Title 22 — Foreign Relations and Intercourse
Part II · Chapter 32 — Foreign Assistance
§ 2183. General provisions
Statutory text
Fees; determination by President; reduction
A fee shall be charged for each guaranty issued under section 2182 or 2182a of this title in an amount to be determined by the President. In the event the fee to be charged for such type of guaranty is reduced, fees to be paid under existing contracts for the same type of guaranty may be similarly reduced.
Accumulated and existing fees; expenditure of fees; revolving fund account; investments; use of investment income
The amount of $50,000,000 of fees accumulated under prior investment guaranty provisions repealed by the Foreign Assistance Act of 1969, together with all fees collected in connection with guaranties issued under section 2182 of this title or under prior housing guaranty authorities, shall be available for meeting necessary administrative and operating expenses of carrying out the provisions of section 2182 of this title and administering housing guaranties heretofore authorized under this subpart and under prior housing guaranty provisions repealed by the Foreign Assistance Act of 1969 (including, but not limited to expenses pertaining to personnel, supplies, and printing), subject to such limitations as may be imposed in annual appropriation Acts; for meeting management and custodial costs incurred with respect to currencies or other assets acquired under guaranties made pursuant to section 2182 of this title or heretofore pursuant to this subpart or prior Latin American and other housing guaranty authorities repealed by the Foreign Assistance Act of 1969; and to pay the cost of investigating and adjusting (including costs of arbitration) claims under such guaranties; and shall be available for expenditure in discharge of liabilities under such guaranties until such time as all such property has been disposed of and all such liabilities have been discharged or have expired, or until all such fees have been expended in accordance with the provisions of this subsection. Fees collected in connection with guaranties issued under section 2182a of this title shall likewise be available to meet similar expenses, costs, or liabilities incurred in connection with the programs authorized by that section. All of the foregoing fees referred to in this section together with earnings thereon and other income arising from guaranty operations under this subpart shall be held in a revolving fund account maintained in the Treasury of the United States. All funds in such account may be invested in obligations of the United States. Any interest or other receipts derived from such investments shall be credited to such account and may be used for the purposes cited in this section.
Priorities of funds for guaranty payments
Any payments made to discharge liabilities under guaranties issued under section 2182 of this title or heretofore under this subpart or under prior Latin American or other housing guaranty authorities repealed by the Foreign Assistance Act of 1969, shall be paid first out of fees referred to in subsection (b) (excluding amounts required for purposes other than the discharge of liabilities under guaranties) as long as such fees are available, and thereafter shall be paid out of funds, if any, realized from the sale of currencies or other assets acquired in connection with any payment made to discharge liabilities under such guaranties as long as funds are available, and finally out of funds hereafter made available pursuant to subsection (e).
Guaranties as obligations backed by full faith and credit of United States
All guaranties issued under section 2182 or 2182a, or previously under section 2200 1 of this title or heretofore under this subpart or under prior Latin American or other housing guaranty authority repealed by the Foreign Assistance Act of 1969 shall constitute obligations, in accordance with the terms of such guaranties, of the United States of America and the full faith and credit of the United States of America is hereby pledged for the full payment and performance of such obligations.
Authorization of appropriations; borrowing authority
There is hereby authorized to be appropriated to the President such amounts, to remain available until expended, as may be necessary from time to time to carry out the purposes of this subpart.
In order to meet obligations incurred for the payment of claims pursuant to loan guaranties described in subsection (d), the Administrator of the agency primarily responsible for administering subchapter I of this chapter may, to the extent that reserves are not sufficient, borrow from time to time from the Treasury, except that—
the Administrator may exercise the authority to borrow under this paragraph only to such extent or in such amounts as are provided in advance in appropriation Acts; and
the amount borrowed under this paragraph which is outstanding at any one time may not exceed $100,000,000.
Any such borrowing shall bear interest at a rate determined by the Secretary of the Treasury, taking into account the current average market yield on outstanding marketable obligations of the United States of comparable maturities. The Secretary of the Treasury shall make loans under this paragraph and for such purpose may borrow on the credit of the United States in accordance with subchapter I of chapter 31 of title 31.
Agency determination of maximum rate of interest
In the case of any loan investment guaranteed under section 2182 of this title, the agency primarily responsible for administering subchapter I of this chapter shall prescribe the maximum rate of interest allowable to the eligible investor, which maximum rate shall not exceed by more than 1 per centum the then current rate of interest applicable to housing mortgages insured by the Department of Housing and Urban Development. The maximum allowable rate of interest under this subsection shall be prescribed by the agency as of the date the project covered by the investment is officially authorized and, prior to the execution of the contract, the agency may amend such rate at its discretion, consistent with the provisions of this subsection.
Guaranties under prior acts
Housing guaranties committed, authorized, or outstanding heretofore under this subpart or under prior housing guaranty authorities repealed by the Foreign Assistance Act of 1969 shall continue subject to provisions of law originally applicable thereto and fees collected hereafter with respect to such guaranties shall be available for the purposes specified in subsection (b).
