Laws: Cases and Codes : U.S. Code : Title 22 : Section 2151y


   
U.S. Code as of: 01/19/04
Section 2151y. Accelerated loan repayments; annual review of countries with bilateral concessional loan balances; priority of determinations respecting negotiations with countries having balances; criteria for determinations

      The Administrator of the agency primarily responsible for
    administering subchapter I of this chapter shall conduct an annual
    review of bilateral concessional loan balances and shall determine
    and identify those countries whose financial resources make
    possible accelerated loan repayments. In particular, European
    countries that were recipients of concessional loans by predecessor
    agencies to the agency primarily responsible for administering
    subchapter I of this chapter shall be contacted to negotiate
    accelerated repayments. The criteria used by the Administrator in
    making these determinations shall be established in conjunction
    with the Committee on Foreign Affairs of the House of
    Representatives and the Committee on Foreign Relations of the
    Senate.



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