§ 635t. — Definitions.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC635t]
TITLE 12--BANKS AND BANKING
CHAPTER 6A--EXPORT-IMPORT BANK OF THE UNITED STATES
SUBCHAPTER III--TIED AID CREDIT EXPORT SUBSIDIES
Sec. 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 VI, Sec. 647, Nov. 30, 1983, 97 Stat. 1265.)