Fraud or misrepresentation
No payment may be made under any guaranty issued pursuant to this subpart for any loss arising out of fraud or misrepresentation for which the party seeking payment is responsible.
Repealed. Pub. L. 95–424, title I, § 115(i), , 92 Stat. 952
Guaranties for housing projects; percentage requirement for families with income below median income
Guaranties shall be issued under section 2182 of this title only for housing projects which are coordinated with and complementary to any development assistance being furnished under part I of this subchapter and which are specifically designed to demonstrate the feasibility and suitability of particular kinds of housing or of financial or other institutional arrangements. Of the aggregate face value of housing guaranties hereafter issued under this subpart, not less than 90 per centum shall be issued for housing suitable for families with income below the median income (below the median urban income for housing in urban areas) in the country in which the housing is located.
Footnotes
- 1 See References in Text note below.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 87–195 · 75 Stat. 424
Enacted · 22 U.S.C. § 2183
Pub. L. 87–195, pt. I, § 223, as added Pub. L. 91–175, pt. I, § 105, Dec. 30, 1969, 83 Stat. 808
Source evidence
Code source credit
Pub. L. 87–195, pt. I, § 223, as added Pub. L. 91–175, pt. I, § 105, Dec. 30, 1969, 83 Stat. 808Foreign Assistance Act of 1971
Pub. L. 92–226 · 86 Stat. 20
Substituted · 22 U.S.C. § 2183(i)
Pub. L. 92–226 substituted “June 30, 1974” for “June 30, 1972”
Source evidence
Code amendment note
Subsec. (i). Pub. L. 92–226 substituted “June 30, 1974” for “June 30, 1972”.Foreign Assistance Act of 1973
Pub. L. 93–189 § 5(2) · 87 Stat. 714
Substituted · 22 U.S.C. § 2183(i)
Pub. L. 93–189 substituted “June 30, 1975” for “June 30, 1974”
Source evidence
Code amendment note
Subsec. (i). Pub. L. 93–189 substituted “June 30, 1975” for “June 30, 1974”.Enacted provision · exact public law section
(2) section 223(i), strike out “June 30, 1974” and insert in lieu 22 USC 2183. thereof “June 30, 1975”.Pub. L. 93–559 § 8(a)(3) · 88 Stat. 1795
Inserted · 22 U.S.C. § 2183(a)
Pub. L. 93–559, § 8(a)(3), inserted reference to section 2182a of this title
Source evidence
Code amendment note
Subsec. (a). Pub. L. 93–559, § 8(a)(3), inserted reference to section 2182a of this title.Enacted provision · exact public law section
(3) by striking out “section 221 or section 222” in section 223 22 USC 2183. (a) and inserting “section 221, 222, or 222A” in lieu thereof;Pub. L. 93–559 § 8(a)(4) · 88 Stat. 1795
Substituted · 22 U.S.C. § 2183(b)
Pub. L. 93–559, § 8(a)(4), substituted in first sentence “section 2181 and section 2182 of this title” for “this subpart”
Source evidence
Code amendment note
Subsec. (b). Pub. L. 93–559, § 8(a)(4), substituted in first sentence “section 2181 and section 2182 of this title” for “this subpart”.Enacted provision · exact public law section
(4) by striking out “this title” in section 223(b) and inserting “section 221 and section 222” in lieu thereof; andPub. L. 93–559 § 8(a)(5) · 88 Stat. 1795
Substituted · 22 U.S.C. § 2183(d)
Pub. L. 93–559, § 8(a)(5), substituted “section 2181, 2182, 2182a, or previously under section 2200 of this title” for “section 2181 or section 2182 of this title”
Source evidence
Code amendment note
Subsec. (d). Pub. L. 93–559, § 8(a)(5), substituted “section 2181, 2182, 2182a, or previously under section 2200 of this title” for “section 2181 or section 2182 of this title”.Enacted provision · exact public law section
(5) by striking out “section 221 or section 222” in section 223 (d) and inserting “section 221, 222, 222A, or previously under section 240 of this Act” in lieu thereof.Pub. L. 93–559 § 7(2) · 88 Stat. 1795
Substituted · 22 U.S.C. § 2183(i)
Pub. L. 93–559, § 7(2), substituted “June 30, 1976” for “June 30, 1975”
Source evidence
Code amendment note
Subsec. (i). Pub. L. 93–559, § 7(2), substituted “June 30, 1976” for “June 30, 1975”.Enacted provision · exact public law section
(2) In section 223(i), strike out “June 30, 1975” and insert in 22 USC 2183. lieu thereof “June 30, 1976”.International Development and Food Assistance Act of 1975
Pub. L. 94–161 § 311(5)(A) · 89 Stat. 849
Substituted · 22 U.S.C. § 2183(i)
Pub. L. 94–161, § 311(5)(A), substituted “September 30, 1978” for “June 30, 1976”
Source evidence
Code amendment note
Subsec. (i). Pub. L. 94–161, § 311(5)(A), substituted “September 30, 1978” for “June 30, 1976”.Enacted provision · exact public law section
(A) by striking out “June 30, 1976” in subsection (i) and inserting in lieu thereof “September 30, 1978”; andInternational Development and Food Assistance Act of 1975
Pub. L. 94–161 § 311(5)(B) · 89 Stat. 849
Added · 22 U.S.C. § 2183(j)
Pub. L. 94–161, § 311(5)(B), added subsec. (j)
Source evidence
Code amendment note
Subsec. (j). Pub. L. 94–161, § 311(5)(B), added subsec. (j).Enacted provision · exact public law section
