Page:United States Statutes at Large Volume 87.djvu/762

 730

PUBLIC LAW 93-189-DEC. 17, 1973

[87 STAT.

eir?bliit"for7ur "^^^ Except as Otherwise provided in subsection (d), any foreign ttief sales. °' "" country which hereafter uses defense articles or defense services furnished such country under this Act, in substantial violation of any provision of this Act or any agreement entered into under this Act, shall be immediately ineligible for further cash sales, credits, or guarantees. " (d) No sophisticated weapons, including sophisticated jet aircraft or spare parts and associated ground equipment for such aircraft, shall be furnished under this or any other Act to any foreign country on or after the date that the President determines that such country lias violated any agreement it has made in accordance with paragraph (2) of subsection (a) of this section or section 505(a) of the Foreign ai^ ^'^456^^' Assistance Act of 1961 or any other provision of law requiring similar 22 USC 2314. agreements. Such country shall remain ineligible in accordance with this subsection until such time as the President determines that such violation has ceased, that the country concerned has given assurances satisfactory to the President that such violation will not reoccur, and that, if such violation involved the transfer of sophisticated weapons without the consent of the President, such weapons have been returned to the country concerned." 22 USC 27^5"' (^) Section 22 is amended to read as follows: "SEC. 22. PROCUREMENT FOR CASH SALES.— (a) Except as otherwise

provided in this section, the President may, without requirement for charge to any appropriation or contract authorization otherwise provided, enter into contracts for the procurement of defense articles or defense services for sale for United States dollars to any foreign country or international organization if such country or international organization provides the United States Government with a dependable undertaking (1) to pay the full amount of such contract which will assure the United States Government against any loss on the contract, and (2) to make funds available in such amounts and at such times as may be required to meet the payments required by the contract, and any damages and costs that may accrue from the cancellation of such contract, in advance of the time such payments, damages, or costs are due. " (b) The President may, when he determines it to be in the national interest, accept a dependable undertaking of a foreign country or international organization with respect to any such sale, to make full payment within 120 days after delivery of the defense articles or the rendering of the defense services. Appropriations available to the Department of Defense may be used to meet the payments required by the contracts for the procurement of defense articles and defense services and shall be reimbursed by the amounts subsequently received from the country or international organization to whom articles or services are sold." 82 Stat. 1324.

22 USC 2764.

(4) l u SectioU 2 4 (c) —

^^^ strike out "pursuant to section 31" and insert in lieu thereof "to carry out this Act"; and (B) insert "principal amount of" immediately before the words "contractual liability" wherever they appear. Foreign military (.5) I n section 31(a), Strike out "$400,000,000 for the fiscal year 1972" cei'^ng" ' ' and insert in lieu thereof "$325,000,000 for fiscal year 1974". 84 Stat. 2053; (g) jj^ section 31(b), strike o u t " (excluding credits covered by guar^2rusc 2771. anties issued pursuant to section 24(b), and the face amount of guaranties issued pursuant to sections 24(a) and (b) shall not exceed $550,000,000 for the fiscal year 1972, of which amount not less than $300,000,000 shall be available to Israel only" and insert in lieu thereof "and of the principal amount of loans guaranteed pursuant to section 24(a) shall not exceed $730,000,000 for the fiscal year 1974, of which amount not less than $300,000,000 shall be available to Israel only".

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