Page:United States Statutes at Large Volume 92 Part 1.djvu/1009

 PUBLIC LAW 95-424—OCT. 6, 1978

92 STAT. 955

TRANSPORTATION COSTS FOR FOOD FOR DEVELOPMENT PROGRAMS

SEC. 202. Section 304 of the Agricultural Trade Development and 7 USC 1727c. Assistance Act of 1%4 is amended by adding at the end thereof the following new subsection: "(d) The Commodity Credit Corporation may pay, with respect to commodities made available under this title to a country on the United Nations Conference on Trade and Development list of relatively least developed countries, freight charges from United States ports to designated ports of entry abroad or to designated points of entry abroad m the case of landlocked countries.". APPLICATION OF FOOD FOR DEVELOPMENT PROCEEDS TO REPAYMENT OBLIGATIONS

S E C 203. Section 305 of the Agricultural Trade Development and 7 USC 1727d. Assistance Act of 1954 is amended— (1) by inserting " (a) " immediately after " S E C 305."; and (2) by adding at the end thereof the following new subsection: "(b) Such disbursements shall be deemed to be payments with respect to the credit furnished pursuant to the agreement or if, in the case of a country on the United Nations Conference on Trade and Development list of relatively least developed countries, the disbursements in a fiscal year are greater than the amount of the annual repayment obligation which that country would have to meet for that fiscal year under the agreement but for the disbursements in accordance with the Food for Development Program, then the disbursements which are in excess of the amount of that annual repayment obligation may, to the extent provided in the agreement, be considered as payments with respect to the annual repayment obligations of that country for that fiscal year under other financing agreements under this Act.". TITLE III—COORDINATION AND ADMINISTRATION O F THE DEVELOPMENT-RELATED PROGRAMS AND POLICIES OF THE UNITED STATES DECLARATION OF OBJECTIVES

S E C 301. The Congress declares that the United States Government should place higher priority, in the formulation and implementation of governmental policies, on efforts to help meet the legitimate needs of poor countries for improving the quality of the lives of their populations. The Congress also declares that greater effectiveness and efficiency of United States assistance to such countries can be achieved through improved coordination and administrative consolidation.

22 USC 2151 note.

IMPLEMENTATION OF OBJECTIVES

S E C 302. In furtherance of the objectives set forth in section 301 the Congress directs the President to institute a strengthened system of coordination of all United States economic policies which impact on the developing countries of the world, including but not limited to policies concerning international trade, commodity agreements, investment, debt, international financial institutions, international and multilateral development agencies and programs, and concessional and grant food assistance, in addition to policies concerning United States bilateral economic development assistance.

39-194 O—80—pt. 1

64: QL3

22 USC 2151 note.

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