Page:United States Statutes at Large Volume 110 Part 1.djvu/501

 PUBLIC LAW 104-106—FEB. 10, 1996 110 STAT. 477 as portions of the loan are disbursed, the fee shall be paid incrementally in proportion to the amount of the guarantee that is issued. "(d) ADMINISTRATIVP] FEES.— The Secretary of Defense shall charge a fee for each guarantee issued under this subchapter to reflect the additional administrative costs of the Department of Defense that are directly attributable to the administration of the program under this subchapter. Such fees shall be credited to a special account in the Treasury. Amounts in the special account shall be available, to the extent and in amounts provided in appropriations Acts, for paying the costs of administrative expenses of the Department of Defense that are attributable to the loan guarantee program under this subchapter. " §2540d. Definitions "In this subchapter: "(1) The terms 'defense article', 'defense services', and 'design and construction services' have the meanings given those terms in section 47 of the Arms Export Control Act (22 U.S.C. 2794). "(2) The term 'cost', with respect to a loan guarantee, has the meaning given that term in section 502 of the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 661a). ". (2) The table of subchapters at the beginning of such chapter is amended by adding at the end the following new item: "VI. Defense Export Loan Guarantees 2540". (b) REPORT.— Not later than two years after the date of the President, enactment of this Act, the President shall submit to Congress 10 USC 2540 a report on the loan guarantee program established pursuant to section 2540 of title 10, United States Code, as added by subsection (a). The report shall include— (1) an analysis of the costs and benefits of the loan guarantee program; and (2) any recommendations for modification of the program that the President considers appropriate, including— (A) any recommended addition to the list of countries for which a guarantee may be issued under the program; and (B) any proposed legislation necessary to authorize a recommended modification. (c) FIRST YEAR COSTS. —The Secretary of Defense shall make available, from amounts appropriated to the Department of Defense for fiscal year 1996 for operations and maintenance, such amounts as may be necessary, not to exceed $500,000, for the expenses of the Department of Defense during fiscal year 1996 that are directly attributable to the administration of the defense export loan guarantee program under subchapter VI of chapter 148 of title 10, United States Code, as added by subsection (a). (d) REPLENISHMENT OF OPERATIONS AND MAINTENANCE ACCOUNTS FOR FIRST YEAR COSTS. —The Secretary of Defense shall, using funds in the special account referred to in section 2540c(d) of title 10, United States Code (as added by subsection (b)), replenish operations and maintenance accounts for amounts expended from such accounts for expenses referred to in subsection (c). note.

