Page:United States Statutes at Large Volume 124.djvu/2356

 124 STAT. 2330 PUBLIC LAW 111–212—JULY 29, 2010 operations, and related programs may be used to cancel Haiti’s existing debts and repayments on disbursements from loans com- mitted prior to January 12, 2010, to the Inter-American Develop- ment Bank, the International Development Association, and the International Fund for Agricultural Development, and for the United States share of an increase in the resources of the Fund for Special Operations of the Inter-American Development Bank in furtherance of providing debt relief to Haiti in view of the Cancun Declaration of March 21, 2010. HAITI DEBT RELIEF AUTHORITY SEC. 1009. The Inter-American Development Bank Act, Public Law 86–147, as amended (22 U.S.C. 283 et seq.), is further amended by adding at the end thereof the following new section: ‘‘SEC. 40. AUTHORITY TO VOTE FOR AND CONTRIBUTE TO AN INCREASE IN RESOURCES OF THE FUND FOR SPECIAL OPERATIONS; PROVIDING DEBT RELIEF TO HAITI. ‘‘(a) VOTE AUTHORIZED.—In accordance with section 5 of this Act, the United States Governor of the Bank is authorized to vote in favor of a resolution to increase the resources of the Fund for Special Operations up to $479,000,000, in furtherance of pro- viding debt relief for Haiti in view of the Cancun Declaration of March 21, 2010, which provides that: ‘‘(1) Haiti’s debts to the Fund for Special Operations are to be cancelled; ‘‘(2) Haiti’s remaining local currency conversion obligations to the Fund for Special Operations are to be cancelled; ‘‘(3) undisbursed balances of existing loans of the Fund for Special Operations to Haiti are to be converted to grants; and ‘‘(4) the Fund for Special Operations is to make available significant and immediate grant financing to Haiti as well as appropriate resources to other countries remaining as bor- rowers within the Fund for Special Operations, consistent with paragraph 6 of the Cancun Declaration of March 21, 2010. ‘‘(b) CONTRIBUTION AUTHORITY.—To the extent and in the amount provided in advance in appropriations Acts the United States Governor of the Bank may, on behalf of the United States and in accordance with section 5 of this Act, contribute up to $252,000,000 to the Fund for Special Operations, which will provide for debt relief of: ‘‘(1) up to $240,000,000 to the Fund for Special Operations; ‘‘(2) up to $8,000,000 to the International Fund For Agricul- tural Development (IFAD); and ‘‘(3) up to $4,000,000 for the International Development Association (IDA). ‘‘(c) AUTHORIZATION OF APPROPRIATIONS.—To pay for the con- tribution authorized under subsection (b), there are authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury $212,000,000, for the United States contribution to the Fund for Special Operations.’’. MEXICO SEC. 1010. (a) For purposes of funds appropriated in this chapter and in prior Acts making appropriations for the Department Applicability. Determination. 22 USC 283z–12.