Page:United States Statutes at Large Volume 83.djvu/846

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[83 STAT. 818]
[83 STAT. 818]
PUBLIC LAW 91-000—MMMM. DD, 1969


PUBLIC LAW 91-175-DEC. 30, 1969

Use of foreign currencies.

Report to Congress.

Expiration of authority.

[83 STAT.

or individuals to carry out agricultural credit and self-help community development projects for which they are unable to obtain financial assistance on reasonable terms. In no event shall the liability of the United States exceed 75 per centum of any one loan. "(c) The total face amount of guaranties issued under this section outstanding at any one time shall not exceed $15,000,000. Not more than 10 per centum of such sum shall be provided for any one institution, cooperative, or organization. " (d) The Inter-American Social Development Institute shall be consulted in developing criteria for making loans eligible for guaranty coverage under this section. "(e) The guaranty reserve established under section 235(c) shall be available to make such payments as may be necessary to discharge liabilities under guaranties issued under this section. " (f) Notwithstanding the limitation contained in subsection (c) of this section, foreign currencies owned by the United States and determined by the Secretary of the Treasury to be excess to the needs of the United States may be utilized to carry out the purposes of this section, including the discharge of liabilities incurred under this subsection. The authority conferred by this subsection shall be in addition to authority conferred by any other provision of law to implement guaranty programs utilizing excess local currency. " (g) The Corporation shall, on or before January 15, 1972, make a detailed report to the Congress on the results of the pilot programs established under this section, together with such recommendations as it may deem appropriate. " (h) The authority of this section shall continue until June 30, 1972. "SEC. 240A. REPORTS TO THE CONGRESS.— (a) After the end of each fiscal year, the Corporation shall submit to the Congress a complete and detailed report of its operations during such fiscal year. "(b) Not later than March 1, 1974, the Corporation shall submit to the Congress an analysis of the possibilities of transferring all or part of its activities to private United States citizens, corporations, or other associations." ALLIANCE FOR PROGRESS

76 Stat. 258; 82 Stat. 961. 22 USC 2212.

81 Stat. 22 USC 76 Stat. 22 USC 75 Stat. 22 USC 2352.

445. 2151. 257. 2211. 438. 2351,

SEC. 106. Section 252(a) of such Act, relating to authorization, is amended to read as follows: "SEC. 252. AUTHORIZATION.— (a) There is authorized to be appropriated to the President for the purposes of this title, in addition to other funds available for such purposes, for the fiscal year 1970, $428,250,000, and for the fiscal year 1971, $428,250,000, which amounts are authorized to remain available until expended, and which amounts, except for not to exceed $90,750,000 for each such fiscal year, shall be available only for loans payable as to principal and interest in United States dollars. In order to effectuate the purposes and provisions of sections 102, 251, 601, and 602 of this Act, not less than 50 per centum of the loan funds appropriated pursuant to this section for any fiscal year shall be available for loans made to encourage economic development through private enterprise." PROGRAMS RELATING TO POPULATION GROWTH

81 Stat. 453; 8 2 Stat. 96 2. 22 USC 2219a.

SEC. 107. Section 292, relating to authorization, is amended by striking out "fiscal year 1969, $50,000,000" and inserting in lieu thereof "fiscal year 1970, $75,000,000, and for the fiscal year 1971, $100,000,000,".