22 USC 2183 - General provisions

1 See References in Text note below.

of this title or heretofore under this subpart or under prior Latin American or other housing guaranty authority repealed by the Foreign Assistance Act of 1969 shall constitute obligations, in accordance with the terms of such guaranties, of the United States of America and the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.

Editorial Notes

References in Text

The Foreign Assistance Act of 1969, referred to in subsecs. (span), (c), (d), and (g), is Puspan. L. 91–175, Dec. 30, 1969, 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 The guaranty authorities repealed by the 1969 Act were the guaranty authorities contained in sections 2181 to 2184 prior to the general reorganization of this subpart by the 1969 Act.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 Puspan. L. 87–195, as added by section 105 of Puspan. L. 91–175, which was repealed by section 8(span) of Puspan. L. 93–559, and was replaced by section 2182a of this title. Another section 240 of Puspan. L. 87–195, as added by section 9 of Puspan. L. 95–268, was enacted Apr. 24, 1978, and was classified to section 2200 of this title, prior to repeal by Puspan. L. 115–254, div. F, title VI, § 1464(2), Oct. 5, 2018, 132 Stat. 3513.

Codification

Amendment by Puspan. L. 98–473 is based on section 311(c) of H.R. 5119, Ninety-eighth Congress, as passed by the House of Representatives May 10, 1984, which was enacted into permanent law by Puspan. L. 98–473.

Prior Provisions

A prior section 223 of Puspan. L. 87–195, pt. I, Sept. 4, 1961, 75 Stat. 431, as amended by Puspan. L. 89–171, pt. I, § 104(d), Sept. 6, 1965, 79 Stat. 654; Puspan. L. 90–137, pt. I, § 104(c), Nov. 4, 1967, 81 Stat. 451, contained definitions, prior to the general reorganization of this subpart by Puspan. L. 91–175, pt. I, § 105, Dec. 30, 1969, 83 Stat. 807.

Amendments

1998—Subsec. (j). Puspan. 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.”

1987—Subsec. (e)(2)(A)(ii). Puspan. L. 100–202 substituted “$100,000,000” for “$40,000,000”.

1984—Subsec. (e). Puspan. L. 98–473 designated existing provisions as par. (1) and added par. (2).

1981—Subsec. (span). Puspan. 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). Puspan. 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). Puspan. 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.

1978—Subsec. (a). Puspan. L. 95–424, § 115(c), substituted “section 2182 or 2182a” for “section 2181, 2182, or 2182a”.

Subsec. (span). Puspan. 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). Puspan. L. 95–424, § 115(e), struck out “section 2181 or” after “guaranties issued under”, and inserted “under this subpart or” after “heretofore”.

Subsec. (d). Puspan. L. 95–424, § 115(f), substituted “section 2182 or 2182a” for “section 2181, 2182, 2182a”, and inserted “under this subpart” after “heretofore”.

Subsec. (f). Puspan. L. 95–424, § 115(g), substituted “section 2182” for “section 2181 or 2182”.

Subsec. (g). Puspan. L. 95–424, § 115(h), inserted “heretofore under this subpart” after “outstanding”.

Subsec. (i). Puspan. 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.

Subsec. (j). Puspan. L. 95–424, § 115(j), substituted “section 2182” for “sections 2181 and 2182”.

1977—Subsec. (span). Puspan. L. 95–88, § 117(span)(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). Puspan. L. 95–88, § 117(a)(3), substituted “September 30, 1979” for “September 30, 1978”.

Subsec. (j). Puspan. 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.

1976—Subsec. (j). Puspan. L. 94–329 authorized President to issue housing guaranties until September 30, 1977, in Lebanon, not exceeding a face amount of $15,000,000.

1975—Subsec. (i). Puspan. L. 94–161, § 311(5)(A), substituted “September 30, 1978” for “June 30, 1976”.

Subsec. (j). Puspan. L. 94–161, § 311(5)(B), added subsec. (j).

1974—Subsec. (a). Puspan. L. 93–559, § 8(a)(3), inserted reference to section 2182a of this title.

Subsec. (span). Puspan. L. 93–559, § 8(a)(4), substituted in first sentence “section 2181 and section 2182 of this title” for “this subpart”.

Subsec. (d). Puspan. 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). Puspan. L. 93–559, § 7(2), substituted “June 30, 1976” for “June 30, 1975”.

1973—Subsec. (i). Puspan. L. 93–189 substituted “June 30, 1975” for “June 30, 1974”.

1972—Subsec. (i). Puspan. L. 92–226 substituted “June 30, 1974” for “June 30, 1972”.

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(span) of Puspan. 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 May 10, 1984, and enacted into permanent law by Puspan. 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].”

Effective Date of 1979 Amendment

Amendment by Puspan. L. 96–53 effective Oct. 1, 1979, see section 512(a) of Puspan. L. 96–53, set out as a note under section 2151 of this title.

Effective Date of 1978 Amendment

Amendment by Puspan. L. 95–424 effective Oct. 1, 1978, see section 605 of Puspan. 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, Sept. 29, 1979, 44 F.R. 56673, as amended, set out as a note under section 2381 of this title.