Page:United States Statutes at Large Volume 76.djvu/307

 76 S T A T ]

PUBLIC LAW 87-565-AUG. 1, 1962

259

CHAPTER 3—INTERNATIONAL ORGANIZATIONS AND PROGRAMS

SEC. 107. Section 302 of the Foreign Assistance Act of 1961, as amended, which relates to international organizations and programs, is amended by striking out "1962" and "$153,500,000" and substituting "1963" and "$148,900,000", respectively.

75 Stat. 433. ^^ "^^ ^^^^'

CHAPTER 4—SUPPORTING ASSISTANCE

SEC. 108. Section 402 of the Foreign Assistance Act of 1961, as amended, which relates to supporting assistance, is amended by striking out "1962" and "$465,000,000" and substituting "1963" and "$415,000,000", respectively.

22 USC 2242.

CHAPTER 5—CONTINGENCY F U N D

SEC. 109. Section 451 of the Foreign Assistance Act of 1961, as amended, which relates to the contingency fund, is amended as follows: 22 USC 2261. (a) Amend subsection (a) by striking out "1962" and substituting "1963". (b) Amend subsection (b) by striking out "keep" and substituting "provide quarterly reports to" and by striking out "currently informed Reports to eon"' and by striking out "currently informed of the use" and substituting "c the programing and the ooligation". gress. 'on " CHAPTER 6—ASSISTANCE TO AGRARIAN ECONOMIES

SEC. 110. Section 461 of the Foreign Assistance Act of 1961, as amended, which relates to assistance to countries having agrarian economies, is amended by adding at the end thereof the following: " I n such country emphasis shall be placed also upon programs of community development which will promote stable and responsible governmental institutions at the local level."

22 USC 2271.

PAKT II—INTERNATIONAL PEACE AND SECURITY ACT O F 1961 CHAPTER 1—MILITARY ASSISTANCE

SEC. 201. Chapter 2 of part II of the Foreign Assistance Act of 1961, as amended, which relates to military assistance, is amended as 22 USC 23112319. follows: (a) I n section 506, which relates to conditions of eligibility, add the 22 USC 2314. following new subsections: "(c) The President shall regularly reduce and, with such deliberate speed as orderly procedure and other relevant considerations, including prior commitments, will permit, shall terminate all further grants of military equipment and supplies to any country having sufficient wealth to enable it, in the judgment of the President, to maintain and equip its own military forces at adequate strength, without undue burden to its economy. " (d) Any country which hereafter uses defense articles or defense services furnished such country under this Act, the Mutual Security Act of 1954, as amended, or any predecessor foreign assistance Act, in 68 Stat. 832. 22 substantial violation of the provisions of this chapter or any agree- note. u s e 1751 ments entered into pursuant to any of such Acts shall be immediately ineligible for further assistance." (b) I n section 507(a), which relates to sales, insert "not less than" 22 USC 2315. before "the value" in the first sentence. (c) I n section 507(b), add a new sentence to read as follows: "No sales of unclassified defense articles shall be made to the government

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