PUBLIC LAW 103-87—SEPT. 30, 1993 107 STAT. 939 ASSISTANCE FOR THE NEW INDEPENDENT STATES OF THE FORMER SOVIET UNION For necessary expenses to carry out the provisions of chapter 11 of part I of the Foreign Assistance Act of 1961 and the FREE- DOM Support Act, for assistance for the new independent states of the former Soviet Union and for related programs, $603,820,000, to remain available until expended: Provided, That the provisions of 498B(j) of the Foreign Assistance Act of 1961 shall apply to funds appropriated by this paragraph. INDEPENDENT AGENCIES AFRICAN DEVELOPMENT FOUNDATION For necessary expenses to carry out the provisions of title V of the International Security and Development Cooperation Act of 1980, Public Law 96-533, and to make such contracts and commitments without regard to fiscal year limitations, as provided by section 9104, title 31, United States Code, $16,905,000: Provided, Tiiat, when, with the permission of the President of the Foundation, funds made available to a grantee under this heading are invested pending disbursement, the resulting interest is not required to be deposited in the United States Treasury if the grantee uses the resulting interest for the purpose for which the grant was made: Provided further. That this provision applies with respect to both interest earned before and interest earned after the enactment of this provision: Provided further. That notwithstanding section 505(a)(2) of the African Development Foundation Act, in exceptional circumstances the board of directors of the Foundation may waive the dollar limitation contained in that section with respect to a project: Provided further. That the Foundation shall Reports. provide a report to the Committees on Appropriations after each time such waiver authority is exercised. INTER-AMERICAN FOUNDATION For expenses necessary to carry out the functions of the Inter- American Foundation in accordance with the provisions of section 401 of the Foreign Assistance Act of 1969, and to make such contracts and commitments without regard to fiscal year limitations, as provided by section 9104, title 31, United States Code, $30,960,000. OVERSEAS PRIVATE INVESTMENT CORPORATION PROGRAM ACCOUNT For the subsidy cost as defined in section 13201 of the Budget Enforcement Act of 1990, of direct and guaranteed loans authorized by section 234 of the Foreign Assistance Act of 1961, as follows: cost of direct and guaranteed loans, $9,065,000. In addition, for administrative expenses to carry out the direct and guaranteed loan programs, $7,518,000: Provided, That the funds provided in this paragraph shall be available for and apply to costs, direct loan obligations and loan guaranty commitments incurred or made during the period from October 1, 1993 through September 30, 1995: Provided further. That such sums are to remain available through fiscal year 2002 for the disbursement of direct and guaran-
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