Page:United States Statutes at Large Volume 62 Part 1.djvu/174

 PUBLIC LAWS-CH. 169-APR. 3, 1948 Technical informa- tion. Post, p. 1055. Transfer of com- modity. Allocation of com- modities. Private trade chan- nels. Accounts. Letters of commit- ment. 54 Stat. 1029. 31U.S.C.§203;4 U. S. C. §15. Withdrawals. Commodities pro- cured outside conti- nental U. S. Services of depart- ments, agencies, etc. Guaranties. Post, p. 1056 (3) Procurement of and furnishing technical information and assistance. (4) Transfer of any commodity or service, which transfer shall be signified by delivery of the custody and right of possession and use of such commodity, or otherwise making available any such commodity, or by rendering a service to a participating country or to any agency or organization representing a participating country. (5) The allocation of commodities or services to specific proj- ects designed to carry out the purposes of this title, which have been submitted to the Administrator by participating countries and have been approved by him. (b) In order to facilitate and maximize the use of private channels of trade, subject to adequate safeguards to assure that all expendi- tures in connection with such procurement are within approved pro- grams in accordance with terms and conditions established by the Administrator, he may provide for the performance of any of the functions described in subsection (a) of this section- (1) by establishing accounts against which, under regulations prescribed by the Administrator- (i) letters of commitment may be issued in connection with supply programs approved by the Administrator (and such letters of commitment, when issued, shall constitute obligations of the United States and monies due or to become due thereunder shall be assignable under the Assignment of Claims Act of 1940 and shall constitute obligations of appli- cable appropriations); and (ii) withdrawals may be made by participating countries, or agencies or organizations representing participating coun- tries or by other persons or organizations, upon presentation of contracts, invoices, or other documentation specified by the Administrator under arrangements prescribed by the Admin- istrator to assure the use of such withdrawals for purposes approved by the Administrator. Such accounts may be established on the books of the Admin- istration, or any other department, agency, or establishment of the Government specified by the Administrator, or, on terms and conditions approved by the Secretary of the Treasury, in banking institutions in the United States. Expenditures of funds which have been made available through accounts so established shall be accounted for on standard documentation required for expenditures of Government funds: Provided,That such expendi- tures for commodities or services procured outside the continental limits of the United States under authority of this section may be accounted for exclusively on such certification as the Administra- tor may prescribe in regulations promulgated by him with the approval of the Comptroller General of the United States to assure expenditure in furtherance of the purposes of this title. (2) by utilizing the services and facilities of any department, agency, or establishment of the Government as the President shall direct, or with the consent of the head of such department, agency, or establishment, or, in the President's discretion, by acting in cooperation with the United Nations or with other international organizations or with agencies of the participating countries, and funds allocated pursuant to this section to any department, agency, or establishment of the Government shall be established in separate appropriation accounts on the books of the Treasury. (3) by making, under rules and regulations to be prescribed by the Administrator, guaranties to any person of investments in connection with projects approved by the Administrator and 144 [62 STAT.

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