Page:United States Statutes at Large Volume 76.djvu/306

 258

PUBLIC LAW 87-565-AUG. 1, 1962

[76

STAT.

funds which are required to be used for loans payable as to principal and interest in United States dollars, the President shall take into account, in addition to the considerations named in the preceding sentence, whether financing could be obtained in whole or in part from other free world sources on reasonable terms and the efforts made by recipient nations to repatriate capital invested in other countries by their own citizens. The provisions of sections 201(d), 202(b), 202(c), 22 USC 2161, and 204 shall be applicable to such loans, and they shall be made only 2162, 2164. upon a finding of reasonable prospects of repayment. 75 Stat. 444. "(c) The authority of section 614(a) may not be used to waive the 22 USC 2364. requirements of this title with respect to funds made available for this title which are required to be used for loans payable as to principal and interest in United States dollars, and the authority of section 22 USC 2360. 610 may be used to transfer such funds only to funds made available 22 USC 2161for title I of chapter 2 of part I. 2165 " (d) In order to carry out the policies of this Act and the purpose of this title, the President shall, when requested by a friendly country and when appropriate, assist in fostering measures of agrariai\ reform, including colonization and redistribution of land, with a view.to insuring a wider and more equitable distribution of the ownership of land, (e) The President shall not allocate, reserve, earmark, commit, or otherwise set aside, funds aggregating in excess of-$100,000 for use in any country under this title unless (1) an "application for such funds has been received for use in such country together with sufficient information and assurances to indicate reasonably that the funds will be used in an economical and technically sound manner, or (2) the President determines with respect to each such allocation, reservation, earmarking, commitment, or set-aside that it is in the national interest to use such funds pursuant to multilateral plans. " (f) In furnishing assistance under this title, consistently with and 22 USC 2351. for the purposes of section 601(b)(4) of this Act, the Agency for International Development or any other departments and agencies designated by the President shall provide such assistance as may be determined by the President to be necessary from time to time in order to make effective the efforts of the Commerce Committee for the Alliance for Progress, established under the Department of Commerce. Appropriation. "SEC. 252. AUTHORIZATION.—There is hereby authorized to be appropriated to the President for the purposes of this title, in addition to other funds available for such purposes, for use beginning in each of the fiscal years 1963 through 1966, not to exceed $600,000,000 for each such fiscal year which sums are authorized to remain available until expended and which, except for not to exceed $100,000,000 of the funds appropriated pursuant to this section for use beginning in fiscal year 1963, shall be available only for loans payable as to principal and interest in United States dollars. I n presenting requests to the Congress for authorizations for appropriations for fiscal years 1964 through 1966 to carry out other programs under this Act, the President shall also present the program proposed to be carried out from funds appropriated pursuant to the authorization contained in this section tor the respective fiscal year. " S E C 253. FISCAL PROVISIONS,—All receipts in United States dollars from loans made under this title and from loans made for the benefit of countries and areas of Latin America under title I of chapter 22 USC 2161- 2 of part I of this Act, notwithstanding section 203, shall be available 2165. for use for loans payable as to principal and interest in United States dollars in furtherance of the purposes of this title. Such receipts and -, other funds made available under this title for use for the purposes of this title shall remain available until expended."

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