Pub. L. 90-137, pt. I, ch. 4, sec. 111

Pub. L. 90-137, pt. I, ch. 4, sec. 111

EnactedYear: 1967Length: 232 wordsOfficial source
Sec. 111. Chapter 4 of part I of the Foreign Assistance Act of 1961, as amended, which relates to supporting assistance, is amended as follows: (a) Section 401, which relates to general authority, is amended (1) by striking out all after “political stability” and substituting a period, and (2) by adding at the end thereof a new sentence as follows: “The authority of this chapter shall not be used to furnish assistance to more than twelve countries in any fiscal year.” (b) Section 402, which relates to authorization, is amended (1) by striking out “1967” and substituting “1968”, and (2) by striking out “$715,000,000” and substituting “$660,000,000”. (c) At the end of such chapter 4 add the following new section: “Sec. 403. United States Refund Claims.— It is the sense of the Congress that the President should seek the agreement of the Government of Vietnam to the establishment and maintenance of a separate special account of United States dollars, which account shall be available solely for withdrawals by the United States, at such times and in such amounts as the President may determine, in satisfaction of United States dollar refund claims against the Government of Vietnam arising out of operations conducted under this Act. Such account should be established in an amount not less than $10,000,000 and maintained thereafter at a level sufficient to cover United States refund claims as they arise.”
Pub. L. 90-137, pt. I, ch. 4, sec. 111 | Justis AI