limitation on program activity

limitation on program activity During the fiscal year 1989 and within the resources and authority available, gross obligations for the principal amount of direct loans shall not exceed $695,000,000: Provided, That at the discretion of the Chairman of the Export-Import Bank, up to $110,000,000 of102 STAT. 2268–20 that amount may be available, subject to the regular notification procedures of the Committees on Appropriations of the Senate and House of Representatives, as tied-aid credits in accordance with the provisions of the Export-Import Bank Act Amendments of 1986: Provided further, That there is appropriated to the Export-Import Bank of the United States an amount equal to the grant amount of tied-aid credits which are made available from time to time, but not to exceed $110,000,000, which shall be subject to the limitation on gross obligations for the principal amount of direct loans specified under this heading: Provided further, That during the fiscal year 1989, total commitments to guarantee loans shall not exceed $10,200,000,000 of contingent liability for loan principal: Provided further, That the direct loan and guaranty authority provided under this heading shall remain available until September 30, 1990.