Page:United States Statutes at Large Volume 118.djvu/231

 118 STAT. 201 PUBLIC LAW 108–199—JAN. 23, 2004 section, establish the terms and conditions under which loans may be sold, reduced, or canceled pursuant to this section. (3) ADMINISTRATION.—The Facility, as defined in section 702(8) of the Foreign Assistance Act of 1961, shall notify the administrator of the agency primarily responsible for admin istering part I of the Foreign Assistance Act of 1961 of pur chasers that the President has determined to be eligible, and shall direct such agency to carry out the sale, reduction, or cancellation of a loan pursuant to this section. Such agency shall make adjustment in its accounts to reflect the sale, reduc tion, or cancellation. (4) LIMITATION.—The authorities of this subsection shall be available only to the extent that appropriations for the cost of the modification, as defined in section 502 of the Congressional Budget Act of 1974, are made in advance. (b) DEPOSIT OF PROCEEDS.—The proceeds from the sale, reduc tion, or cancellation of any loan sold, reduced, or canceled pursuant to this section shall be deposited in the United States Government account or accounts established for the repayment of such loan. (c) ELIGIBLE PURCHASERS.—A loan may be sold pursuant to subsection (a)(1)(A) only to a purchaser who presents plans satisfac tory to the President for using the loan for the purpose of engaging in debt for equity swaps, debt for development swaps, or debt for nature swaps. (d) DEBTOR CONSULTATIONS.—Before the sale to any eligible purchaser, or any reduction or cancellation pursuant to this section, of any loan made to an eligible country, the President should consult with the country concerning the amount of loans to be sold, reduced, or canceled and their uses for debt for equity swaps, debt for development swaps, or debt for nature swaps. (e) AVAILABILITY OF FUNDS.—The authority provided by sub section (a) may be used only with regard to funds appropriated by this Act under the heading ‘‘Debt Restructuring’’. DISASTER SURGE CAPACITY SEC. 576. Funds appropriated by this Act to carry out part I of the Foreign Assistance Act of 1961 may be used, in addition to funds otherwise available for such purposes, for the cost (including the support costs) of individuals detailed to or employed by the United States Agency for International Development whose primary responsibility is to carry out programs to address natural or manmade disasters or programs under the heading ‘‘Transition Initiatives’’. IFAD AUTHORIZATION SEC. 577. The Secretary of the Treasury may, to fulfill commit ments of the United States, contribute on behalf of the United States to the sixth replenishment of the resources of the Inter national Fund for Agricultural Development. The following amount is authorized to be appropriated without fiscal year limitation for payment by the Secretary of the Treasury: $45,000,000 for the International Fund for Agricultural Development. 22 USC 2151a note.

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