[USC02] 12 USC 635t: Definitions
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12 USC 635t: Definitions Text contains those laws in effect on August 5, 2020
From Title 12-BANKS AND BANKINGCHAPTER 6A-EXPORT-IMPORT BANK OF THE UNITED STATESSUBCHAPTER III-TIED AID CREDIT EXPORT SUBSIDIES
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§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 .)