Page:United States Statutes at Large Volume 104 Part 5.djvu/333

 PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3655 "(b) REQUEST FOR DEBT REUEF BY PRESIDENT.—The President may provide debt relief under subsection (a) only if a notification is submitted to Congress. Such a notification shall— "(1) specify the gimount of official debt the President proposes to liquidate; and "(2) identify the countries for which debt relief is proposed and the basis for their eligibility for such relief. "(c) APPROPRIATIONS ACTION REQUIRED.—The aggregate amount of principal and interest waived under this section may not exceed the amount approved for such purpose in an Act appropriating funds to carry out this Act. " (d) LIMITATION ON NEW CREDIT ASSISTANCE. — If the authority of this section is used to waive payments otherwise required to be made by a country pursuant to this Act, the President may not provide any new credit assistance for that country under this Act during the 2-year period beginning on the date such waiver authority is exercised, unless the President provides to the Congress, before the assistance is provided, a written justification for the provision of such new credit assistance. "(e) APPLICABILTTY. — The authority of this section applies with respect to credit sales agreements entered into before the date of enactment of this Act. "SEC. 412. AUTHORIZATION OF APPROPRIATIONS. 7 USC 1736f. " (a) REIMBURSEMENT.— There are authorized to be appropriated such sums as may be necessary to carry out— "(1) the concessional credit sales program established under title I; "(2) the emergency and private assistance program under title II; and "(3) the grant program established under title III, including such amounts as may be required to make payments to the Commodity Credit Corporation to the extent the (Commodity Credit Corporation is not reimbursed under the programs under this Act for the actual costs incurred or to be incurred by such Corporation in carrying out such programs. "(b) LIMITATIONS.— Of the amounts made available in each fiscal year to carry out titles I and III, not less than— "(1) 40 percent shall be made available to carry out the credit sales program established under title I; and "(2) 40 percent shall be made available to carry out the grant program established under title III. "(c) TRANSFER OF FUNDS. —Notwithstanding any other provision of law and except as provided in subsection (b), if the President determines it to be necessary for purposes of this Act, the President may direct that not in excess of 15 percent of the funds available in any fiscal year for carrying out any title of this Act be used to carry out any other title of this Act. "(d) BUDGET.—In presenting the Budget of the United States, the President. President shall classify expenditures under this Act as expenditures for international affairs and finance rather than for agriculture and agricultural resources. "(e) VALUE OF COMMODITIES.—Notwithstanding any other provision of law, in determining the reimbursement due the Commodity Credit Corporation for all expenses incurred under this Act, commodities from the inventory of the Commodity Credit Corporation that were acquired under title I of the Agricultural Act of 1949

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