Pub. L. 83-765, tit. IV, sec. 407

Sec. 407. The Secretary of Defense is authorized, subject to the approval of the Director of the Bureau of the Budget, to construct, or acquire by lease or otherwise, family housing, in addition to family housing otherwise authorized to be constructed or acquired by the Department of Defense in foreign countries, to the value of $25,000,000 through the use of foreign currencies in accordance with the provisions of the Agricultural Trade Development and Assistance Act of 1954 (Public Law 480, Eighty-third Congress). The Department of Defense shall reimburse the Commodity Credit Corporation in a dollar amount equivalent to the value of the foreign currencies used during any fiscal year pursuant to the authority contained in this section. For the purpose of such reimbursement, the 68 Stat. 1126Department of Defense may utilize appropriations otherwise available for the payment of quarters allowances for military personnel. The Secretary of Defense shall furnish to the Committees on Armed Services of the Senate and the House of Representatives a quarterly report, the first of which shall be submitted three months subsequent to the date of enactment of this Act, setting forth the cost, number, and location of housing units constructed or acquired pursuant to the authority contained in this section during the three-month period preceding the date of such report, and setting forth the cost, number, and location of the housing units intended to be constructed or acquired pursuant to such authority during the next succeeding quarter.