Page:United States Statutes at Large Volume 95.djvu/1550

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PUBLIC LAW 97-000—MMMM. DD, 1981

95 STAT. 1524 22 USC 2795b.

Ante, p. 1522.

PUBLIC LAW 97-113—DEC. 29, 1981

"SEC. 53. ANNUAL REPORTS TO CONGRESS.—(a) Not later than December 31 of each year, the President shall submit to the Congress a comprehensive report on acquisitions of defense articles and defense services under this chapter. Each such report shall include— "(1) a description of each contract for the acquisition of defense articles or defense services under this chapter which was entered into during the precedingfiscalyear; "(2) a description of each contract for the acquisition of defense articles or defense services under this chapter which the President anticipates will be entered into during the current fiscal year; "(3) a description of each defense article or defense service acquired under this chapter which was transferred to a foreign country or international organization during the preceding fiscal year; and "(4) an evaluation of the impact of the utilization of the authority of this chapter on United States defense production and the readiness of the United States Armed Forces. "(b) As part of the annual written report to the Congress required by section 139(a) of title 10, United States Code, regarding procurement schedules for each weapon system for which funding authorization is required, the President shall provide a report estimating the likely procurements to be made through the Fund.". (b) Section 138 of title 10, United States Code, is amended by adding immediately following subsection (f) the following new subsection: "(g) The size of the Special Defense Acquisition Fund established pursuant to chapter 5 of the Arms Export Control Act may not exceed $300,000,000 in fiscal year 1982 and may not exceed $600,000,000 in fisc^ year 1983 or any fiscal year thereafter.". LEASING OF DEFENSE ARTICLES

SEC. 109. (a) The Arms Export Control Act, as amended by section 108 of this Act, is further amended by adding at the end thereof the following new chapter: "CHAPTER 6—LEASES OF DEFENSE ARTICLES 22 USC 2796.

"SEC. 61. LEASING AUTHORITY.—(a) The President may lease defense articles in the stocks of the Department of Defense to an eligible foreign country or international organization if— "(1) he determines that there are compelling foreign policy and national security reasons for providing such articles on a lease basis rather than on a sales basis under this Act; "(2) he determines that the articles are not for the time needed for public use; and "(3) the country or international organization has agreed to pay in United States dollars all costs incurred by the United States Covernment in leasing such articles, including reimbursement for depreciation of such articles while leased, the costs of restoration or replacement if the articles are damaged while leased, and the replacement cost (less any depreciation in the value) of the articles if the articles are lost or destroyed while leased. The requirement of paragraph (3) shall not apply to leases entered into for purposes of cooperative research or aevelopment, military exercises, or communications or electronics interface projects, or to