Page:United States Statutes at Large Volume 81.djvu/977

 81

PUBLIC LAW 90-249-JAN. 2, 1968

STAT.]

943

TITLE III—EXPORT-IMPORT BANK OF WASHINGTON The Export-Import Bank of Washington is hereby authorized to make such expenditures within the limits of funds and borrowing authority available to such corporation, and in accord with law, and to make such contracts and commitments without regard to fiscal year limitations as provided by section 104 of the Government Corporation Control Act, as amended, as may be necessary in carrying out the program set forth in the budget for the current fiscal year for such corporation, except as hereinafter provided.

3 J ff^^- ^^,f;

LIMITATION ON PROGRAM ACTIVITY

Not to exceed $2,672,000,000 (of which not to exceed $2,295,000,000 shall be for equipment and services loans) shall be authorized during the current fiscal year for other than administrative expenses. LIMITATION ON ADMINISTRATIVE EXPENSES

Not to exceed $4,190,000 (to be computed on an accrual basis) shall be available during the current fiscal year for administrative expenses, including services as authorized by 5 U.S.C. 3109, and not to exceed ^0 ^*«*- '^^^• $12,000 for entertainment allowances for members of the Board of Directors: Provided, That (1) fees or dues to international organizations of credit institutions engaged in financing foreign trade, (2) necessary expenses (including special services performed on a contract or fee basis, but not including other personal services) in connection with the acquisition, operation, maintenance, improvement, or disposition of any real or personal property belonging to the Bank or in which it has an interest, including expenses of collections of pledged collateral, or the investigation or appraisal of any property in respect to which an application for a loan has been made, and (3) expenses (other than internal expenses of the Bank) incurred in connection with the issuance and servicing of guarantees, insurance, and reinsurance, shall be considered as nonadministrative expenses for the purposes hereof. None of the funds made available because of the provisions of this title shall be used by the Export-Import Bank to either guarantee the payment of any obligation hereafter incurred by any Communist country (as defined in section 620(f) of the Foreign Assistance Act of 1961, as amended) or any agency or national thereof, or in any 22 USC 2370. other way to participate in the extension of credit to any such country, agency, or national, in connection with the purchase of any product by such country, agency, or national, except when the President deter- te^^inLfi^n!'^ ^^' mines that such guarantees would be in the national interest and Report to conreports each such determination to the House of Representatives and s""^^^the Senate within 80 days after such determination. TITLE IV—GENERAL PROVISIONS SEC. 401. No part of any appropriation contained in this Act shall Publicity and be used for publicity or propaganda purposes within the United States ^^°^^^^'^ not heretofore authorized by the Congress. SEC. 402. None of the funds herein appropriated shall be used for ^^1"^^^^^'^ n ^" expenses of the Inspector General, Foreign Assistance, after the ATsistance!" expiration of the thirty-five day period which begins on the date the General Accounting Office or any committee of the Congress, or any duly authorized subcommittee thereof, charged with considering foreign assistance legislation, appropriations, or expenditures, has 85-622 0-68—62

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