Page:United States Statutes at Large Volume 95.djvu/1563

 PUBLIC LAW 97-113—DEC. 29, 1981

95 STAT. 1537

TITLE IV-FOOD FOR PEACE PROGRAMS REPEAL OF OBSOLETE FOREIGN CURRENCY PROVISIONS

SEC. 401. The Agricultural Trade Development and Assistance Act of 1954 is amended— (1) in section 101, by striking out "for foreign currencies" and inserting in lieu thereof ", to the extent that sales for dollars under the terms applicable to such sales are not possible, for foreign currencies on credit terms and on terms which permit conversion to dollars at the exchange rate applicable to the sales agreement"; (2) by amending section 103(b) to read as follows: "(b) except where the President determines that it would be inconsistent with the objectives of this Act, determine the amount of foreign currencies needed for the uses specified in subsections (a), (b), (e), and (h) of section 104 and in title HI, and the agreements for credit sales shall provide for payment of such amounts in dollars or in foreign currencies upon delivery of the agricultural commodities; and such payment may be considered as an advance payment of the earliest installments;"; (3) in section 103(d), by striking out "(1)" and by striking out", or (2) for the purpose only of sales of agricultural commodities for for e ^ currencies under title I of this Act, any country or area dominated by a Communist government"; (4) in section 103(1), by striking out "obtain commitments from friendly" and all that follows through "United States of America, and"; (5) in section 104— (A) in the text preceding subsection (a), by striking out "this title" and inserting in lieu thereof "agreements for such sales entered into prior to January 1, 1972,"; and (B) in paragraph (3) of the proviso following subsection (k), by striking out (except as provided in subsection (c) of this section),"; (6) m section 106(a)— (A) by inserting "(1)" after "(a)"; and (B) by adding at the end thereof the following: "(2) Payment by any friendly country for commodities purchased for foreign currencies on credit terms and on terms which permit conversion to dollars shall be upon terms no less favorable to the United States than those for development loans made under section 122 of the Foreign Assistance Act of 1961."; (7) by repealing section 108; and (8) by repealing section 109(b). EMERGENCY OR EXTRAORDINARY RELIEF REQUIREMENTS

SEC. 402. Section 104(d) of the Agricultural Trade Development and Assistance Act of 1954 is amended by striking out "$5,000,000" and inserting in lieu thereof "$10,000,000'' SELF-HELP MEASURES TO INCREASE AGRICULTURAL PRODUCTION; VERIFICATION OF SELF-HELP PROVISIONS

SEC. 403. (a) Section 109(a) of the Agricultural Trade Development and Assistance Act of 1954 is amended—

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