Definitions

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 6A - EXPORT-IMPORT BANK OF THE UNITED STATES SUBCHAPTER III - TIED AID CREDIT EXPORT SUBSIDIES Sec. 635t - Definitions From the U.S. Government Publishing Office, www.gpo.gov

§635t. Definitions

For purposes of this subchapter— (1) the term "tied aid credit" means credit— (A) which is provided for development aid purposes; (B) which is tied to the purchase of exports from the country granting the credit; (C) which is financed either exclusively from public funds, or, as a mixed credit, partly from public and partly from private funds; and (D) which has a grant element, as defined by the Development Assistance Committee of the Organization for Economic Cooperation and Development, greater than zero percent;

(2) the term "government-mixed credits" means the combined use of credits, insurance, and guarantees offered by the Export-Import Bank of the United States with concessional financing or grants offered by the Agency for International Development to finance exports; (3) the term "public-private cofinancing" means the combined use of either official development assistance or official export credit with private commercial credit to finance exports; (4) the term "blending of financings" means the use of various combinations of official development assistance, official export credit, and private commercial credit, integrated into a single package with a single set of financial terms, to finance exports; (5) the term "parallel financing" means the related use of various combinations of separate lines of official development assistance, official export credits, and private commercial credit, not combined into a single package with a single set of financial terms, to finance exports; and (6) the term "Bank" means the Export-Import Bank of the United States.

(Pub. L. 98–181, title I [title VI, §647], Nov. 30, 1983, 97 Stat. 1265.)