Laws: Cases and Codes : U.S. Code : Title 22 : Section 262k-1


   
U.S. Code as of: 01/19/04
Section 262k-1. Transparency of budgets

    (a) Limitation
      Beginning three years after September 30, 1996, the Secretary of
    the Treasury shall instruct the United States Executive Director of
    each international financial institution to use the voice and vote
    of the United States to oppose any loan or other utilization of the
    funds of their respective institution, other than to address basic
    human needs, for the government of any country which the Secretary
    of the Treasury determines - 
        (1) does not have in place a functioning system for reporting
      to civilian authorities audits of receipts and expenditures that
      fund activities of the armed forces and security forces;
        (2) has not provided to the institution information about the
      audit process requested by the institution.
    (b) "International financial institution" defined
      For purposes of this section, the term "international financial
    institution" shall include the institutions identified in section
    532(b) of this Act.



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