Page:United States Statutes at Large Volume 82.djvu/1002

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PUBLIC LAW 90-554-OCT. 8, 1968

[82 STAT.

Public Law 90-554 October 8, 1968

[H.R. 15263]

Foreign Assistance Act of 1968.

AN

ACT

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

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Foreign Assistance Act of 1968". PAET I CHAPTER 2—DEVELOPMENT ASSISTANCE TITLE I — ^ DEVELOPMENT LOAN

FUND

oJL^T^'}y°^''

SEC. 101. Title I of chapter 2 of part I of the Foreign Assistance Act of 1961, as amended, which relates to the Development Loan Fund, is amended as follows: (a) Section 201(d), which relates to rates of interest, is amended as

81 Stat. 447. 22 USC 2161.

< ii • lOllOWS:

8/stat^447*^' 22 USC 2162.

\

/'

7

(1) Strike out "1967" and substitute "1968". (2) Strike out "2i/^ per centum" and substitute "3 per centum". (^) Section 202(a), which relates to authorization, is amended as follows:

(1) After "year 1967", strike out "and" and substitute a comma. (2) After "year 1968," insert "and $350,000,000 for the fiscal year 1969,". (3) Strike out "years ending June 30, 1967, through June 30, 1968, respectively" and substitute "year ending June 30, 1969". TITLE n—TECHNICAL COOPERATION AND DEVELOPMENT GRANTS

80 Stat. 797. 22 USC 2171. 81 Stat. 449. 22 USC 2172. 22 USC 2 m

SEC. 102. Title II of chapter 2 of part I of the Foreign Assistance Act of 1961, as amended, which relates to technical cooperation and development grants, is amended as follows: ^^^^ Section 211(d), which relates to availability of funds for cer^^-j^ research and educational institutions, is amended by inserting "in any fiscal year" immediately after "funds made available". ^\y'^ Section 212, which relates to authorization, is amended by striking out "$210,000,000 for the fiscal year 1968" and substituting "$200,000,000 for the fiscal year 1969". (^^ Section 214, which relates to American schools and hospitals abroad, is amended as follows: (1) I n subsection (c) strike out "1968, $14,000,000" and substitute "1969, $14,600,000". (2) I n subsection (d) ^ r i k e out "1968, $2,986,000" and substitute "1969, $5,100,000". TITLE n i — ^ INVESTMENT GUARANTIES

22 USC 2181.

SEC. 103. (a) Section 221(b) of title III of chapter 2 of part I of the Foreign Assistance Act of 1961, as amended, which relates to general authority for investment guaranties, is amended as follows: (1) I n the proviso of paragraph (1), strike out "$8,000,000,000" and substitute "$8,500,000,000". (2) Paragraph (2) is amended as follows: (A) I n the third proviso, strike out "$475,000,000" and "$315,000,000" and substitute "$550,000,000" and "$390,000,000", respectively.

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