Current as of January 01, 2018 | Updated by FindLaw Staff
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(a) In general
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 major 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.
Cite this article: FindLaw.com - 22 U.S.C. § 2431c - U.S. Code - Unannotated Title 22. Foreign Relations and Intercourse § 2431c. Eligibility for benefits - last updated January 01, 2018 | https://codes.findlaw.com/us/title-22-foreign-relations-and-intercourse/22-usc-sect-2431c/
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