Page:United States Statutes at Large Volume 82.djvu/1003

 82 STAT. ]

PUBLIC LAW 90-554-OCT. 8, 1968

961

(B) In the third proviso, strike out "$1,000,000" and substitute "$1,250,000". (C) In the last proviso, strike out "1970" and substitute "1971". (b) At the end of section 221, add a new subsection as follows: "(e)(1) No guaranty of a loan or equity investment of an eligible United States investor in a foreign bank, finance company, or other credit institution (hereinafter the 'original investment') shall cover any loss of a loan or equity investment of such bank, finance company, or credit institution; and in no event shall payment be made under any such guaranty except for loss of the original investment, and, where provided for by such guaranty, earnings or profits actually accrued thereon. "(2) I n the administration of this subsection, the eligible United States investor may be deemed to have sustained a loss of the original investment only if the foreign bank, finance company, or credit institution in which the original investment was made becomes or is likely to become insolvent due to the occurrence of an event against which protection is provided by the guaranty." SEC. 104. Section 224(c), which relates to housing projects in Latin American countries, is amended by striking out "$500,000,000" and substituting "$550,000,000".

^s Stat. 429. ^^ "^*^ ^^^^'

^^ ^*^*- ^'^s; 22 USC 2184

TITLE V r — A L L I A N C E FOR PROGRESS

SEC. 105. (a) Section 252(a) of title VI of chapter 2 of part I of the 76 Stat. 258; Foreign Assistance Act of 1961, as amended, which relates to authori- l^ sill. 451! zation for the Alliance for Progress, is amended as follows: 22 USC 2212. (1) Strike out "1967, $696,500,000, and for the fiscal year 1968, $578,000,000, which amounts are" and substitute "1969, $420,000,000, which is". (2) Strike out "$100,000,000 in each such fiscal year of the funds appropriated pursuant to this section for use beginning in each such fiscal year" and substitute "$90,000,000". (3) Strike out "years ending June 30, 1967, through June 30, 1968, respectively" and substitute "year ending June 30, 1969". (b) Section 252(b), which relates to authorization for the Partners of the Alliance, is amended by striking out "1968, $714,000" and substituting "1969, $350,000". TITLE IX — U T I L I Z A T I O N OF DEMOCRATIC INSTITUTIONS I N

DEVELOPMENT

SEC. 106. Section 281 of the Foreign Assistance Act of 1961, as amended, is amended as follows: so Stat. soo; (a) At the end of subsection (c), add the following new sentence: 22 USC 2218. "In particular, emphasis should be given to research designed to increase understanding of the ways in which development assistance can support democratic social and political trends in recipient countries." (b) At the end of section 281, add the following new subsection: "(e) In order to carry out the purposes of this title, the agency i^^^n^^^^"^^""^'"' primarily responsible for administering part I of this Act shall develop ing prograras. systematic programs of inservice training to familiarize its personnel with the objectives of this title and to increase their knowledge of the political and social aspects of development. In addition to other funds available for such purposes, not to exceed 1 per centum of the funds authorized to be appropriated for grant assistance under this chapter may be used for carrying out the objectives of this subsection."

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