Page:United States Statutes at Large Volume 70.djvu/616

 so o G e n e r a l provisions.

68 Stat. 84 9. 22 USC 1753. 22 USC 1754.

22 USC 1759.

22 USC 1761.

68 Stat. 454.

PUBLIC LAW 726-JULY 18, 1956

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percentage contribution of the United States to the total annual budget of the Organization shall not exceed 31.5 per centum.' " SEC. 9. Title V, chapter 1, of the Mutual Security Act of 1954, as amended, which relates to general provisions, is further amended as follows: (a) I n section 501, which relates to transferability of funds, strike out the last three sentences. (b) I n section 502(b), which relates to use of foreign currencies by committees of Congress, strike out "Joint Committee on the Economic Report" and insert "Joint Economic Committee and the Select Committees on Small Business of the Senate and House of Representatives." (c) Amend section 507, which relates to availability of funds, to read as follows: "SEC. 507. AVAILABILITY OF FUNDS.—Except as otherwise provided in this Act, funds shall be available to carry out the provisions of this Act (other than sections 414 and 416) as authorized and appropriated to the President each fiscal j^ear." (d) In section 509, which relates to shipping on United States vessels, after "this Act" in the last sentence thereof, insert "or the Agricultural Trade Development and Assistance Act of 1954, as amended (7 U.S.C. 1691 and the following),". (e) Add the following new section: " SEC. 515. AUTHORIZATION FOR GRANT OF CONTRACT AUTHORITY.—

Organization and adminl stration.

68 Stat. 855. 22 USC 1781.

22 USC 1782. GSA.

69 Stat. 289. 22 USC 1790.

Provisions in this Act authorizing the appropriation of funds shall be construed to authorize the granting in any appropriation Act of authority to enter into contracts, within the amounts so authorized to be appropriated, creating obligations in advance of appropriations." SEC. 10. Title V, chapter 2, of the Mutual Security Act of 1954, as amended, which relates to organization and administration, is further amended as follows: (a) I n section 521, which relates to delegation of authority by the President, after "subsection (b) " in subsection (a), insert "and section 413 (b)(4)". (b) Amend section 522, which relates to allocation and reimbursement among agencies, as follows: (1) Add the following at the end of subsection (b): "The Administrator of General Services is authorized to maintain in a separate consolidated account, which shall be free from fiscal year limitations, payments received by the General Services Administration for administrative surcharges in connection with procurement services performed by the General Services Administration in furtherance of the purposes of this Act. Such payments shall be in amounts mutually acceptable to the General Services Administration and the United States Government agency which finances the procurement, and these amounts shall be available for administrative expenses incurred by the General Services Administration in performing such procurement services." (2) Add the following new subsection: " (f) Any appropriation made to carry out the provisions of this Act may initially be charged, within the limits of available funds, to finance expenses for which funds are available in other appropriations made under this Act: Provided, That as of the end of the same fiscal year such expenses shall be finally charged to applicable appropriations with proper credit to the appropriations initially utilized for financing purposes." (c) I n section 530, which relates to experts and consultants or organizations thereof, insert before the period at the end of subsection (a)

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