§ 1738r. — "Qualified debt" defined.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC1738r]
TITLE 7--AGRICULTURE
CHAPTER 41--AGRICULTURAL TRADE DEVELOPMENT AND ASSISTANCE
SUBCHAPTER VI--ENTERPRISE FOR THE AMERICAS INITIATIVE
Sec. 1738r. ``Qualified debt'' defined
As used in sections 1738o, 1738p, and 1738q of this title, the term
``qualified debt'' means any obligation, or portion of such obligation,
of an eligible country to pay for purchases of United States
agricultural commodities guaranteed by the Commodity Credit Corporation
under export credit guarantee programs authorized pursuant to section
714c(f) of title 15 or section 1707a(b) \1\ of this title--
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\1\ See References in Text note below.
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(1) in which the Commodity Credit Corporation obtained a legal
right or interest, as a result of assignment or subrogation, not
later than September 1, 1992; and
(2) the payment of which obligation has been, not later than
September 1, 1992, rescheduled in accordance with principles set
forth in an Agreed Minute of the Paris Club.
Such term includes the obligation to pay any interest which was due or
accrued not later than September 1, 1992, and unpaid as of the date of a
debt sale pursuant to section 1738o of this title or a debt sale,
reduction, or cancellation pursuant to section 1738p of this title (as
the case may be).
(July 10, 1954, ch. 469, title VI, Sec. 619, as added Pub. L. 102-532,
Sec. 2, Oct. 27, 1992, 106 Stat. 3511.)
References in Text
Section 1707a of this title, referred to in text, was repealed by
Pub. L. 101-624, title XV, Sec. 1574, Nov. 28, 1990, 104 Stat. 3702. See
section 5621 et seq. of this title.
