Page:United States Statutes at Large Volume 77.djvu/415

 77 STAT. ]

PUBLIC LAW 88-205-DEC. 16, 1963

383

as a fundamental measure toward the strengthening of democratic institutions and practices and economic and social development under the Alliance for Progress." (b) Amend section 252, which relates to authorization, as follows: 76 Stat. 25«. (1) I n the first sentence, strike out "fiscal years 1963 through 22 USC 2212. 1966, not to exceed $600,000,000 for each such fiscal year" and insert in lieu thereof "fiscal years 1963, 1965, and 1966, not to exceed $600,000,000 for each such fiscal year, and for use beginning in the fiscal year 1964, not to exceed $525,000,000,". (2) Immediately after "1963" the second time it appears therein, insert the following: "and not to exceed $100,000,000 of the funds appropriated pursuant to this section for use beginning in fiscal year 1964". (3) A t the end thereof add the following new sentence: " I n order to effectuate the purposes and provisions of sections 102,251, 601, and 602 of this Act, not less than 50 per centum of the loan 22 USC 2151, funds appropriated pursuant to this section for the fiscal years 2353' ^^^^' ending June 30, 1965, and June 30, 1966, respectively, shall be available for loans made to encourage economic development through private enterprise." (c) Amend section 253, which relates to fiscal provisions, by insert- 22 USC 2213. ing immediately after the first sentence thereof the following new sentence: "All receipts i n foreign currencies from loans made under this title or for nonmilitary assistance purposes under the Mutual Security Act of 1954, as amended, or any Act repealed thereby, shall be es stau 832. 22 available, in addition to other funds available for such purposes, for note. u s e 1751 loans on such terms and conditions as the President may specify to carry out the purposes of subsection (g) of section 251 of this title, and the President may, notwithstanding the provisions of this or any other Act, reserve such currencies in such amounts (not to exceed $25,000,000) as he shall determine to be necessary to provide for the programs authorized by said subsection (g). " TITLE VII—EVALUATION OF PROGRAMS

SEC. 107. Chapter 2 of part I of the Foreign Assistance Act of 1961, as amended, is further amended by adding at the end thereof a 75 Stat. 426. new title as follows: .}•{ ^^^ ^ le 12213.

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TITLE VII—^EVALUATION OF PROGRAMS

"SEC. 261. The President may appoint a committee to review and evaluate the economic development program under this Act, and to report to the President and to the Congress its findings." CHAPTER 3—INTERNATIONAL ORGANIZAITONS AND PROGRAMS

SEC. 108. Section 302 of the Foreign Assistance Act of 1961, as 75 Stat. 433; amended, which relates to international organizations and programs, ^^^f^ikr^^ooo is amended by striking out "1963" and "$148,900,000" and substituting "1964" and "$136,050,000", respectively. CHAPTER 4—SUPPORTING ASSISTANCE

SEC. 109. Section 402 of the Foreign Assistance Act of 1961, as amended, which relates to supporting assistance, is amended by strik- 75 Stat. 4345 ing out "1963" and "$415,000,000" and substituting "1964" and ^^f,1" ^?-, "$380,000,000", respectively. ' ' "^"^ ''"'•

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