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12 U.S.C. § 635t

U.S. CodeFederal
Definitions
About This Law
/us/usc/t12/s635t
Title
12 — Banks and Banking
Chapter
CH6A
Release
119-84
Release Date
2026-04-17

Section Text

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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.)

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