president’s special authority and contingency fund

president’s special authority and contingency fund Sec. 301. The section of the Mutual Security Act of 1954, as amended, redesignated by paragraph (12) (B) of section 501 of this Act as section 451 of chapter Ill of the Mutual Security Act of 1954, as amended, which relates to the President’s special authority, is amended as follows: (a) Insert “and contingency fund” after “authority” in the heading of this section. (b) Subsection (a) is amended as follows: (1) In the first sentence, insert “for use” after “made available”; strike out “such use by section 400 (a) of this Act” and substitute “use under this subsection by subsection (b) of this section”; strike out “pursuant to authorizations contained in” and substitute “for use under”; and (2) In the second and last sentence strike out “section” both times it appears and substitute “subsection”. (c) Redesignate subsection (b) as subsection (c), and insert the following new subsection (b): “(b) There is hereby authorized to be appropriated to the President for the fiscal year 1959 not to exceed $155,000,000 for assistance authorized by this Act, other than by title II of chapter II, in accordance with the provisions of this Act applicable to the furnishing of such assistance. $100,000,000 of the funds authorized to be appropriated pursuant to this subsection for any fiscal year may be used in such year in accordance with the provisions of subsection (a) of this section.” (d) In the last sentence of subsection (c), insert “subsection (a) of” after “under”.