(B) by adding at the end thereof the following new subsection: Housing guaranties. “(j) Guaranties shall be issued under sections 221 and 222 only for housing projects which (1) except for regional projects, are in countries which are receiving, or which in the previous two fiscal years have received, development assistance under chapter 1 of part I of this Act, (2) are coordinated with and complementary to such assistance, 22 USC 2151. and (3) are specifically designed to demonstrate the feasibility and suitability of particular kinds of housing or of financial or other institutional arrangements. Of the aggregate face value of housing guaranties hereafter issued under this title, not less than 90 per centum shall be issued for housing suitable for families with income below the median income (below the median urban income for housing in urban areas) in the country in which the housing is located. The face value of guaranties issued with respect to housing in any country shall not exceed $25,000,000 in any fiscal year, and the average face value of guaranties issued in any fiscal year shall not exceed $15,000,000. Notwithstanding the provisions of the first sentence of this subsection, the President is authorized to issue housing guaranties until September 30, 1977, as follows: In Israel, not exceeding a face amount of Israel and Portugal. $50,000,000, and in Portugal, not exceeding a face amount of $20,000,000.”.International Security Assistance and Arms Export Control Act of 1976
Pub. L. 94–329 title IV § 414 · 90 Stat. 729
Changed · 22 U.S.C. § 2183(j)
Pub. L. 94–329 authorized President to issue housing guaranties until September 30, 1977, in Lebanon, not exceeding a face amount of $15,000,000
Source evidence
Code amendment note
Subsec. (j). Pub. L. 94–329 authorized President to issue housing guaranties until September 30, 1977, in Lebanon, not exceeding a face amount of $15,000,000.Enacted provision · exact public law section
Sec. 414. lebanon housing reconstruction Section 223 (j) of the Foreign Assistance Act of 1961 is 22 USC 2183. amended by striking out. “and” in the last sentence and by inserting immediately before the period at the end of such sentence “, and in Lebanon, not exceeding a face amount of $15,000,000”.International Development and Food Assistance Act of 1977
Pub. L. 95–88 § 117(b)(2) · 91 Stat. 533
Substituted · 22 U.S.C. § 2183(b)
Pub. L. 95–88, § 117(b)(2), substituted “together with all fees collected in connection with guaranties issued under section 2181 or 2182 of this title or under prior housing guaranty authorities” for “together with all fees collected in connection with guaranties issued hereunder”
Inserted · 22 U.S.C. § 2183(b)
Pub. L. 95–88, § 117(b)(2), inserted provision that fees collected in connection with guaranties issued under section 2182a of this title shall likewise be available to meet similar expenses, costs, or liabilities incurred in connection with the programs authorized by that section
Source evidence
Code amendment note
Subsec. (b). Pub. L. 95–88, § 117(b)(2), substituted “together with all fees collected in connection with guaranties issued under section 2181 or 2182 of this title or under prior housing guaranty authorities” for “together with all fees collected in connection with guaranties issued hereunder” and inserted provision that fees collected in connection with guaranties issued under section 2182a of this title shall likewise be available to meet similar expenses, costs, or liabilities incurred in connection with the programs authorized by that section.Enacted provision · exact public law section
(2) Section 223(b) of such Act is amended— (A) by striking out “hereunder” and inserting in lieu thereof “under section 221 or 222 or under prior housing guaranty authorities”; and (B) by adding at the end thereof the following new sentence: “Fees collected in connection with guaranties issued under Supra. section 222A shall likewise be available to meet similar expenses, costs, or liabilities incurred in connection with the programs authorized by that section.”.International Development and Food Assistance Act of 1977
Pub. L. 95–88 § 117(a)(3) · 91 Stat. 533
Substituted · 22 U.S.C. § 2183(i)
Pub. L. 95–88, § 117(a)(3), substituted “September 30, 1979” for “September 30, 1978”
Source evidence
Code amendment note
Subsec. (i). Pub. L. 95–88, § 117(a)(3), substituted “September 30, 1979” for “September 30, 1978”.Enacted provision · exact public law section
(3) Section 223(i) of such Act is amended by striking out “1978” and inserting in lieu thereof “1979”.International Development and Food Assistance Act of 1977
Pub. L. 95–88 § 117(c) · 91 Stat. 533
Substituted · 22 U.S.C. § 2183(j)
Pub. L. 95–88, § 117(c), substituted “September 30, 1978” for “September 30, 1977” in provisions relating to housing guaranties in Lebanon
Substituted · 22 U.S.C. § 2183(j)
Pub. L. 95–88, § 117(c), substituted “$75,000,000” for “$50,000,000” in provisions relating to housing guaranties in Lebanon
Substituted · 22 U.S.C. § 2183(j)
