Page:United States Statutes at Large Volume 101 Part 2.djvu/495

 PUBLIC LAW 100-202—DEC. 22, 1987

101 STAT. 1329-152

TITLE IV—EXPORT ASSISTANCE EXPORT-IMPORT BANK OF THE UNITED STATES

The Export-Import Bank of the United States is authorized to Contracts. make such expenditures within the limits of funds and borrowing authority available to such corporation, and in accordance with law, and to make such contracts and commitments without regard to fiscal year limitations, as provided by section 104 of the Government Corporation Control Act, as may be necessary in carrying out the program for the current fiscal year for such corporation: Provided, That none of the funds available during the current fiscal year may be used to make expenditures, contracts, or commitments for the export of nuclear equipment, fuel, or technology to any country other than a nuclear-weapon State as defined in article IX of the Treaty on the Non-Proliferation of Nuclear Weapons eligible to receive economic or military gissistance under this Act that has detonated a nuclear explosive after the date of enactment of this Act. LIMITATION ON PROGRAM ACTIVITY

During the fiscal year 1988 and within the resources and authority available, gross obligations for the principal amount of direct loans shall not exceed $690,000,000: Provided, That at the discretion of the Chairman of the Export-Import Bank, up to $110,000,000 of that amount may be available, subject to the regular notification procedures of the Appropriations Committees of the Senate and House of Representatives, as tied-aid credits in accordance with the provisions of the Export-Import Bank Act Amendments of 1986: Provided further, That there is appropriated to the Export-Import Bank of the United States an amount equal to the grant amount of tied-aid credits which are made available from time to time, but not to exceed $110,000,000, which shall be subject to the limitation on gross obligations for the principal amount of direct loans specified under this heading: Provided further. That during the fiscal year 1988, total commitments to guarantee loans shall not exceed $10,000,000,000 of contingent liability for loan principal: Provided further, That the direct loan and guaranty authority provided under this heading shall remain available until September 30, 1989. LIMITATION ON ADMINISTRATIVE EXPENSES

Not to exceed $19,500,000 (to be computed on an accrual basis) shall be available during fiscal year 1988 for administrative expenses, including hire of passenger motor vehicles and services as authorized by section 3109 of title 5, United States Code, and not to exceed $16,000 for official reception and representation expenses for members of the Board of Directors: Provided, That (1) fees or dues to international organizations of credit institutions engeiged in financing foreign trade, (2) necessary expenses (including special services performed on a contract or a fee basis, but not including other personal services) in connection with the acquisition, operation, maintenance, improvement, or disposition of any real or personal property belonging to the Export-Import Bank or in which it has an interest, including expenses of collections of pledged collateral, or the investigation or appraisal of any property in respect to which an application for a loan has been made, and (3) expenses (other than

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