Page:United States Statutes at Large Volume 81.djvu/485

 81 STAT.]

PUBLIC LAW 9 0 - 1 3 7 - N O V. 14, 1967

451

than housing projects similar to those insured by the Department of Housing and Urban Development, shall not exceed $315,000,000, and guaranties issued under this paragraph (2) for credit unions shall not exceed $1,000,000: Provided further, That this authorityshall continue until June 30, 1970." (b) Section 222, which relates to general provisions for investment ^2 us°c 218 guaranties, is amended as follows: (1) I n subsection (b), after the words "shall be available for meeting" insert the words "necessary administrative and operating expenses of carrying out the provisions of sections 221, 224, and 231 {including, but not limited to, expenses pertaining to personnel, supplies, and printing) subject to such limitations as may be imposed m annual appropriation Acts, for meeting". (2) I n subsection (d), after the words "in section 222(b) " insert the ^22 ^sc 2182 following: "(excluding fees required for purposes other than the discharge of liabilities under guaranties)". (3) A t the end of subsection (h) add the following new sentence: ^^ ^tat. 798. "The allowable rate of interest under this subsection shall be prescribed by the Administrator as of the date the project covered by the investment is officially authorized by him and, prior to the execution of the contract, he may amend such rate at his discretion, consistent with the provisions of this subsection," (c) Section 223, which relates to definitions, is amended as follows: ^2 u^r 2II3 (1) I n paragraph (a), after the words "services pursuant to a" insert the words "lease or". (2) Paragraph (c) is amended by striking out the period at the end '^^ ^*°'- ^^'*thereof and inserting a colon and the following: ^''Provided further, That in the case of any loan investment a final determination of eligibility may be made at the time the guaranty is issued; in all other cases, the investor must be eligible at the time a claim arises as well as at the time the guaranty is issued." (d) Section 224(c), which relates to housing projects in Latin Amer- go sfa\^*798^^' ican countries, is amended (1) by striking out "$450,000,000" and 22 USC 2184. "$300,000,000" and substituting '^$500,000,000" and "$325,000,000", respectively, (2) by striking out "misconduct" and substituting "misrepresentation", and (3) by striking out "1969" and substituting "1971". TITLE IV—SURVEYS OF INVESTMENT
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OPPORTUNITIES

SEC. 105. Section 232 of title IV of chapter 2 of part I of the Foreign Assistance Act of 1961, as amended, which relates to surveys 7g^|tar*i0*1^0'' of investment opportunities, is amended by striking out "1965" and 22 USC 2192. substituting "1968". TITLE VI — A L L I A N C E FOR PROGRESS

SEC. 106. Title VI of chapter 2 of part I of the Foreign Assistance Act of 1961, as amended, which relates to the Alliance for Progress, is amended as follows: (a) Section 251(h) of the Foreign Assistance Act of 1961, as amended, which relates to transfers to international lending institu- ^° s*^*- ^9-'tions, is amended as follows: ^^ "^^ ^^^^' (1) Immediately after "named in section 205" insert "(other than the Asian Development B a n k) ". (2) Immediately after "for use" insert "in Latin America". (b) Section 252, which relates to authorization, is amended as ^^l ^*^*- ^sa; ^ ri lOllOWS.

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(1) I n the first sentence strike out "and for each of the fiscal years 1968 and 1969, $750,000,000" and substitute "and for the fiscal year 1968, $578,000,000".

Stat. 799. 22 USC 2212.

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