Page:United States Statutes at Large Volume 78.djvu/1051

 78 STAT. ]

PUBLIC LAW 88-633-OCT. 7, 1964

1009

Public Law 88-633 AN ACT

October 7, 1964

To amend further the Foreign Assistance Act of 1961, as amended, and for other purposes.

[H. R. 1138O]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may an^rAcTot^igeT be cited as the "Foreign Assistance Act of 1964". PART I CHAPTER 2—DEVELOPMENT ASSISTANCE TITLE I—DEVELOPMENT LOAN FUND

SEC. 101. Section 201(d) of the Foreign Assistance Act of 1961, as amended, which relates to the Development Loan Fund, is amended as ^^ ^^^^ ^f^-^ follows: (a) Strike out "Foreign Assistance Act of 1963" and substitute "Foreign Assistance Act of 1964". (b) Strike out "2 per centum" and substitute "2i/^ per centum". (c) Strike out "three-fourths of 1 per centum" and substitute "1 per centum". TITLE II — T E C H N I C A L COOPERATION A N D DEVELOPMENT GRANTS

SEC. 102. Title II of chapter 2 of part I of the Foreign Assistance Act of 1961, as amended, which relates to development grants and technical cooperation, is hereby amended as follows: (a) Amend the title heading to read as follows: "TITLE II—TECHNICAL COOPERATION A N D DEVELOPMENT GRANTS".

(b) Amend section 212, which relates to authorization, by striking out "1964" and "$220,000,000" and substituting "1965" and '^215,000,000", respectively. (c) Amend section 214(c), which relates to American schools and hospitals abroad, by striking out "1964, $19,000,000" and substituting "1965, $18,000,000", and by striking out the second sentence. (d) Amend section 216(a), which relates to voluntary agencies, by inserting after "ports" the first time it appears, the words "or, in ||:he case of excess or surplus property supplied by the United States, from foreign ports". (e) Add the following new section at the end thereof:

^^ "^^ ^^^^• 22 USC 2174. ^^ ^^^ ^^^^

" SEC. 217. USED EQUIPMENT.—The President is authorized to use

funds made available for the purposes of section 211 to conduct a study yg^gtat^^jse^^' and investigation to determine the feasibility of establishing pro- 22 USC 2i'7i. grams for the furnishing to less developed friendly countries and areas of used tools, machinery, and other equipment to be donated by private enterprises, or acquired through normal channels of trade, and the extent to which such programs are likely to be utilized by and contribute to the economic development of the receiving country. The C(!1^^°'^V° President shall submit to the Congress at the earliest practicable date a report of the results of such study and investigation, together with such recommendations for legislation as he deems advisable." TITLE III — INVESTMENT GUARANTIES

SEC. 103. Title III of chapter 2 of part I of the Foreign Assistance Act of 1961, as amended, which relates to investment guaranties, is hereby amended as follows:

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