Pub. L. 86-108, ch. II, sec. 202

utilization of counterpart funds

EnactedYear: 1959Length: 100 wordsOfficial source
utilization of counterpart funds Sec. 202. Clause (iii) of section 142(b) of the Mutual Security Act of 1954, as amended, which relates to utilization of funds in Special Accounts, is amended by inserting immediately before the period at the end thereof the following: “: Provided further, That whenever funds from such Special Account are used by a country to make loans, all funds received in repayment of such loans prior to termination of assistance to such country shall be reused only for such purposes as shall have been agreed to between the country and the Government of the United States”.
Pub. L. 86-108, ch. II, sec. 202: utilization of counterpart funds | Justis AI