Page:United States Statutes at Large Volume 61 Part 3.djvu/972

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. Withholdis from t. 7. In view of the fact that many purchases of materials and supplies and other disbursements relating to the execution of the Program, must necessarily be made in the United States of America, the Min- ister and the Special Representative of the Foundation may agree to withhold from the payments to be made by the Foundation into the said Servicio bank account, as provided in clause 5 hereof, an amount deemed to be necessary to pay for such purchases and disbursements in the United States of America. Said amount shall be considered as if deposited under the terms of this agreement. Any funds so withheld by the Foundation for such purposes and not expended or obligated therefor, shall be deposited in the said Servicio bank ac- count at any time upon the mutual agreement of the Minister and the Special Representative of the Foundation. pieralPolices and 8. All contracts necessary to carry out the terms of the projects mutually agreed to as herein provided shall be made in the name of the Servicio and shall be signed by the Minister and the Director of the Servicio. Personnel to be paid out of Program funds deposited in Ecuador shall be selected by the Director of the Servicio, subject to the approval of the Minister. The general policies and procedures for the execution of the Program and for the disbursement and ac- counting of funds, for the purchase, use, inventory, control and dis- position of property, and any other administrative matters, shall be determined or established by mutual agreement between the Minister and the Special Representative of the Foundation. No disburse- ment from the said Servicio bank account may be made without the signed authorization of the Director of the Servicio or his delegate and of the Minister or his delegate. Checks for an amount of more than Three Thousand Sucres (S/.3,000) also should bear both signa- tures. The books and records of the Servicio relating to the said cooperative educational program shall be open at all times for inspec- tion by representatives of the Republic and of the Foundation, and the Director of the Servicio shall render financial reports to the Republic and to the Foundation at such intervals as may be agreed upon between the Minister and the Special Representative of the Foundation. Additional assist- 9. The Foundation shall use its best efforts to obtain such assistance and cooperation of the Office of the Coordinator of Inter-American Affairs and other agencies, both public and private, in the United States, as may be appropriate for the execution of the said cooperative educational program. The Republic, in addition to its cash contri- bution as provided herein, shall (a) appoint specialists, in agreement with the Director of the Servicio, to collaborate with the Field Staff of the Foundation; (b) make available office space, furnishings and such other facilities, materials, equipment and supplies as it may conveniently provide for the said program; and (c) lend the general assistance thereto of the other Departments of the Republic. Availability of nn. ft ilab & ity o 10. The funds payable by the Foundation under this agreement or paid by the parties hereto into the said Servicio bank account shall continue to be available for the said cooperative educational program 3264

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