Page:United States Statutes at Large Volume 71.djvu/396

 360

Organization of American States.

68 Stat. 843. 22 USC 1921.

22 USC 1 8 9 4, 1925, 1927.

22 USC 1921.

68 Stat. 85 I. 22 USC 1757.

Ante, p. 345. 22 USC 1921. S p e c i al authority

PUBLIC LAW 85-141-AUG. 14, 1957

[71 ST AT.

1958 as much as but not to exceed 45 per centum of the total amount contributed to the program for that period, for the calendar year 1959 as much as but not to exceed 38 per centum of the total amount contributed to the program for that period, and for the calendar year 1960 as much as but not to exceed 33.33 per centum of the total amount contributed to the program for that period.". (2) Strike out the text of subsection (b) and substitute the following: "$1,500,000 for the fiscal year 1958 for contributions to the technical cooperation program of the Organization of American States.". SEC. 8. Title IV of the Mutual Security Act of 1954, as amended, which relates to other programs, is further amended as follows: (a) Insert before section 401 the following new section: " SEC. 400. SPECIAL ASSISTANCE.—(a) There is hereby authorized to be appropriated to the President for the fiscal year 1958 not to exceed $250,000,000 for use on such terms and conditions as he may specify for assistance designed to maintain or promote political or economic stability or for assistance in accordance with the provisions of this Act applicable to the furnishing of assistance under title I, section 304, section 405, or section 407 of this Act. $50,000,000 of the funds authorized to be appropriated pursuant to this section for any fiscal year may be used in such year in accordance with the provisions of section 401(a). " (b) For the purpose of promoting economic development in Latin America there is hereby authorized to be appropriated to the President not to exceed $25,000,000, which shall remain available until expended, and in the utilization of such sum preference shall be given to (A) projects or programs that will clearly contribute to promoting health, education, and sanitation in the area as a whole or among a group or groups of countries of the area, (B) joint health, education, and sanitation assistance programs undertaken by members of the Organization of American States, and (C) such land resettlement programs as will contribute to the resettlement of foreign and native migrants in the area as a whole, or in any country of the area, for the purpose of advancing economic development and agricultural and industrial productivity: Provided, That assistance under this sentence shall emphasize loans rather than grants wherever possible, and not less than 90 per centum of the funds made available for assistance under this subsection shall be available only for furnishing assistance on terms of repayment in accordance with the provisions of section 505. "(c) The President is authorized to use not to exceed $10,000,000 of funds appropriated pursuant to subsection (a) of this section for assistance, on such terms and conditions as he may specify, to schools and libraries abroad, founded or sponsored by citizens of the United Stages, and serving as study and demonstration centers for ideas and practices of the United States, notwithstanding any other Act authorizing assistance of this kind. Further, in addition to the authority contained in this subsection, it is the sense of Congress that the President should make a special and particular effort to utilize foreign currencies accruing under title I of the Agricultural Trade Development and Assistance Act of 1954, as amended, for the purposes of this subsection." (b) Amend section 401, which relates to special fund, as follows: (1) Strike out the title of this section and substitute " P R E S I DENT'S SPECIAL AUTHORITY". (2) In subsection (a), strike out "to be appropriated under subsection (b) hereof" in the first sentence and substitute "for such use by section 400(a) of this Act"; before ", in furtherance of" in the first sentence, insert "or any Act appropriating funds pursuant to authorizations contained in this Act".

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