. 28, 1992, 106 Stat. 3665.)

cite as: 22 USC 2430c