106 STAT. 444 PUBLIC LAW 102-322—JULY 19, 1992 E. PEARY (FF-1073), and KIRK (FF-1087) to the Coordination Council for North American Affairs (which is the Taiwan instrumentaUty designated pursuant to section 10(a) of the Taiwan Relations Act). A lease under this section may be renewed. r (b) APPLICABLE LAW. —Any such lease shall be in accordance with chapter 6 of the Arms Export Control Act (22 U.S.C. 2796 and following), except that section 62 of that Act (22 U.S.C. 2796a; relating to reports to the Congress) shall apply only to renewals of the lease. (c) CoNSroERATlON FOR LEASE.— Notwithstanding section 321 of the Act of June 30, 1932 (40 U.S.C. 303b), the lease of a ship pursuant to this section may provide, as part of the consideration for the lease, for the maintenance, protection, repair, or restoration of the ship by the Coordination Council for North American Affairs. (d) COSTS OF TRANSFERS. —Any expense of the United States in connection with a lease authorized by this section, including any Habilities of the United States based on its ownership of a vessel arising during the period of the lease, shall be charged to the Coordination Council for North American Affairs. (e) EXPIRATION OF AUTHORITY. — The authority granted by this section to lease a ship described in subsection (a) shall expire at the end of the 2-year period beginning on the date of the enactment of this Act unless the lease is entered into during that period. Approved July 19, 1992. LEGISLATIVE HISTORY—H.R. 5412: CONGRESSIONAL RECORD, Vol. 138 (1992): June 22, considered and passed House. July 2, considered and pfissed Senate.
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