Page:United States Statutes at Large Volume 118.djvu/3034

 118 STAT. 3004 PUBLIC LAW 108–447—DEC. 8, 2004 (b) SEPARATE ACCOUNTS FOR CASH TRANSFERS.—(1) If assist ance is made available to the government of a foreign country, under chapter 1 or 10 of part I or chapter 4 of part II of the Foreign Assistance Act of 1961, as cash transfer assistance or as nonproject sector assistance, that country shall be required to maintain such funds in a separate account and not commingle them with any other funds. (2) APPLICABILITY OF OTHER PROVISIONS OF LAW.—Such funds may be obligated and expended notwithstanding provisions of law which are inconsistent with the nature of this assistance including provisions which are referenced in the Joint Explanatory Statement of the Committee of Conference accompanying House Joint Resolu tion 648 (House Report No. 98–1159). (3) NOTIFICATION.—At least 15 days prior to obligating any such cash transfer or nonproject sector assistance, the President shall submit a notification through the regular notification proce dures of the Committees on Appropriations, which shall include a detailed description of how the funds proposed to be made avail able will be used, with a discussion of the United States interests that will be served by the assistance (including, as appropriate, a description of the economic policy reforms that will be promoted by such assistance). (4) EXEMPTION.—Nonproject sector assistance funds may be exempt from the requirements of subsection (b)(1) only through the notification procedures of the Committees on Appropriations. ENTERPRISE FUND RESTRICTIONS SEC. 530. (a) Prior to the distribution of any assets resulting from any liquidation, dissolution, or winding up of an Enterprise Fund, in whole or in part, the President shall submit to the Commit tees on Appropriations, in accordance with the regular notification procedures of the Committees on Appropriations, a plan for the distribution of the assets of the Enterprise Fund. (b) Funds made available by this Act for Enterprise Funds shall be expended at the minimum rate necessary to make timely payment for projects and activities. BURMA SEC. 531. (a) The Secretary of the Treasury shall instruct the United States executive director to each appropriate inter national financial institution in which the United States partici pates, to oppose and vote against the extension by such institution of any loan or financial or technical assistance or any other utiliza tion of funds of the respective bank to and for Burma. (b) Of the funds appropriated under the heading ‘‘Economic Support Fund’’, not less than $8,000,000 shall be made available to support democracy activities in Burma, along the Burma Thai land border, for activities of Burmese student groups and other organizations located outside Burma, and for the purpose of sup porting the provision of humanitarian assistance to displaced Bur mese along Burma’s borders: Provided, That funds made available under this heading may be made available notwithstanding any other provision of law: Provided further, That in addition to assist ance for Burmese refugees provided under the heading ‘‘Migration and Refugee Assistance’’ in this Act, not less than $4,000,000 shall 50 USC 1701 note. President.

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