Page:United States Statutes at Large Volume 70.djvu/613

 70

STAT.]

PUBLIC LAW 726-JULY 18, 1966

5»T

thereto, there is hereby authorized to be appropriated to the President not to exceed $293,000,000, to remain available until June 30, 1960, for assistance designed to promote the economic development of free Asia, the Middle East, and Africa, based on self-help and mutual cooperation of friendly nations, and to maintain economic and political stability in these areas. " (b) The President is authorized to utilize the funds hereafter made available for purposes of this title to accomplish in these areas policies and purposes declared in this Act, and to disburse them on such terms and conditions, including transfer of funds, as he may specify: Provided, That eighty per centum of such assistance shall only be available on terms of repayment, except (1) when such funds are used to finance sales of surplus agricultural commodities under section 402, or (2) when granted for the purpose of a regional project ^^ ^^^ *^^^* involving two or more beneficiary nations: And provided further, That not more than 25 per centum of any funds hereafter made available for purposes of this title shall be used in furnishing bilateral assistance to any one nation. "(c) Funds made available under this title may be used for expenses (other than those provided for under section 411(c) of this ^^ "®^ *^^'' Act) to assist in carrying out functions under the Agricultural Trade Development and Assistance Act of 1954, as amended (7 U.S.C. 1691 and the following), delegated or assigned to any agency or officer es Stat. 454. administering nonmilitary assistance." SEC. 7. Title III of the Mutual Security Act of 1954, as amended, ^Z^^''^ which relates to technical cooperation, is further amended as follows: (a) I n section 304(b), which relates to authorization, after ^2\jicii9A "$146,500,000", insert ", and for the fiscal year 1957 not to exceed $140,500,000,". (b) I n section 306, which relates to multilateral technical coopera- 22 u^c Ish. tion: (1) I n subsection (a), which relates to contributions to the United Nations Expanded Program of Technical Assistance, strike out all following "1956" and substitute ", and $15,500,000 for the fiscal year 1957, for such contributions;". (2) I n subsection (b), which relates to contributions to the technical cooperation programs of the Organization of American States, strike out all following "1956" and substitute ", and $1,500,000 for the fiscal year 1957, for such contributions.". (c) I n section 307, which relates to advances, grants, and contracts, ^| ^^^ f^^^ strike out all following "Congress," in the last sentence thereof and substitute "extend at any time for not more than three years.". SEC. 8. Title IV of the Mutual Security Act of 1954, as amended, °*'**' programs, which relates to other programs, is further amended as follows: (a) Amend section 401, which relates to special fund, as follows: g^^f fleV ^*^' *' (1) I n the first sentence of subsection (a), strike out "$50,000,000" 22 USC 1921. and substitute "$150,000,000"; and in the last sentence of such subsection strike out "$20,000,000" and substitute "$30,000,000". (2) In the second sentence of subsection (a), strike out the words "and Austria". (3) In subsection (b), after "$100,000,000", insert ", and for the fiscal year 1957 not to exceed $100,000,000,". (4) Add to section 401 the following new subsection: "(c) I t is the purpose of this Act to advance the cause of freedom. U s e of funds. filf!?'°ft*„ The Congress joins with the President of the United States in proclaiming the hope that the peoples who have been subjected to the captivity of Communist despotism shall again enjoy the right of self-determination within a framework which will sustain the peace; that they shall again have the right to choose the form of government under which
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