Page:United States Statutes at Large Volume 92 Part 1.djvu/995

From Wikisource
Jump to: navigation, search
This page needs to be proofread.
PUBLIC LAW 95-000—MMMM. DD, 1978

PUBLIC LAW 9 5 - 4 2 4 — O C T. 6, 1978 " The President shall determine the interest payable on any loan. I n making loans under this chapter, the President shall consider the economic circumstances of the borrower and other relevant factors, including the capacity of the recipient country to repay the loan a t a reasonable rate of interest, except that loans may not be m a d e "; and (C) by inserting subsection (b) of section 201, as amended by subparagraph s (A) and (B) of this paragraph, immediately after section 1 2 2 (a), as added by subsection (a) of this section. (2)(A) Section 301(a) of such Act is amended by striking o u t "201 (d) " and inserting in lieu thereof "122 (b) ". (B) Section 103(b) of the Agricultural Trade Development and Assistance Act of 1954 is amended by striking out " 2 0 1 " and inserting in lieu thereof "122". (C) Section 106(a) of the Agricultural Trade Development and Assistance Act of 1954 is amended in the second sentence by striking out " 2 0 1 " and inserting in lieu thereof " 1 2 2 (b) ". (c)(1) Section 122 of the Foreign Assistance Act of 1961, as added by subsection (a) of this section and as amended by subsection (b)(1) of this section, is amended by adding at the end thereof the following new subsections: " (c) Dollar receipts paid during any fiscal year from loans made under this part or from loans made under predecessor foreign assistance legislation shall be deposited in the Treasury as miscellaneous receipts. " (d) Not to exceed $10,000,000 of the funds made available each fiscal year for the purposes of this chapter may be used for assistance, on such terms and conditions as the President may determine, to research and educational institutions in the United States for the purpose of strengthening their capacity to develop and carry out program s concerned with the economic and social development of developing countries.". (2) Section 299(a) of such Act is amended by striking " 1 1 0 (b), 211 (a), and 211(d) " and inserting in lieu thereof "110(b) and 1 2 2 (d) ". (d) Part I of such Act is further amended— (1) in section 204—

92 STAT. 9 4 1

22 USC 2221. 7 USC 1703. 7 USC 1706.

-^ '^ "

•' '-

Funds, limitation,

' 22 USC 2220d.

22 USC 2164.

(A) by striking out " SEC. 204. DEVELOPMENT L O A N C O M -

MITTEE.—" and inserting in lieu thereof " (e) "; and (B) by striking out " title " and inserting in lieu thereof " chapter "; and (2) by inserting such section, as so redesignated and amended, at the end of section 122, as added and amended by subsections (a) through (c) of this section. (e) Chapter 1 of part I of such Act, as amended by subsections (a) through (d) of this section, is further amended by adding a t the end thereof the following new section: " SEC. 123. PRIVATE AND VOLUNTARY ORGANIZATIONS AND COOPERATIVES IN OVERSEAS DEVELOPMENT. — (a) The Congress finds that the

participation of r u r a l and urban poor people in their countries' development can be assisted and accelerated i n an effective manner through an increase in activities planned and carried out by private and voluntary organizations and cooperatives. Such organizations and cooperatives, embodying the American spirit of self-help and assistance to others to improve their lives and incomes, constitute an important means of mobilizing private American financial and human

Private and voluntary organizations. 22 USC 2151u.