Pub. L. 95–88, § 117(c), substituted “$30,000,000” for “$20,000,000” in provisions relating to housing guaranties in Lebanon
Substituted · 22 U.S.C. § 2183(j)
Pub. L. 95–88, § 117(c), substituted “$30,000,000” for “$15,000,000” in provisions relating to housing guaranties in Lebanon
Source evidence
Code amendment note
Subsec. (j). Pub. L. 95–88, § 117(c), substituted “September 30, 1978” for “September 30, 1977”, “$75,000,000” for “$50,000,000” in provisions relating to housing guaranties in Israel, “$30,000,000” for “$20,000,000” in provisions relating to housing guaranties in Portugal, and “$30,000,000” for “$15,000,000” in provisions relating to housing guaranties in Lebanon.Enacted provision · exact public law section
(c) Section 223(j) of such Act is amended in the last sentence— (1) by striking out “1977” and inserting in lieu thereof “1978”; and (2) by striking out “$50,000,000”, “$20,000,000”, and “$15,000,000” and inserting in lieu thereof “$75,000,000”, “$30,000,000”, and “$30,000,000”, respectively.Pub. L. 95–424 § 115(c) · 92 Stat. 937
Substituted · 22 U.S.C. § 2183(a)
Pub. L. 95–424, § 115(c), substituted “section 2182 or 2182a” for “section 2181, 2182, or 2182a”
Source evidence
Code amendment note
Subsec. (a). Pub. L. 95–424, § 115(c), substituted “section 2182 or 2182a” for “section 2181, 2182, or 2182a”.Enacted provision · exact public law section
(c) Section 223(a) of such Act is amended by striking out “221, 22 USC 2183. 222,” and inserting in lieu thereof “222”.Pub. L. 95–424 § 115(d) · 92 Stat. 937
Substituted · 22 U.S.C. § 2183(b)
Pub. L. 95–424, § 115(d), struck out “2181 or” after “guarantees issued under section”; substituted “section 2182 of this title and administering housing guaranties heretofore authorized under this subpart and under” for “section 2181 and section 2182 of this title and of”; struck out “2181 or” after “made pursuant to section”
Inserted · 22 U.S.C. § 2183(b)
Pub. L. 95–424, § 115(d), inserted “this subpart” after “heretofore pursuant to”
Source evidence
Code amendment note
Subsec. (b). Pub. L. 95–424, § 115(d), struck out “2181 or” after “guarantees issued under section”; substituted “section 2182 of this title and administering housing guaranties heretofore authorized under this subpart and under” for “section 2181 and section 2182 of this title and of”; struck out “2181 or” after “made pursuant to section”, and inserted “this subpart” after “heretofore pursuant to”.Enacted provision · exact public law section
(d) Section 223(b) of such Act is amended in the first sentence— (1) by striking out “221 or” the first place it appears; (2) by striking out “221 and section 222 and of” and inserting in lieu thereof “222 and administering housing guaranties heretofore authorized under this title and under”; (3) by striking out “section 221 or” the second place it appears; and (4) by inserting “this title or” immediately after “heretofore pursuant to”.Pub. L. 95–424 § 115(e) · 92 Stat. 937
Struck · 22 U.S.C. § 2183(c)
Pub. L. 95–424, § 115(e), struck out “section 2181 or” after “guaranties issued under”
Inserted · 22 U.S.C. § 2183(c)
Pub. L. 95–424, § 115(e), inserted “under this subpart or” after “heretofore”
Source evidence
Code amendment note
Subsec. (c). Pub. L. 95–424, § 115(e), struck out “section 2181 or” after “guaranties issued under”, and inserted “under this subpart or” after “heretofore”.Enacted provision · exact public law section
(e) Section 223(c) of such Act is amended by striking out “section 221 or” and by inserting “under this title or” immediately after “heretofore”.Pub. L. 95–424 § 115(f) · 92 Stat. 937
Substituted · 22 U.S.C. § 2183(d)
Pub. L. 95–424, § 115(f), substituted “section 2182 or 2182a” for “section 2181, 2182, 2182a”
Inserted · 22 U.S.C. § 2183(d)
Pub. L. 95–424, § 115(f), inserted “under this subpart” after “heretofore”
Source evidence
Code amendment note
Subsec. (d). Pub. L. 95–424, § 115(f), substituted “section 2182 or 2182a” for “section 2181, 2182, 2182a”, and inserted “under this subpart” after “heretofore”.Enacted provision · exact public law section
(f) Section 223 (d) of such Act is amended— (1) by striking out “221, 222, 222A,” and inserting in lieu thereof “222 or 222A”; and (2) by inserting “under this title or” immediately after “heretofore”.Pub. L. 95–424 § 115(g) · 92 Stat. 937
Substituted · 22 U.S.C. § 2183(f)
Pub. L. 95–424, § 115(g), substituted “section 2182” for “section 2181 or 2182”
Source evidence
Code amendment note
Subsec. (f). Pub. L. 95–424, § 115(g), substituted “section 2182” for “section 2181 or 2182”.Enacted provision · exact public law section
(g) Section 223(f) of such Act is amended in the first sentence by striking out “section 221 or”.Pub. L. 95–424 § 115(h) · 92 Stat. 937
Inserted · 22 U.S.C. § 2183(g)
Pub. L. 95–424, § 115(h), inserted “heretofore under this subpart” after “outstanding”
Source evidence
Code amendment note
Subsec. (g). Pub. L. 95–424, § 115(h), inserted “heretofore under this subpart” after “outstanding”.Enacted provision · exact public law section
