Authorization and Aggregate Ceiling on Foreign Military Sales Credits.—

Sec. 31. Authorization and Aggregate Ceiling on Foreign Military Sales Credits.— (a) There is hereby authorized to be appropriated to the President to carry out this Act not to exceed $296,000,000 for the fiscal year 1969. Unobligated balances of funds made available82 Stat. 1325 pursuant to this section are hereby authorized to be continued available by appropriations legislation to carry out this Act. (b) The aggregate total of credits, or participations in credits, extended pursuant to this Act (excluding credits covered by guaranties issued pursuant to section 24(b)) and of the face amount of guaranties issued pursuant to sections 24 (a) and (b) during the fiscal year 1969 shall not exceed $296,000,000.