Page:United States Statutes at Large Volume 106 Part 2.djvu/820

 106 STAT. 1700 PUBLIC LAW 102-391—OCT. 6, 1992 President. Reports. President. President. by the Government of Israel during the previous year for activities which the President determines are inconsistent with the objectives of this section or understandings reached between the United States Government and the Government of Israel regarding the implementation of the loan program. The President shall submit a report to Congress no later than September 30 of each fiscal year during the pendency of the program specifying the amount calculated under this suosection and that will be deducted from the amount of guarantees authorized to be issued in the next fiscal year. "(e) FEES. — "(1) Fees charged for the loan guarantee program under this section each year shall be an aggregate annual origination fee equal to the estimated subsidy cost of the guarantees issued under this section for that year, calculated by the Office of Management and Budget for the Federal Credit Reform Act of 1990. This shall also include an amount for the administrative expenses of the Agency for International Development in administering the program under this section. All such fees shall be paid by the Government of Israel to the Government of the United States. Funds made available for Israel under chapter 4 of Part II of the Foreign Assistance Act of 1961, as amended, may be utilized by the Government of Israel to pay such fees to the United States Government. No further appropriations of subsidy cost are needed for the loan guarantee authorized hereiinder for fiscal year 1993 and the four succeeding fiscal years. "(2) The origination fee shall be payable to the United States Government on a pro rata basis as each guarantee for each loan or increment is issued. "(f) AUTHORITY To SUSPEND.— Except as provided in subsections (1) and (m) of this section, the President shall determine the terms and conditions for issuing guarantees. If the President determines that these terms and conditions have been breached, the President may suspend or terminate the provision of all or part of the additional loan guarantees not yet issued under this section. Upon making such a determination to suspend or terminate the provision of loan guarantees, the President shall submit to the Speaker of the House of Representatives and the President Pro Tempore of the Senate his determination to do so, including the basis for such suspension or termination. "(g) PROCEDURES FOR SUSPENSION OR TERMINATION. — Any suspension or termination pursuant to subsection (f) shall be in accordance with the following procedures: "(1) Upon making a determination to suspend or terminate the provision of loan guarantees, the President shall submit to the Speaker of the House of Representatives and the President Pro Tempore of the Senate nis determination to do so, including the basis for such suspension or termination. "(2) Such a suspension or termination shall cease to be effective if Congress enacts, within 30 days of submission, a joint resolution authorizing the assistance notwithstanding the suspension. "(3) Any such joint resolution shall be considered in the Senate in accordance with the provisions of section 601(b) of the International Security Assistance and Arms Export Control ? Act ofl976.

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