Page:United States Statutes at Large Volume 114 Part 1.djvu/886

 114 STAT. 850 PUBLIC LAW 106-280—OCT. 6, 2000 "(B) Of the amount specified in subparagraph (A), not more than $50,000,000 may be made available for stockpiles in the Republic of Korea.". SEC. 112. TRANSFER OF CERTAIN OBSOLETE OR SURPLUS DEFENSE ARTICLES IN THE WAR RESERVE STOCKPILES FOR ALLIES TO ISRAEL. (a) TRANSFERS TO ISRAEL.— (1) AUTHORITY.—Notwithstanding section 514 of the Foreign Assistance Act of 1961 (22 U.S.C. 232Ih), the President is authorized to transfer to Israel, in return for concessions to be negotiated by the Secretary of Defense, with the concurrence of the Secretary of State, any or all of the items described in paragraph (2). (2) ITEMS COVERED. —The items referred to in paragraph (1) are munitions, equipment, and material such as armor, artillery, automatic weapons ammunition, and missiles that— (A) are obsolete or surplus items; (B) are in the inventory of the Department of Defense; (C) are intended for use as reserve stocks for Israel; and (D) as of the date of the enactment of this Act, are located in a stockpile in Israel. (b) CONCESSIONS. —The value of concessions negotiated pursuant to subsection (a) shall be at least equal to the fair market value of the items transferred. The concessions may include cash compensation, services, waiver of charges otherwise payable by the United States, and other items of value. Deadline. (c) ADVANCE NOTIFICATION OF TRANSFER. — Not less than 30 days before making a transfer under the authority of this section, the President shall transmit to the Committee on Foreign Relations of the Senate and the Committee on International Relations of the House of Representatives a notification of the proposed transfer. The notification shall identify the items to be transferred and the concessions to be received. (d) EXPIRATION OF AUTHORITY.—No transfer may be made under the authority of this section 3 years after the date of the enactment of this Act. Subtitle C—Other Assistance SEC. 121. DEFENSE DRAWDOWN SPECIAL AUTHORITIES. (a) EMERGENCY DRAWDOWN.—Section 506(a)(2)(B) of the Foreign Assistance Act of 1961 (22 U.S.C. 2318(a)(2)(B)) is amended by striking "$150,000,000" and inserting "$200,000,000 ". (b) ADDITIONAL DRAWDOWN.— Section 506(a)(2)(A)(i) of such Act (22 U.S.C. 2318(a)(2)(A)(i)) is amended— (1) by striking "or" at the end of subclause (II); and (2) by striking subclause (III) and inserting the following: "(III) chapter 8 of part II (relating to antiterrorism assistance); "(IV) chapter 9 of part II (relating to nonproliferation assistance); or "(V) the Migration and Refugee Assistance Act of 1962; or".

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