Page:United States Statutes at Large Volume 81.djvu/490

 456

Cost-sharing expenses. 80 Stat. 802. 22 USC 2312.

75 Stat. 436; 77 Stat. 384; 79 Stat. 656. 22 USC 2313.

PUBLIC LAW 90-137-NOV. 14, 1967

[81 STAT.

(1) Strike out all of the first sentence up to, but excluding, the colon and the proviso, and substitute "There is authorized to be appropriated to the President to carry out the purposes of this part not to exceed $510,000,000 for the fiscal year 1968". (2) Immediately after the first sentence, insert the following: "Of the amount appropriated pursuant to this subsection for the fiscal year 1968, $24,100,000 shall be available solely for cost-sharing expenses of United States participation in the international military headquarters and related agencies program. No part of any funds made available under any other provision of law shall be used for the cost-sharing expenses referred to in the preceding sentence.". (d) Section 505(a), which relates to utilization of assistance, is amended as follows: (1) Subsection (a) is redesignated as section 502. (2) At the beginning of such new section 502, strike out "UTILIZATION or ASSISTANCE.— (a) Military assistance" and substitute "UTILIZATION OF DEFENSE ARTICLES AND DEFENSE SERVICES.—Defense articles

75 Stat. 436; 76 Stat. 259; 80 Stat. 803. 22 USC 2314. 75 Stat. 437; 79 Stat. 657. 22 USC 2315.

76 Stat. 259; 78 Stat. 1011.

75 Stat. 437; 80 Stat. 803. 22 USC 2316.

and defense services", (e) Section 506, which relates to conditions of eligibility, is redesignated as section 505. f) Section 507(a), which relates to sales, is amended as follows: (1) Subsection (a) is redesignated as section 522. (2) I n such new section 522, strike out " S A L E S " as the section caption and substitute "SALES FROM STOCK". (3) I n such new section 522, strike out "subsection" each place it appears and substitute in each such place "section". (g) Section 507(b), which relates to sales, is amended as follows: (1) Subsection (b) is redesignated as section 523. (2) I n such new section 523, insert "PROCUREMENT FOR SALES.—" as the section caption. (3) I n the third sentence of such new section 523, strike out "credited to the account established under section 508" and substitute "transferred to the general fund of the Treasury". (4) Strike out "subsection" in the last sentence and substitute "section". (h) Section 508, which relates to reimbursements, is amended as follows: (1) Section 508 is redesignated as section 524. (2) I n such new section 524, insert " (a) " immediately after "REIMBURSEMENTS.—".

U.S. liabilities and obligations, discharge. Funds, availability.

22 USC 2312.

(3) Insert the following new subsection at the end of such new section 524: " (b)(1) The special fund account established under subsection (a) of this section shall terminate as of the end of June 30, 1968, or on such earlier date as may be selected by the President. "(2) Upon the termination of such fund account pursuant to paragraph (1), all of the assets of such fund account (includingloans and other payments receivable) shall be transferred to a special account in the Treasury, which special account shall be available solely for the purpose of discharging outstanding liabilities and obligations of the United States arising out of credit sales agreements entered into, and guaranties issued, under this part, prior to June 30, 1968, Any moneys in such special account in excess of the aggregate United States dollar amount of such liabilities and obligations shall be transferred from time to time to the general fund of the Treasury. "(3) After the termination of such fund account pursuant to paragraph (1), the President may finance sales of defense articles and defense services to foreign countries and international organizations only from appropriations made available pursuant to section 504 to carry out this part and only if such countries or

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