Page:United States Statutes at Large Volume 91.djvu/584

 91 STAT. 550

Multi-year proposal, submittal to President.

7 USC 1727b. Contents. 7 USC 1701.

Ante, p. 534.

22 USC 2151 note. Credit. 7 USC 1727c.

Post, p. 551.

Waiver.

Report to Congress. 7 USC 1727d.

PUBLIC LAW 95-88—AUG. 3, 1977 " (3) Greatest efforts shall be made by relevant United States agencies to encourage maximum utilization of assistance for Food for Development projects under this title, even beyond the minimums required by paragraph (1) of this subsection. " SEC. 303. (a) A country designated as eligible and wishing to participate in a Food for Development Program shall formulate, with the assistance (if requested) of the United States Government, a multiyear proposal which shall be submitted to the President. Such proposal shall include an annual value or amount of agricultural commodities proposed to be financed under the authority of title I of this Act i^ursuant to the provisions of this title, and a plan for the intended uses of commodities or the funds generated from the sale of such commodities, on an annual basis for each year such funds are to be disbursed. Such proposal shall also specify the nature and magnitude of problems to be affected by the effort, and shall present targets in quantified terms, insofar as possible, and a description of the relationships among the various projects, activities, or program s to be supported. " (b) The multiyear utilization proposal for a Food for Development Program shall include, but not be limited to, a statement of how assistance under- such Program will be integrated into and complement that country's overall development plans and other forms of bilateral and multilateral development assistance, including assistance made available under section 103 of the Foreign Assistiince Act of 1961 or under any other title of this Act. " (c) I n his review of any utilization proposal for a Food for Development Program, the President shall be satisfied that such assistance is intended to complement, but not replace, assistance authorized by the Foreign Assistance Act of 1961, or any other program of bilateral or multilateral assistance, or under the development program of the country desiring to initiate a Food for Development Program. " SEC. 304. (a) Whenever a utilization proposal has been agreed upon by the President and the participating country, the Commodity Credit Corporation is authorized to furnish credit under the authority of title 1 of this Act to the participating country for the purchase of a specific annual value of agr-icultural commodities to be delivered over a period of from one to five years, subject to the availability of commodities under section 401 of this Act. " (b) Notwithstanding any other provision of this Act, no payment except as provided for under this title shall be required of the recipient government as a part of any agreement to finance the sale of agricultural commodities pursuant to a Food for Development Program. " (c) I n making food assistance available under this title to a count r y on the United Nations Conference on Trade and Development list of relatively least developed countries, the President may waive any requirement corltained in section 303(a) or (b), in that portion of section 303(c) which requires that assistance under this title is intended to complement birt not replace any part of the development program of the participating country, or in section 306, if he finds that such country is unable to meet such requirement but could use assistance under this title to meet important humanitarian or developmental objectives of this Act. Such waivers, and the reasons therefor, shall be reported annually by the President to the Congr-ess. " S E C, 305. Funds generated frorrr the sale of agricultural commodities by any participating coirntr-y under this title shall be held in a

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