(h) Section 223(g) of such Act is amended by inserting “heretofore under this title or” immediately after “outstanding”.Pub. L. 95–424 § 115(i) · 92 Stat. 937
Struck · 22 U.S.C. § 2183(i)
Pub. L. 95–424, § 115(i), struck out subsec. (i) directing that the authority of sections 2181 and 2182 of this title shall continue until Sept. 30, 1979
Source evidence
Code amendment note
Subsec. (i). Pub. L. 95–424, § 115(i), struck out subsec. (i) directing that the authority of sections 2181 and 2182 of this title shall continue until Sept. 30, 1979.Enacted provision · exact public law section
(i) Section 223 (i) of such Act is repealed. Repeal. 22 USC 2183.Pub. L. 95–424 § 115(j) · 92 Stat. 937
Substituted · 22 U.S.C. § 2183(j)
Pub. L. 95–424, § 115(j), substituted “section 2182” for “sections 2181 and 2182”
Source evidence
Code amendment note
Subsec. (j). Pub. L. 95–424, § 115(j), substituted “section 2182” for “sections 2181 and 2182”.Enacted provision · exact public law section
(j) Section 223(j) of such Act is amended by striking out “sections 221 and” in the first sentence and inserting in lieu thereof “section”.International Development Cooperation Act of 1979
Pub. L. 96–53 § 112(c) · 93 Stat. 359
Substituted · 22 U.S.C. § 2183(f)
Pub. L. 96–53, § 112(c), substituted “the Department of Housing and Urban Development” for “such Department”
Struck · 22 U.S.C. § 2183(f)
Pub. L. 96–53, § 112(c), struck out provisions setting forth minimum rate of interest as not less than one-half of one per centum above the then current rate on mortgages insured by the Department of Housing and Urban Development
Source evidence
Code amendment note
Subsec. (f). Pub. L. 96–53, § 112(c), substituted “the Department of Housing and Urban Development” for “such Department”, and struck out provisions setting forth minimum rate of interest as not less than one-half of one per centum above the then current rate on mortgages insured by the Department of Housing and Urban Development.Enacted provision · exact public law section
(c) Section 223(f) of such Act is amended— (1) by striking out everything after “not” in the first sentence through “exceeds” in the second sentence and inserting in lieu thereof “ exceed”; and (2) by striking out “such Department” and inserting in lieu thereof “the Department of Housing and Urban Development”.International Development Cooperation Act of 1979
Pub. L. 96–53 § 112(d) · 93 Stat. 359
Struck · 22 U.S.C. § 2183(j)
Pub. L. 96–53, § 112(d), struck out requirement that except for regional projects, guarantees for housing projects be granted to countries receiving or which have received in the two previous years assistance under part I of this subchapter
Substituted · 22 U.S.C. § 2183(j)
Pub. L. 96–53, § 112(d), substituted provisions authorizing face amounts of housing guarantees through September 30, 1982 of not less than $25,000,000 for Israel and Egypt for provisions authorizing face amounts of housing guarantees until September 30, 1978 of an amount not to exceed $75,000,000 in Israel and $30,000,000 in Portugal and Lebanon
Source evidence
Code amendment note
Subsec. (j). Pub. L. 96–53, § 112(d), struck out requirement that except for regional projects, guarantees for housing projects be granted to countries receiving or which have received in the two previous years assistance under part I of this subchapter and substituted provisions authorizing face amounts of housing guarantees through September 30, 1982 of not less than $25,000,000 for Israel and Egypt for provisions authorizing face amounts of housing guarantees until September 30, 1978 of an amount not to exceed $75,000,000 in Israel and $30,000,000 in Portugal and Lebanon.Enacted provision · exact public law section
(d) Section 223(j) of such Act is amended— (1) in the first sentence, by striking out “(1)” and all that follows through “(3)” and inserting in lieu thereof “are coordinated with and complementary to any development assistance being furnished under chapter 1 of this part and which”; and (2) by striking out the last sentence and inserting in lieu thereof the following: “Of the total amount of housing guaranties authorized to be issued under section 222 through September 30, 1982, not less than a face amount of $25,000,000 shall be issued for projects in Israel and not less than a face amount of $25,000,000 shall be issued for projects in Egypt.”.Pub. L. 97–113 title III § 310(b) · 95 Stat. 1519
Changed · 22 U.S.C. § 2183(b)
Pub. L. 97–113 provided for maintenance of a revolving fund account in the Treasury consisting of fees, earnings from fees, and income from guaranty operations and authorized investment of account funds in obligations of the United States and use of investment income
Source evidence
Code amendment note
Subsec. (b). Pub. L. 97–113 provided for maintenance of a revolving fund account in the Treasury consisting of fees, earnings from fees, and income from guaranty operations and authorized investment of account funds in obligations of the United States and use of investment income.Enacted provision · exact public law section
