Page:United States Statutes at Large Volume 103 Part 3.djvu/426

 103 STAT. 2494 PUBLIC LAW 101-240—DEC. 19, 1989 (1) PURPOSE. — Section 15(a)(5) of such Act (12 U.S.C. 635i- 3(a)(5)) is amended by striking all that follows "commercial advantage" and inserting "for the purposes of—- "(A) enforcing compliance with the existing arrangement restricting the use of tied aid and partially untied aid credits for commercial purposes; and "(B) facilitating efforts to negotiate, establish, and en- force new or revised comprehensive intemational arrange- ments effectively restricting the use of tied aid and partially untied aid credits for commercial purposes; and such program should be used aggressively for such purposes.". Grants (2) ESTABLISHMENT OF PROGRAM. —The first Sentence of section 15(b)(l) of such Act (12 U.S.C. 635i-3a)Xl)) is amended by strik- ing the matter preceding subparagraph (A) and inserting "To carry out the purposes of subsection (a)(5), the Bank shall establish a tied aid credit program under which grants shall be made from funds available in the Tied Aid Credit Fund estab- lished under subsection (c)—". (3) ADMINISTRATION OF PROGRAM. — Section 15(b)(2)(A) of such Act (12 U.S.C. 635i-3(b)(2)(A)) is amended by striking all that follows "to" and inserting "carry out the purposes described in subsection (a)(5);". (4) AvAiLABiLTFY OF FUNDS.—Section 15(c)(2) of such Act (12 U.S.C. 635i-3(c)(2)) is amended— (A) by striking "cost" and inserting "amount equal to the ^ concessionality level"; and (B) by striking all that follows "authorized by the Bank" and inserting "through fiscal year 1991.". (5) LIMITATION ON AUTHORIZATION OF APPROPRIATIONS FOR r*^ FISCAL YEARS 1990 AND 1991.— Section 15(e)(l) of such Act (12 U.S.C. 635i-3(e)(l)) is amended by inserting ", and for fiscal years 1990 and 1991, $300,000,000" after "$300,000,000 ". (6) REPORTS.— Section 15(g)(2)(E) of such Act (12 U.S.C. 635i- 3(g)(2)(E)) is amended to read as follows: "(E) the progress achieved by negotiations conducted to carry out the purposes described in subsection (a)(5).". (7) LIMITATION ON AUTHORIZATION OP APPROPRIATIONS FOR FISCAL YEARS 1990, 1991, AND 1992.— Section 15(e)(l) of such Act (12 U.S.C. 635i-3(e)(l)) is amended by inserting ", and for fiscal years 1990, 1991, and 1992, $200,000,000" after "$300,000,000". (c) AUTHORITY TO ACCEPT REIMBURSEMENT FOR CERTAIN EX- PENSES.—Section 2(a)(l) of such Act (12 U.S.C. 635(a)(l)) is amended— (1) in the 6th sentence— (A) by striking "The Bank may" and inserting "Subject to regulations which the Bank shall issue pursuant to section 553 of title 5, United States Code, the Bank may"; and (B) by inserting ", and may accept reimbursement for travel and subsistence expenses incurred by a director, officer, or employee of the Bank, in accordance with sub- chapter I of chapter 57 of title 5, United States Code" before the period; and (2) in the 7th sentence, by inserting "and shall be offset
 * against the expenses of the Bank for such activities" before the

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