Page:United States Statutes at Large Volume 107 Part 2.djvu/829

 PUBLIC LAW 103-160—NOV. 30, 1993 107 STAT. 1779 (c) UNITED STATES PARTICIPATION. —The programs described in subsection (b) should, to the extent feasible, draw upon United States technology and expertise, especially from the private sector of the United States. (d) RESTRICTIONS.—Assistance authorized by subsection (a) may not be provided to any independent state of the former Soviet Union for any year unless the President certifies to Congress for that year that the proposed recipient state is committed to each of the following: (1) Making substantial investment of its resources for dismantling or destroying its weapons of mass destruction, if such state has an obligation under a treaty or other agreement to destroy or dismantle any such weapons. (2) Foregoing any military modernization program that exceeds legitimate defense requirements and foregoing the replacement of destroyed weapons of mass destruction. (3) Foregoing any use in new nuclear weapons of fissionable or other components of destroyed nuclear weapons. (4) Facilitating United States verification of any weapons destruction carried out under this title, section 1412(b) of the Former Soviet Union Demilitarization Act of 1992 (title XIV of Public Law 102-484; 22 U.S.C. 590(b)), or section 212(b) of the Soviet Nuclear Threat Reduction Act of 1991 (title II of Public Law 102-228; 22 U.S.C. 2551 note). (5) Complying with all relevant arms control agreements. (6) Observing internationaly recognized human rights, including the protection of minorities. SEC. 1204. DEMILITARIZATION ENTERPRISE FUND. 22 USC 5953. (a) DESIGNATION OF FUND. —The President is authorized to designate a Demilitarization Enterprise Fund for the purposes of this section. The President may designate as the Demilitarization Enterprise Fund any organization that satisfies the requirements of subsection (e). (b) PURPOSE OF FUND.— The piupose of the Demilitarization Enterprise Fund is to receive grants pursuant to this section and to use the grant proceeds to provide financial support under programs described in subsection (b)(5) for demilitarization of industries and conversion of military technologies and capabilities into civilian activities. (c) GRANT AUTHORITY.—The President may make one or more grants to the Demilitarization Enterprise Fund. (d) RISK CAPITAL FUNDING OF DEMILITARIZATION.— The Demilitarization Enterprise Fund shall use the proceeds of grants received under this section to provide financial support in accordance with subsection (b) through transactions as follows: (1) Making loans. (2) Making grants. (3) Provi(Ung collateral for loan guaranties by the Export- Import Bank of the United States. (4) Taking equity positions. (5) Providing venture capital in joint ventures with United States industry. (6) Providing risk capital through any other form of transaction that the President considers appropriate for supporting programs described in subsection (b)(5).

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