Page:United States Statutes at Large Volume 63 Part 1.djvu/755

 81ST CONG. , 1ST SESS.-CH. 626-OCT. 6, 1949 of the United States or is needed by the reserve components of the armed forces to meet their training requirements. SEC. 402. The President shall, prior to the furnishing of assistance to any eligible nation, conclude agreements with such nation, or group of such nations, which agreements, in addition to such other provisions as the President deems necessary to effectuate the policies and pur- poses of this Act and to safeguard the interests of the United States, shall make appropriate provision for- (a) the use of any assistance furnished under this Act in fur- therance of the policies and purposes of this Act; (b) restriction against transfer of title to or possession of any equipment and materials, information or services furnished under this Act without the consent of the President; (c) the security of any article, service, or information furnished under this Act; (d) furnishing equipment and materials, services, or other assistance, consistent with the Charter of the United Nations, to the United States or to and among other eligible nations to further the policies and purposes of this Act. SEC. 403. (a) Any funds available for carrying out the policies and purposes of this Act, including any advances to the United States by any nation for the procurement of equipment and materials or services, may be allocated by the President for any of the purposes of this Act to any agency, and such funds shall be available for obligation and expenditure for the purpose of this Act in accordance with authority granted hereunder or under the authority governing the activities of the agency to which such funds are allocated. (b) Reimbursement shall be made by or to any agency from funds available for the purpose of this Act for any equipment and materials, services or other assistance furnished or authorized to be furnished under authority of this Act from, by, or through any agency. Such reimbursement shall include expenses arising from or incident to operations under this Act and shall be made by or to such agency in an amount equal to the value of such equipment and materials, services (other than salaries of members of the armed forces of the United States) or other assistance and such expenses. The amount of any such reimbursement shall be credited as reimbursable receipts to current applicable appropriations, funds, or accounts of such agency and shall be available for, and under the authority applicable to, the purposes for which such appropriations, funds, or accounts are authorized to be used, including the procurement of equipment and materials or services, required by such agency, in the same general category as those furnished by it or authorized to be procured by it and expenses arising from and incident to such procurement. (c) The term "value", as used in subsection (b) of this section, means- (1) with respect to any excess equipment or materials furnished under this Act, the gross cost of repairing, rehabilitating, or modi- fying such equipment or materials prior to being so furnished; (2) with respect to any nonexcess equipment or materials fur- nished under this Act which are taken from the mobilization reserve (other than equipment or materials referred to in para- graph (3) of this subsection), the actual or the projected (com- puted as accurately as practicable) cost of procuring for the mobilization reserve an equal quantity of such equipment or materials or an equivalent quantity of equipment and materials of the same general type but deemed to be more desirable for inclusion in the mobilization reserve than the equipment or materials furnished; 63 STAT.] 717 Bilateral agree ments. Aloction of unds. redtlnm fament. oredltingofamert

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