development and use of cooperatives

development and use of cooperatives Sec. 308. Section 111 of the Foreign Assistance Act of 1961 is amended to read as follows: “Sec. 111. Development and Use of Cooperatives.—In order to strengthen the participation of the rural and urban poor in their country’s development, high priority shall be given to increasing the use of funds made available under this Act for assistance in the development of cooperatives in the less developed countries which will 89 STAT. 860enable and encourage greater numbers of the poor to help themselves toward a better life. Not less than $20,000,000 of such funds shall be used during the fiscal years 1976 and 1977, including the period from July 1, 1976, through September 30, 1976, only for technical assistance to carry out the purposes of this section.”.