Page:United States Statutes at Large Volume 104 Part 3.djvu/692

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104 STAT. 2044 PUBLIC LAW 101-513—NOV. 5, 1990 dures of the Committees on Appropriations, which shall include a detailed description of how the funds proposed to be made available will be used, with a discussion of the United States interests that will be served by the assistance (including, as appropriate, a description of the economic policy reforms that will be promoted by such assistance). (4) EXEMPTION.—Nonproject sector assistance funds may be exempt from the requirements of subsection (b)(l) only through the notification procedures of the Committees on Appropriations. ELIGIBILITY FOR OVERSEAS PRIVATE INVESTMENT CORPORATION SEC. 576. (a) PROGRAMS.— Section 239(f) of the Foreign Assistance 22 USC 2199. Act of 1961 is amended by inserting "or any other East European country," after "Hungary,'. Poian<i- (b) PARTICIPATION BY NONGOVERNMENTAL SECTOR.— (1) In accord- Hungary, ance with its mandate to foster private initiative and competition and enhance the ability of private enterprise to make its full contribution to the development process, the Overseas Private Investment Corporation shall support projects in Poland, Hungary, and other East European countries which will result in enhancement of the nongovernmental sector and reduction of state involvement in the economy. (2) For purposes of this subsection the term "nongovernmental sector" includes private enterprises, cooperatives (insofar as they are not administered by the government), joint ventures (including partners which are not governments of East European countries or instrumentalities thereof), businesses that are wholly or partly owned by United States citizens, religious and ethnic groups (including the Catholic Church), and other independent social organizations. (c) DEFINITION OF ELIGIBLE INVESTOR.— Notwithstanding subsection (b), the term "eligible investor" with respect to OPIC's programs in Eastern Europe has the same meaning as contaiined in section 238(c) of the Foreign Assistance Act of 1961. (d) EXPIRATION DATE. —The authority of the Overseas Private Investment Corporation to issue insurance, reinsurance, and guarantees, and to provide any assistance under its direct loan and equity programs with respect to projects undertaken in Eastern Europe sh^l remain in effect until September 30, 1992. ASSISTANCE FOR NICARAGUA SEC. 577. (a) None of the funds appropriated by this Act shall be provided for any member of the Nicaraguan resistance who has not disarmed and is not abiding by the terms of the cease-fire agreement and the addendums to the Toncontin Agreement signed on April 19, 1990. (b) Section 1 of the Act entitled "An Act to provide survival assistance to victims of civil strife in Central America", approved 103 Stat. 1852. December 11, 1989 (Public Law 101-215), is amended by repealing subsection (c). COMPENSATION FOR UNITED STATES EXECUTIVE DIRECTORS TO INTERNATIONAL FINANCIAL INSTITUTIONS SEC. 578. (a) No funds appropriated by this Act may be made as payment to any international financial institution while the United