To be eligible for benefits from the Facility under this subchapter, a country shall be a developing country with a tropical forest—
(1)whose government meets the requirements applicable to Latin American or Caribbean countries under paragraphs (1) through (5) and (7) of section
2430b(a) of this title; and
(2)that has put in place investment reforms, as evidenced by the conclusion of a bilateral investment treaty with the United States, implementation of an investment sector loan with the Inter-American Development Bank, World Bank-supported investment reforms, or other measures, as appropriate.
(b) Eligibility determinations
(1) In general
Consistent with subsection (a) of this section, the President shall determine whether a country is eligible to receive benefits under this subchapter.
(2) Congressional notification
The President shall notify the appropriate congressional committees of his intention to designate a country as an eligible country at least 15 days in advance of any formal determination.
2001—Subsec. (a)(2). Pub. L. 107–26struck out “major” before “investment reforms,”.
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.
For delegation of functions of President under subsec. (b) of this section, see section 1 of Ex. Ord. No. 13345, July 8, 2004, 69 F.R. 41901, set out as a note under section
1738 of Title
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The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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Statutes at Large
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