Page:United States Statutes at Large Volume 89.djvu/927

 PUBLIC LAW 94-161—DEC. 20, 1975 (4) by adding at the end thereof the following new subsections: "(b) Notwithstanding the provisions of section 620(r) of this Act, the United States is authorized to forgive the liability incurred by the Government of the Cape Verde Islands for the repayment of a $3,000,000 loan on June 30, 1975. "(c) The President is authorized to use up to $30,000,000 of the funds made available under this part for the fiscal year 1976, in addition to funds otherwise available for such purposes, to provide development assistance in accordance with chapter 1 or relief and rehabilitation assistance in accordance with chapter 9 (including assistance through international or private voluntary organizations) to countries and colonies in Africa which were, prior to April 25, 1974, colonies of Portugal.".

89 STAT. 867 Cape Verde Islands loan, forgiveness of liability.

22 USC 2370.

22 USC 2151 et seq. 22 USC 2292 et seq.

rURNISHING o r SERVICES AND COMMODITIES

SEC. 315. Section 607(a) of the Foreign Assistance Act is amended 22 USC 2357. by deleting the second full sentence, and inserting in lieu thereof the following: "Such advances or reimbursements may be credited to the currently applicable appropriation, account, or fund of the agency concerned and shall be available for the purposes for which such appropriation, account, or fund is authorized to be used, under the following circumstances: "(1) Advances or reimbursements which are received under this section within one hundred and eighty days after the close of the fiscal year in which such services and commodities are delivered. "(2) Advances or reimbursements received pursuant to agreements executed under this section in which reimbursement will not be completed within one hundred and eighty days after the close of the fiscal year in which such services and commodities are delivered: Provided, That such agreements require the payment of interest at the current rate established pursuant to section 2 (b)(1)(B) of the Export-Import Bank Act of 1945 (59 Stat. 526), and repayment of such principal and interest does not 12 USC 635 note, exceed a period of three years from the date of signing of the agreement to provide the service: Provided further, That funds available for this paragraph in any fiscal year shall not exceed $1,000,000 of the total funds authorized for use in such fiscal year by chapter 1 of part I of this Act, and shall be available only to the extent provided in appropriation Acts. Interest shall accrue as of the date of disbursement to the agency or organization providing such services.". SUPPORT o r

REIMBURSABLE DEVELOPMENT

PROGRAMS

SEC. 316. Section 661 of the Foreign Assistance Act of 1961 is 22 USC 2421. amended by striking out "in each of the fiscal years 1975 and 1976" and inserting in lieu thereof "in the fiscal year 1975, $2,000,000 in the fiscal year 1976, and $2,000,000 in the fiscal year 1977,". T R A N S I T I O N PROVISIONS FOR I N T E R I M

QUARTER

SEC. 317. Part III of the Foreign Assistance Act of 1961 is amended by adding at the end thereof the following new section: "SEC. 665. TRANSITION PROVISIONS FOR INTERIM QUARTER.—There are 22 USC 2425. authorized to be appropriated for the period July 1, 1976, through September 30, 1976, such amounts as may be necessary to conduct programs and activities for which funding was authorized for fiscal year

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