Page:United States Statutes at Large Volume 77.djvu/414

 382

«8 Stat. 846. 62 a^^ ua^' 22 usV 1509. 22 USC 2182. 71 Stat. 357. 22 USC 1872.

22 USC 2181. 22 USC 2184.

PUBLIC LAW 88-205-DEC. 16, 1963

[77 STAT.

made to discharge liabilities under such guaranties as long as such funds are available, and thereafter shall be paid out of funds heretofore appropriated tor the purpose of discharging liabilities under the aforementioned guaranties, and thereafter out of funds realized from the sale of notes issued under section 413(b)(4)(F) of the Mutual Sccurity Act of 1954, as amended, and section 111(c)(2) of the Economic Cooperation Act of 1948, as amended, and finally out of funds hereafter made available pursuant to section 222(f)." (e) Amend section 222(e), which relates to general provisions, to read as follows: "(e) All guaranties issued prior to July 1, 1956, all guaranties issucd under sections 202(b) and 413(b)(4) of the Mutual Security ^ c t of 1954, as amended, and all guaranties heretofore or hereafter issued pursuant to this title shall be considered contingent obligations backed by the full faith and credit of the Government of the United States of America. Funds heretofore obligated under the aforementioned guaranties (exclusive of informational media guaranties) together with the other funds made available for the purposes of this title shall constitute a single reserve for the payment of claims in accordance with section 222(d) of this part." (f) Amend section 222 by adding at the end thereof the following new subsection: "(g) I n making a determination to issue a guaranty under section 221(b), the President shall consider the possible adverse effect of the dollar investment under such guaranty upon the balance of payments of the United States." (g) Amend section 224, which relates to housing projects in Latin American countries, as follows: (1) I n subsection (b) strike out "$60,000,000" and substitute "$150,000,000". (2) Strike out subsection (c). T r r L E V—DEVELOPMENT RESEARCH

75 Stat. 433. 22 USC 2201.

SEC. 105. Section 241 of the Foreign Assistance Act of 1961, as amended, which relates to development research, is amended by insertjj^g " (a) " after the section heading and by adding at the end thereof the following new subsection: "(b) Funds made available to carry out this section may be used to conduct research into the problems of population growth." TITLE VI

ALLIANCE FOR PROGRESS

SEC. 106. Title VI of chapter 2 of part I of the Foreign Assistance 76 Stat. 257. 22^13^^^^^'^^*"

Act of 1961, as amended, which relates to the A l l i a n c e for P r o g r e s s, is amended as f o l l o w s:

(a) Amend section 251, which relates to generar authority, as follows: (1) I n subsection (h), amend the next to the last sentence thereof by inserting immediately after "reasonable terms" the following: " (including private sources within the United States), the capacity of the recipient country to repay the loan at a reasonable rate of interest,". (2) I n subsection (e) strike out "economical" and substitute "economically". (3) I n subsection (f) strike out "Agency for International Development" and substitute "agency primarily responsible for administering p^rt I". (4) Add the following new subsection (g): " (g) I n order to carry out the policies of this Act, the President shall, when appropriate, assist in promoting the organization, implementation, and growth of the cooperative movement in Latin America

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