Page:United States Statutes at Large Volume 99 Part 2.djvu/193

 PUBLIC LAW 99-190—DEC. 19, 1985

99 STAT. 1303

LIMITATION ON PROGRAM ACTIVITY

During the fiscal year 1986 and within the resources and authority available, gross obligations for the principal amount of direct loans shall not exceed $1,110,000,000: Provided, That during the fiscal year 1986, total commitments to guarantee loans shall not exceed $12,000,000,000 of contingent liability for loan principal, LIMITATION ON ADMINISTRATIVE EXPENSES

Not to exceed $18,357,000 (to be computed on an accrual basis) shall be available during the current fiscal year for administrative expenses, including hire of passenger motor vehicles and services as authorized by section 3109 of title 5, United States Code, and not to exceed $16,000 for official reception and representation expenses for members of the Board of Directors: Provided, That (1) fees or dues to international organizations of credit institutions engaged in financing foreign trade, (2) necessary expenses (including special services performed on a contract or a fee basis, but not including other personal services) in connection with the acquisition, operation, maintenance, improvement, or disposition of any real or personal property belonging to the Export-Import Bank or in which it has an interest, including expenses of collections of pledged collateral, or the investigation or appraisal of any property in respect to which an application for a loan has been made, and (3) expenses (other than internal expenses of the Export-Import Bank) incurred in connection with the issuance and servicing of guarantees, insurance, and reinsurance, shall be considered as nonadministrative expenses for the purposes of this paragraph. TITLE V—GENERAL PROVISIONS SEC. 501. None of the funds appropriated in this Act (other than funds appropriated for "International organizations and programs") shall be used to finance the construction of any new flood control, reclamation, or other water or related land resource project or program which has not met the standards and criteria used in determining the feasibility of flood control, reclamation, and other water and related land resource p r ( ^ a m s and projects proposed for Construction within the United States of America under the principles, standards and procedures established pursuant to the Water Resources Planning Act (42 U.S.C. 1962, et seq.) or Acts amendatory or supplementary thereto. SEC. 502. Except for the appropriations entitled "International disaster assistance", and "United States emergency refugee and migration assistance fund" not more than 15 per centum of any appropriation item made available by this Act for the current fiscal year shall be obligated during the last month of availability. SEC. 503. None of the funds appropriated in this Act nor any of the counterpart funds generated as a result of assistance hereunder or any prior Act shall be used to pay pensions, annuities, retirement pay, or adjusted service compensation for any person heretofore or hereafter serving in the armed forces of any recipient country. SEC. 504. None of the funds appropriated or made available pursuant to this Act for carrying out the Foreign Assistance Act of 1961, may be used for making payments on any contract for procurement to which the United States is a party entered into after the date of

Prohibitions. Flood control. Reclamation projects.

Prohibitions.

Prohibitions. Contracts. 22 USC 2151 note.

