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 3T6

Appropriation.

PUBLIC LAW 85-532-JULY 18, 1958

[72

ST A T.

case of a refugee as defined in sections 1 and 2 of this Act, whose status has been adjusted, on application by the person, persons, organization, or corporation entitled to the refund, and if a person who would have been entitled to the refund is deceased, the application shall be made by, and payment made to, his estate: Provided, however, That such application is made not later than five years after the date of enactment of this Act. As used in this section, the term "entitled to the refund'' refers to the person or persons, or organization, or corporation, who or which have paid the moneys upon the forfeiture of the bonds. There are hereby appropriated, out of any moneys in the Treasury not otherwise appropriated, such amounts as may be necessary to effect the refunds authorized by this section. Approved July 18, 1958.

Public Law 85-532 July 18, 1958 [S.3506]

Vessels. Transfer to foreign countries. 70A Stat. 452.

Loans. Condition.

Expenses of repairs, e t c.

68 Stat. 832. 22 USC 1751 note.

Report to Congress.

Term l n a t i on date.

AN ACT To authorize the transfer of naval vessels to friendly foreign countries. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That, notwithstanding section 7307 of title 10, United States Code, or any other law, the President may extend the loan of one aircraft carrier to the Government of France until June 30, 1960, and may in addition lend or otherwise make available to friendly foreign nations, from the reserve fleet, on such terms and under such conditions as he deems appropriate, destroyers, destroyer escorts, and submarines, as follows: (1) North Atlantic Treaty Organization and European Area (the Federal Republic of Germany, Greece, Italy, Norway, Spain and Turkey) not to exceed nineteen ships; (2) Latin American area (Argentina, Brazil, Chile, Colombia, Cuba, Ecuador, Peru and Uruguay) not to exceed eighteen ships; (3) far eastern area (Japan, Taiwan, and Thailand) not to exceed four ships; and (4) a pool of not to exceed two such ships to be loaned to friendly nations in an emergency. The President may promulgate such rules and regulations as he deems necessary to carry out the provisions of this Act. SEC. 2. Loans under this Act shall be for periods not exceeding five years. All loans shall be made on the condition that they may be terminated at an earlier date if necessitated by the defense requirements of the United States. SEC. 3. All expenses involved in the activation, rehabilitation, and outfitting, including repairs, alterations, and logistic support, of vessels transferred under this Act shall be charged to funds programed for the recipient government under the Mutual Security Act of 1954, as amended, or to funds provided by the recipient government under the reimbursable provisions of that Act. I n the event that a loan is terminated by the United States prior to the expiration of the loan period, the Secretary of Defense may reimburse the recipient government on a pro rata basis for funds provided by it under the reimbursable provisions of the Mutual Security Act of 1954, as amended, in connection with the loan. SEC. 4. No vessel may be made available under this Act unless the Secretary of Defense, after consultation with the Joint Chiefs of Staff, determines that its transfer is in the best interests of the United States. The Secretary of Defense shall keep the Congress currently advised of all transfers under this Act. SEC. 5. The authority of the President to transfer naval vessels under this Act terminates on December 31, 1960. Approved July 18, 1958.

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