Page:United States Statutes at Large Volume 100 Part 4.djvu/642

 100 STAT. 3341-37

PUBLIC LAW 99-591—OCT. 30, 1986

(1) subject to the agreement of recipient nations— (A) to acquire through commercial arrangements agricultural commodities directly or by private purchases during the fiscal year in an amount equal to 105 percent of the average amount of such agricultural commodities acquired through commercial arrangements during the 3 preceding years.

(B) to permit the sale of commodities furnished under this section in the recipient nation and to use the local currency generated from such sales— (i) by PVO's and cooperatives to carry out approved programs of assistance in the recipient nation; (ii) to operate lending programs in the manner provided for in section 108 of Public Law 480; and (iii) to reimburse the United States in dollars for costs incurred in furnishing such commodities, including transportation and processing, during the same fiscal year in which such costs were incurred. Reimbursements under this paragraph may be made in local currencies generated from the sale of the commodities under this paragraph if they are used to pay expenses of the United States in the recipient nation. (2) No greater than such amounts as is requested by recipient nations. (c) To the extent practicable, commodities made available under this section shall be furnished in equal quantities during each of these fiscal years. (d) It is the sense of Congress that commodities provided for in this subsection be made available to PVO's and cooperatives operating in the Republic of the Philippines, and the government of the Philippines. (3)(a) During the three-year period beginning with the fiscal year ending September 30, 1987, through the fiscal year ending September 30, 1989, the Secretary of Agriculture shall make available to the friendly countries, under paragraph O^XUXA) of section 416 of the Agricultural Act of 1949, at least 500,000 metric tons of wheat and 45 million pounds of dairy products, notwithstanding paragraph (ll)(c) of section 416(b) of such Act. (ID) Commodities made available to a nation under this section during any fiscal year shall be— (1) subject to the agreement of the Nation— (A) to acquire through commercial arrangements agricultural commodities directly or by private purchases during the fiscal year in an amount equal to 105 percent of the average amount of such agricultural commodities acquired through commercial arrangements during the preceding three years. (B) to sell any commodities furnished under this section within the nation and to use the local currencies generated from such sales to (i) establish and carry out lending programs in such nations in the manner provided for in section 108 of the Agricultural Trade Development and Assistance Act of 1954 and (ii) reimburse the United States in dollars for costs incurred in furnishing such commodities, including transportation and processing, in the same fiscal year in which such costs were incurred. Reimbursements under

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