Establishment
section 2430e(b)(1) of this titleEach beneficiary country that enters into an Americas Framework Agreement shall be required to establish an Enterprise for the Americas Fund to receive payments in local currency pursuant to .
Deposits
Local currencies deposited in an Americas Fund shall not be considered assistance for purposes of any provision of law limiting assistance to a country.
Investment
Deposits made in an Americas Fund shall be invested until disbursed. Any return on such investment may be retained by the Americas Fund, without deposit in the Treasury of the United States and without further appropriation by the Congress.
Disbursements
Funds in an Americas Fund shall be disbursed only pursuant to an Americas Framework Agreement.
Pub. L. 87–195Pub. L. 102–549, title VI, § 602(a)106 Stat. 3666(, pt. IV, § 707, as added , , .)
Editorial Notes
Prior Provisions
section 707 of Pub. L. 87–19575 Stat. 464section 1783 of this titlePub. L. 87–56576 Stat. 263A prior , pt. IV, , , amended , prior to repeal by , pt. IV, § 401, , , except insofar as section 707 affected section 1783.