Page:United States Statutes at Large Volume 88 Part 2.djvu/480

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PUBLIC LAW 93-559-DEC. 30, 1974 EDUCATION

22 USC 2151c.

AND H U M A N

22 USC 2151,

OF LOAN

22 USC 2183.

RECEIPTS

SEC. 6. Section 203 of the P^oreign Assistance Act of 1961 is amended by adding at the end thereof the following: "On and after July 1, 1975, none of the dollar receipts paid during any fiscal year from loans made pursuant to this part or from loans made under predecessor foreign assistance legislation are authorized to be made available during any fiscal year for use for purposes of making loans under chapter 1 of this part. All such receipts shall be deposited in the Treasury as miscellaneous receipts." HOUSING

22 USC 2 1 8 1.

RESOURCP:S DEVELOPMENT

SEC. 5. Section 105 of the Foreign Assistance Act of 1961 is amended by striking out "$90,000,000 for each of the fiscal years 1974 and 1975" and inserting in lieu thereof "$90,000,000 for the fiscal year 1974, and $92,000,000 for the fiscal year 1975". DISPOSITION

22 USC 2 1 6 3.

[88 STAT.

GUARANTIES

SEC. 7. The Foreign Assistance Act of 1961 is amended as follows: (1) I n section 221, strike out "$305,000,000" and insert in lieu thereof "$355,000,000". (2) I n section 223(i), strike out "June 30, 1975" and insert in lieu thereof "June 30, 1976". AGRICULTURAL CREDIT PROGRAMS

SEC. 8. (a) Title III of chapter 2 of part I of the Foreign Assistance Act of 1961 is amended— (1) by striking out the title heading and inserting in lieu thereof the following: "TITLE III—HOUSING AND OTHER CREDIT GUARANTY PROGRAMS";

22 USC 2182a.

Guaranties. 22 USC 2151.

(2) by inserting immediately after section 222 the following new section: "SEC, 222A. Agricultural and Productive Credit and Self-Help Community Development Programs.— (a) I t is the sense of the Congress that in order to stimulate the participation of the private sector in the economic development of less-developed countries in Latin America, the authority conferred by this section should be used to establish pilot programs in not more than five Latin American countries to encourage private banks, credit institutions, similar private lending organizations, cooperatives, and private nonprofit development organizations to make loans on reasonable terms to organized groups and individuals residing in a community for the purpose of enabling such groups and individuals to carry out agricultural credit and self-help community development projects for which they are unable to obtain financial assistance on reasonable terms. Agricultural credit and assistance for self-help community development projects should include, but not be limited to, material and such projects as wells, pumps, farm machinery, improved seed, fertilizer, pesticides, vocational training, food industry development, nutrition projects, improved breeding stock for farm animals, sanitation facilities, and looms and other handicraft aids. " (b) To carry out the purposes of subsection (a), the agency primarily responsible for administering part I is authorized to issue guar-

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