Title 22 — Foreign Relations and Intercourse
Chapter 7 — International Bureaus, Congresses, Etc.
§ 284y. Multilateral debt relief
Statutory text
Authorization of contribution
The Secretary of the Treasury is authorized to contribute, on behalf of the United States, not more than $474,000,000 to the International Development Association for the purpose of funding debt relief cost under the Multilateral Debt Relief Initiative incurred in the period governed by the sixteenth replenishment of resources of the International Development Association, subject to obtaining the necessary appropriations and without prejudice to any funding arrangements in existence on .
Appropriations
In order to pay for the United States contribution provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, not more than $474,000,000 for payment by the Secretary of the Treasury.
Multilateral Debt Relief Initiative
In this section, the term “Multilateral Debt Relief Initiative” means the proposal set out in the G8 Finance Ministers’ Communiqué entitled “Conclusions on Development”, done at London, , and reaffirmed by G8 Heads of State at the Gleneagles Summit on .
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. 86–565 § 27 · 74 Stat. 293
Enacted · 22 U.S.C. § 284y
(Pub. L. 86–565, § 27, as added Pub. L. 112–74, div. I, title VII, § 7083(a), Dec. 23, 2011, 125 Stat. 1262.)
Source evidence
Code source credit
(Pub. L. 86–565, § 27, as added Pub. L. 112–74, div. I, title VII, § 7083(a), Dec. 23, 2011, 125 Stat. 1262.)
0 of 1 references resolved to an enrolled provision · 1 partial
Credits
(Pub. L. 86–565, § 27, as added Pub. L. 112–74, div. I, title VII, § 7083(a), , 125 Stat. 1262.)