68 S T A T. ]
PUBLIC LAW 665-AUG. 26, 1954
849
leading, shall upon conviction be fined not more than $25,000 or imprisoned not more than two years, or both. SEC, 415. ASSISTANCE TO INTERNATIONAL ORGANIZATION.—Whenever
it will assist in achieving purposes declared in this Act, the President is authorized to use funds available under sections 131 and 403 in order to furnish assistance, including by transfer of funds, directly to the North Atlantic Treaty Organization, for a strategic stockpile of foodstuffs and other supplies, or for other purposes. SEC. 416. FACILITATION AND ENCOURAGEMENT OF TRAVEL.—The
President, through such officer or commission as he may designate, shall facilitate and encourage, without cost to the United States except for administrative expenses, the promotion and development of travel by citizens of the United States to and within countries receiving assistance under this Act and travel by citizens of such countries to the United States. SEC. 417. I R I S H COUNTERPART.—Pursuant to section 115(b)(6) of
the Economic Cooperation Act of 1948, as amended, the disposition " ^u^^c^isurb) within Ireland of the unencumbered balance, in the amount of approxi- (6). mately 6,000,000 Irish pounds, of the special account of Irish funds established under article IV of the Economic Cooperation Agreement between the United States of America and Ireland, dated June 28, ^2 Stat. 2910. 1948, for the purposes of— (1) scholarship exchange between the United States and Ireland; (2) other programs and projects (including the establishment of an Agricultural Institute) to improve and develop the agricultural production and marketing potential of Ireland and to increase the production and efficiency of Irish industry; and (3) development programs and projects in aid of the foregoing objectives, is hereby approved, as provided in the agreement between the Government of the United States of America and the Government of Ireland, dated June 17, 1954. TITLE V—MISCELLANEOUS PROVISIONS CHAPTER 1. GENERAL PROVISIONS SEC. 501. TRANSFERABILITT OF FUNDS.—Whenever the President
determines it to be necessary for the purposes of this Act, not to exceed 10 per centum of the funds made available pursuant to any provision of this Act may be transferred to and consolidated with the funds made available pursuant to any other provision of this Act, and may be used for any of the purposes for which such funds may be used, except that the total in the provision for the benefit of which the transfer is made shall not be increased by more than 20 per centum of the amount made available for such provision pursuant to this Act. Funds transferred under this section to furnish military assistance under chapter 1 of title I may be expended without regard to the area limits imposed by section 105(c). Of any funds transferred under this section for the purpose of furnishing assistance under section 201, 30 per centum shall be available only for furnishing assistance on terms of repayment in accordance with section 505. Not less than 50 per centum of any assistance furnished under paragraph (1), (2), or (3) of section 201(a) with funds transferred under this section shall be furnished on terms of repayment in accordance with section 505. SEC. 502. U S E OF FOREIGN CURRENCT.—(a) Notwithstanding section 1415 of the Supplemental Appropriation Act, 1953, or any ouier pro-
39777 O—55—pt. 1
56
|* st|rt. 662.
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