(b) Section 223(b) of such Act is amended by adding at the end 22 USC 2183. thereof the following: “All of the foregoing fees referred to in this section together with earnings thereon and other income arising from guaranty operations under this title shall be held in a revolving fund account maintained in the Treasury of the United States. All funds in such account may be invested in obligations of the United States. Any interest or other receipts derived from such investments shall be credited to such account and may be used for the purposes cited in this section.”.Pub. L. 98–473 title I § 101(1) · 98 Stat. 1837
Amended · 22 U.S.C. § 2183(e)
Pub. L. 98–473 designated existing provisions as par. (1)
Added · 22 U.S.C. § 2183(e)
Pub. L. 98–473 added par. (2)
Source evidence
Code amendment note
Subsec. (e). Pub. L. 98–473 designated existing provisions as par. (1) and added par. (2).Enacted provision · exact public law section
(1) On Outer Continental Shelf protraction diagram NJ 19–1; blocks 36, 37, 38, 42–44, 80–82, 86–88, 124, 125, 130–132, 168, 169, 174–176, 212, 213.Effective date note
Section 311(d) of H.R. 5119, as passed by the House of Representatives on May 10, 1984, and enacted into permanent law by Pub. L. 98–473, § 101(1) [title V, § 541(a)], Oct. 12, 1984, 98 Stat. 1884, 1903, provided that: “The amendment made by subsection (c) of this section [amending this section] shall take effect on the date of enactment of this Act [Oct. 12, 1984].”Department of Commerce Appropriation Act, 1988
Pub. L. 100–202 § 101(e)(tII)(s201) · 101 Stat. 1329
Substituted · 22 U.S.C. § 2183(e)(2)(A)(ii)
Pub. L. 100–202 substituted “$100,000,000” for “$40,000,000”
Source evidence
Code amendment note
Subsec. (e)(2)(A)(ii). Pub. L. 100–202 substituted “$100,000,000” for “$40,000,000”.Enacted provision · exact public law section
Sec. 101. During the current fiscal year, applicable appropriations and funds available to the Department of Commerce shall be available for the activities specified in the Act of October 26, 1949 (15 U.S.C. 1514), to the extent and in the manner prescribed by said Act, and, notwithstanding 31 U.S.C. 3324, may be used for advance payments not otherwise authorized only upon the certification of officials designated by the Secretary that such payments are in the public interest.Pub. L. 105–277 div. A § 101(d)(tII) · 112 Stat. 2681
Struck · 22 U.S.C. § 2183(j)
Pub. L. 105–277 struck out at end “The face value of guaranties issued with respect to housing in any country shall not exceed $25,000,000 in any fiscal year, and the average face value of guaranties issued in any fiscal year shall not exceed $15,000,000. Of the total amount of housing guaranties authorized to be issued under section 2182 of this title through September 30, 1982, not less than a face amount of $25,000,000 shall be issued for projects in Israel and not less than a face amount of $25,000,000 shall be issued for projects in Egypt.”
Source evidence
Code amendment note
Subsec. (j). Pub. L. 105–277 struck out at end “The face value of guaranties issued with respect to housing in any country shall not exceed $25,000,000 in any fiscal year, and the average face value of guaranties issued in any fiscal year shall not exceed $15,000,000. Of the total amount of housing guaranties authorized to be issued under section 2182 of this title through September 30, 1982, not less than a face amount of $25,000,000 shall be issued for projects in Israel and not less than a face amount of $25,000,000 shall be issued for projects in Egypt.”Enacted provision · exact public law section
Sec. 101. For programs, projects or activities in the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999, provided as follows, to be effective as if it had been enacted into law as the regular appropriations Act: AN ACT Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 1999, and for other purposes. Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999.
35 of 37 references resolved to an enrolled provision · 2 partial
Editorial Notes
References in Text
The Foreign Assistance Act of 1969, referred to in subsecs. (b), (c), (d), and (g), is Pub. L. 91–175, , 83 Stat. 805. For complete classification of this Act to the Code, see Short Title note set out under section 2151 of this title and Tables. The guaranty authorities repealed by the 1969 Act were the guaranty authorities contained in sections 2181 to 2184 prior to the general reorganization of this subpart by the 1969 Act.
Section 2200 of this title, referred to in subsec. (d), was in the original a reference to section 240 of this Act, meaning section 240 of Pub. L. 87–195, as added by section 105 of Pub. L. 91–175, which was repealed by section 8(b) of Pub. L. 93–559, and was replaced by section 2182a of this title. Another section 240 of Pub. L. 87–195, as added by section 9 of Pub. L. 95–268, was enacted , and was classified to section 2200 of this title, prior to repeal by Pub. L. 115–254, div. F, title VI, § 1464(2), , 132 Stat. 3513.
Codification
Amendment by Pub. L. 98–473 is based on section 311(c) of H.R. 5119, Ninety-eighth Congress, as passed by the House of Representatives , which was enacted into permanent law by Pub. L. 98–473.
Prior Provisions
A prior section 223 of Pub. L. 87–195, pt. I, , 75 Stat. 431, as amended by Pub. L. 89–171, pt. I, § 104(d), , 79 Stat. 654; Pub. L. 90–137, pt. I, § 104(c), , 81 Stat. 451, contained definitions, prior to the general reorganization of this subpart by Pub. L. 91–175, pt. I, § 105, , 83 Stat. 807.
Amendments1972–1998 · 12 rounds
1998
Subsec. (j). Pub. L. 105–277 struck out at end “The face value of guaranties issued with respect to housing in any country shall not exceed $25,000,000 in any fiscal year, and the average face value of guaranties issued in any fiscal year shall not exceed $15,000,000. Of the total amount of housing guaranties authorized to be issued under section 2182 of this title through , not less than a face amount of $25,000,000 shall be issued for projects in Israel and not less than a face amount of $25,000,000 shall be issued for projects in Egypt.”
1987
Subsec. (e)(2)(A)(ii). Pub. L. 100–202 substituted “$100,000,000” for “$40,000,000”.
1984
Subsec. (e). Pub. L. 98–473 designated existing provisions as par. (1) and added par. (2).
1981
Subsec. (b). Pub. L. 97–113 provided for maintenance of a revolving fund account in the Treasury consisting of fees, earnings from fees, and income from guaranty operations and authorized investment of account funds in obligations of the United States and use of investment income.
1979
Subsec. (f). Pub. L. 96–53, § 112(c), substituted “the Department of Housing and Urban Development” for “such Department”, and struck out provisions setting forth minimum rate of interest as not less than one-half of one per centum above the then current rate on mortgages insured by the Department of Housing and Urban Development.
Subsec. (j). Pub. L. 96–53, § 112(d), struck out requirement that except for regional projects, guarantees for housing projects be granted to countries receiving or which have received in the two previous years assistance under part I of this subchapter and substituted provisions authorizing face amounts of housing guarantees through of not less than $25,000,000 for Israel and Egypt for provisions authorizing face amounts of housing guarantees until of an amount not to exceed $75,000,000 in Israel and $30,000,000 in Portugal and Lebanon.
1978
Subsec. (a). Pub. L. 95–424, § 115(c), substituted “section 2182 or 2182a” for “section 2181, 2182, or 2182a”.
Subsec. (b). Pub. L. 95–424, § 115(d), struck out “2181 or” after “guarantees issued under section”; substituted “section 2182 of this title and administering housing guaranties heretofore authorized under this subpart and under” for “section 2181 and section 2182 of this title and of”; struck out “2181 or” after “made pursuant to section”, and inserted “this subpart” after “heretofore pursuant to”.
Subsec. (c). Pub. L. 95–424, § 115(e), struck out “section 2181 or” after “guaranties issued under”, and inserted “under this subpart or” after “heretofore”.
Subsec. (d). Pub. L. 95–424, § 115(f), substituted “section 2182 or 2182a” for “section 2181, 2182, 2182a”, and inserted “under this subpart” after “heretofore”.
Subsec. (f). Pub. L. 95–424, § 115(g), substituted “section 2182” for “section 2181 or 2182”.
Subsec. (g). Pub. L. 95–424, § 115(h), inserted “heretofore under this subpart” after “outstanding”.
Subsec. (i). Pub. L. 95–424, § 115(i), struck out subsec. (i) directing that the authority of sections 2181 and 2182 of this title shall continue until .
Subsec. (j). Pub. L. 95–424, § 115(j), substituted “section 2182” for “sections 2181 and 2182”.
1977
Subsec. (b). Pub. L. 95–88, § 117(b)(2), substituted “together with all fees collected in connection with guaranties issued under section 2181 or 2182 of this title or under prior housing guaranty authorities” for “together with all fees collected in connection with guaranties issued hereunder” and inserted provision that fees collected in connection with guaranties issued under section 2182a of this title shall likewise be available to meet similar expenses, costs, or liabilities incurred in connection with the programs authorized by that section.
Subsec. (i). Pub. L. 95–88, § 117(a)(3), substituted “” for “”.
Subsec. (j). Pub. L. 95–88, § 117(c), substituted “” for “”, “$75,000,000” for “$50,000,000” in provisions relating to housing guaranties in Israel, “$30,000,000” for “$20,000,000” in provisions relating to housing guaranties in Portugal, and “$30,000,000” for “$15,000,000” in provisions relating to housing guaranties in Lebanon.
1976
Subsec. (j). Pub. L. 94–329 authorized President to issue housing guaranties until , in Lebanon, not exceeding a face amount of $15,000,000.
1975
Subsec. (i). Pub. L. 94–161, § 311(5)(A), substituted “” for “”.
