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22 U.S.C. § 2455Appropriations

submitted 65 years ago by Pub. L. 87-256 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 696 words · no verdicts yet

in plain englishAI-generated · not legal advice

Appropriations for this chapter may remain available until spent. The President may acquire and transfer foreign currencies and reserve certain funds, and foreign governments and private groups are encouraged to contribute.

(a) Availability. Money appropriated for this chapter may remain available until it is spent. (b) Foreign currencies. Chapter program appropriations may, despite Revised Statutes § 3651 (31 U.S.C. § 543), buy foreign currency from any source in amounts needed for current expenses and grants, including grants to foundations and commissions under international agreements carrying out this chapter. (c) Transfers. Money appropriated to a department or agency for chapter-related research, technical aid, or educational and cultural programs may be transferred by the President to another appropriation available for similar purposes. A transfer may not increase or decrease an appropriation authorized by this chapter by more than 10 percent. (d) Reserve and use of funds. (1) The President may reserve amounts and for periods determined necessary for programs under § 2452(a)(1) and (a)(2)(i). (2) Subject to appropriation Acts and foreign agreements, the President may use currencies received or expected by the United States or an agency for any chapter program, including currencies from (i) post-World War II surplus-property, lend-lease, and war-account agreements; (ii) Food for Peace sales or loan repayments and interest; (iii) repayment of other United States credits or loans and interest; or (iv) deposits to the United States account under the cited provisions or similar laws. (e) Finland. The Director may reserve and use, for exchange programs and other § 2452(a) and (b) activities involving Finland and its people, all sums owed or paid since August 24, 1949, by Finland to the United States as interest or principal repayment on the debt incurred under the cited 1919 Act and 1923 agreement, or other World War I debt owed to the United States. (f) Contributions. Foreign governments, international organizations, private people, firms, associations, agencies, and other groups should be encouraged as much as feasible to participate and contribute money, property, and services that the President may accept for this chapter. