Page:United States Statutes at Large Volume 75.djvu/663

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[75 Stat. 623]
[75 Stat. 623]
PUBLIC LAW 87-000—MMMM. DD, 1961



PUBLIC LAW 87-293-SEPT. 22, 1961


(b) Any person who was appointed by and with the advice and consent of the Senate to be Director of the Peace Corps prior to the enactment of this Act may be appointed by the President to be Director of the Peace Corps under section 4(a) of this Act without further action by the Senate. U S E O F FOREIGN C U R R E N C I E S

SEC. 17, Whenever possible, expenditures incurred in carrying out functions under this Act shall be paid for in such currency of the country or area where the expense is incurred as may be available to the United States. ii A P P L I C A B I L I T Y OF M U T U A L D E F E N S E ASSISTANCE CONTROL ACT

SEC. 18. The Mutual Defense Assistance Control Act of 1951 (22 U.S.C. 1611 et seq.) shall apply with respect to functions carried out under this Act except in cases where the President shall determine that such application would be detrimental to the interests of the United States.

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SEC. 19. The President may adopt, alter, and use an official seal or emblem of the Peace Corps of such design as he shall determine, which shall be judicially noticed. MORATORIUM O N S T U D E N T LOANS

SEC. 20. Section 205 of the National Defense Education Act of 1958 (20 U.S.C. 425) is amended by deleting the word "or" immediately preceding clause (ii) of section 205(b)(2)(A) and by adding immediately after that clause the following: "or (iii) not in excess of three years during which the borrower is in service as a volunteer under the Peace Corps Act: Provided, That this clause shall apply to; any loan outstanding on the effective date of the Peace Corps Act only with the consent of the then obligee institution,".

72 Stat. 1584.


SEC. 21. Subsection (j) of section 3 of the Civil Service Retirement Act, as amended (5 U.S.C. 2253), is amended to read as follows: "(j) Notwithstanding any other provision of this section or section 5 (f) of the Peace Corps Act, any military service (other than military service covered by military leave with pay from a civilian position) performed by an individual after December 1956 and any period of service by an individual as a volunteer under the Peace Corps Act, shall be excluded in determining the aggregate period of service upon which an annuity payable under this chapter to such individual or to his widow or child is to be based, if such individual or widow or child is entitled (or would upon proper application be entitled) at the time of such determination, to monthly old-age or survivors benefits under section 202 of the Social Security Act, as amended (42 U.S.C. 402), based on such individual's wages and self-employment income. If in the case of the individual or widow such military service or service under the Peace Corps Act is not excluded under the preceding sentence, but upon attaining age sixty-two, he or she becomes entitled (or would upon proper application be entitled) to such benefits, the Commission shall redetermine the aggregate period of service upon which such annuity is based, effective as of the first day of the month in which he or she attains such age, so as to exclude such service. The Secretary

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