Subsec. (j). Pub. L. 94–161, § 311(5)(B), added subsec. (j).
1974
Subsec. (a). Pub. L. 93–559, § 8(a)(3), inserted reference to section 2182a of this title.
Subsec. (b). Pub. L. 93–559, § 8(a)(4), substituted in first sentence “section 2181 and section 2182 of this title” for “this subpart”.
Subsec. (d). Pub. L. 93–559, § 8(a)(5), substituted “section 2181, 2182, 2182a, or previously under section 2200 of this title” for “section 2181 or section 2182 of this title”.
Subsec. (i). Pub. L. 93–559, § 7(2), substituted “” for “”.
1973
Subsec. (i). Pub. L. 93–189 substituted “” for “”.
1972
Subsec. (i). Pub. L. 92–226 substituted “” for “”.
Statutory Notes and Related Subsidiaries
References to Subchapter I Deemed To Include Certain Parts of Subchapter II
References to subchapter I of this chapter are deemed to include parts IV (§ 2346 et seq.), VI (§ 2348 et seq.), and VIII (§ 2349aa et seq.) of subchapter II of this chapter, and references to subchapter II are deemed to exclude such parts. See section 202(b) of Pub. L. 92–226, set out as a note under section 2346 of this title, and sections 2348c and 2349aa–5 of this title.
References to Part I Deemed To Include Section 2293
References to part I of this subchapter are deemed to include a reference to section 2293 of this title. See section 2293(d)(1) of this title.
Effective Date of 1984 Amendment
Section 311(d) of H.R. 5119, as passed by the House of Representatives on , and enacted into permanent law by Pub. L. 98–473, § 101(1) [title V, § 541(a)], , 98 Stat. 1884, 1903, provided that: “The amendment made by subsection (c) of this section [amending this section] shall take effect on the date of enactment of this Act [].”
Effective Date of 1979 Amendment
Amendment by Pub. L. 96–53 effective , see section 512(a) of Pub. L. 96–53, set out as a note under section 2151 of this title.
Effective Date of 1978 Amendment
Amendment by Pub. L. 95–424 effective , see section 605 of Pub. L. 95–424, set out as a note under section 2151 of this title.
Executive Documents
Delegation of Functions
For delegation of functions of President under this section, see Ex. Ord. No. 12163, , 44 F.R. 56673, as amended, set out as a note under section 2381 of this title.
Credits
1969–1998 · 13 acts
- 1969Pub. L. 87–195, pt. I, § 223, as added Pub. L. 91–175, pt. I, § 105, , 83 Stat. 808
- 1972amended Pub. L. 92–226, pt. I, § 103(b) , 86 Stat. 22
- 1973Pub. L. 93–189, § 5(2), , 87 Stat. 717
- 1974Pub. L. 93–559, §§ 7(2), 8(a)(3)–(5), , 88 Stat. 1796, 1797
- 1975Pub. L. 94–161, title III, § 311(5), , 89 Stat. 861
- 1976Pub. L. 94–329, title IV, § 414, , 90 Stat. 761
- 1977Pub. L. 95–88, title I, § 117(a)(3), (b)(2), (c), , 91 Stat. 540
- 1978Pub. L. 95–424, title I, § 115(c)–(j), , 92 Stat. 951, 952
- 1979Pub. L. 96–53, title I, § 112(c), (d), , 93 Stat. 364
- 1981Pub. L. 97–113, title III, § 310(b), , 95 Stat. 1535
- 1984Pub. L. 98–473, title I, § 101(1) [title V, § 541(a)], , 98 Stat. 1884, 1903
- 1987Pub. L. 100–202, § 101(e) [title II, § 201], , 101 Stat. 1329–131, 1329–142
- 1998Pub. L. 105–277, div. A, § 101(d) [title II], , 112 Stat. 2681–150, 2681–157.
Show as published
(Pub. L. 87–195, pt. I, § 223, as added Pub. L. 91–175, pt. I, § 105, , 83 Stat. 808; amended Pub. L. 92–226, pt. I, § 103(b) , 86 Stat. 22; Pub. L. 93–189, § 5(2), , 87 Stat. 717; Pub. L. 93–559, §§ 7(2), 8(a)(3)–(5), , 88 Stat. 1796, 1797; Pub. L. 94–161, title III, § 311(5), , 89 Stat. 861; Pub. L. 94–329, title IV, § 414, , 90 Stat. 761; Pub. L. 95–88, title I, § 117(a)(3), (b)(2), (c), , 91 Stat. 540; Pub. L. 95–424, title I, § 115(c)–(j), , 92 Stat. 951, 952; Pub. L. 96–53, title I, § 112(c), (d), , 93 Stat. 364; Pub. L. 97–113, title III, § 310(b), , 95 Stat. 1535; Pub. L. 98–473, title I, § 101(1) [title V, § 541(a)], , 98 Stat. 1884, 1903; Pub. L. 100–202, § 101(e) [title II, § 201], , 101 Stat. 1329–131, 1329–142; Pub. L. 105–277, div. A, § 101(d) [title II], , 112 Stat. 2681–150, 2681–157.)