Page:United States Statutes at Large Volume 79.djvu/697

 79 STAT. ]

PUBLIC LAW 89-171-SEPT. 6, 1965

657

should not be maintained or established solely for civic action activities and that such civic action activities not significantly detract from the capability of the military forces to perform their military missions and be coordinated with and form part of the total economic and social development effort." (2) Strike out subsection (b) and redesignate the proviso of subsection (a) as subsection (b). (3) In redesignated subsection (b), strike out ''"Pi-oiuded, That except" and substitute "Except*'; strike out "or (2) " and substitute ", or (2) for civic action assistance, or (3)"'. (d) Amend section 507, which relates to sales, as follows: iV^lT\lV\ (1) I n subsection (a), insert the following new sentence 22 USC 2315. between the second and third sentences: "Notwithstanding the rovisions of section 644(m)(2), nonexcess defense articles may ^°®'' ^' ^'^^• e sold under this subsection at the standard price in effect at the time such articles are offered for sale to the purchasing country or international organization." (2) I n subsection (b), strike out the period at the end of the tirst proviso, substitute a colon and add the following: "''Proi;>ded ^^[l^ agree. further, That the President may, when he determines it to be in the national interest, enter into sales agreements with purchasing countries or international organizations which fix prices to be paid by the purchasing countries or international organizations for the defense articles or defense services ordered. Funds available under this part for financing sales shall be used to reimburse the applicable appropriations in the amounts required by the contracts which exceed the price so fixed, except that such reimbursement shall not be required upon determination by the President that the continued production of the defense article being sold is advantageous to the Armed Forces of the United States. Payments by purchasing countries or international organizations which exceed the amounts required by such contracts shall be credited to the account established under section 508. To the ^"^"• maximum extent possible, prices fixed under any such sales agreement shall be sufficient to reimburse the United States for the cost of the defense articles or defense services ordered. The President C(^g^esV" shall submit to the Congress promptly a detailed report concerning any fixed-price sales agreement under which the aggregate cost to the United States exceeds the aggregate amount required to be paid by the purchasing country or international organization." (e) Amend section 508, which relates to reimbursement as follows: ^^ ^^^ ^|^^(1) After "this part " the first time it appears, insert "have been or". (2) After "United States Government," the first time it appears insert "receipts received from the disposition of evidences of indebtedness and charges (including fees and premiums) or interest collected". (3) Strike out "the current applicable appropriation" and substitute "a separate fund account". (4) Strike out "furnishing further military assistance on cash or credit terms" and substitute "financing sales and guaranties, including the overhead costs thereof". (f) Amend section 509(b), which relates to exchanges and guar- 22 USC 231V' unties, by inserting "(excluding contracts with any agency of the United States Government)" in the second sentence between the last word thereof and the period.

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