Page:United States Statutes at Large Volume 107 Part 1.djvu/963

 PUBLIC LAW 103-87 —SEPT. 30, 1993 107 STAT. 937 Provided, That these funds are available to subsidize total loan principal, any part of which is to be guaranteed, not to exceed $110,000,000: Provided further, That these funds are available to subsidize loan principal, 100 percent of which shall be guaranteed, pursuant to the authority of such sections: Provided further, That President. the President shall enter into commitments to guarantee such loans in the full amount provided under this heading, subject to the availability of qualified applicants for such guarantees. In addition, for administrative expenses to carry out guaranteed loan programs, $8,239,000, all of which may be transferred to and merged with the appropriation for Operating Expenses of the Agency for International Development: Provided further, That commitments to guarantee loans under this heading may be entered into notwithstanding the second and third sentences of section 222(a) and, with regard to programs for Eastern Europe and programs for the benefit of South Africans disadvantaged by apartheid, section 2230') of the Foreign Assistance Act of 1961: Provided further. That none of the funds appropriated under this heading shall be obligated except through the regular notification procedures of the Committees on Appropriations. DEBT RESTRUCTURING For the cost, as defined in section 13201 of the Budget Enforcement Act of 1990, of modifying direct loans and loan guarantees, as the President may determine, for which funds have been appropriated or otherwise made available for programs within the International Affairs Budget Function 150^ $7,000,000, to remain available until expended. ECONOMIC SUPPORT FUND For necessary expenses to carry out the provisions of chapter 4 of part II, $2,364,562,000, to remain available until September 30, 1995: Provided, That of the funds appropriated under this heading, not less than $1,200,000,000 shall be available only for Israel, which sum shall be available on a grant basis as a cash transfer and shall be disbursed within thirty days of enactment of this Act or by October 31, 1993, whichever is later: Provided fuHher, That not less than $815,000,000 shall be available only for E^ypt, which sum shall be provided on a grant basis, and of which sum cash transfer assistance may be provided, with the understanding that Epypt will undertake significant economic reforms which are additional to those which were undertaken in previous fiscal years, and of which not less than $200,000,000 shall be provided as Commodity Import Program assistance: Pro- President. vided further. That in exercising the authority to provide cash transfer assistance for Israel and Egypt, the President shall ensure that the level of such assistance does not cause an adverse impact on the total level of nonmilitanr exports from the United States to each such country: Provided further. That it is the sense of the Congress that the recommended levels of assistance for Egypt and Israel are based in great measure upon their continued participation in the Camp David Accords and upon the Egyptian-Israeli peace treaty: Provided further. That not less than $15,000,000 of the funds appropriated under this heading shall be made available for Cyprus to be used only for scholarships, bicommunal projects, and measures aimed at the reunification of the island and designed

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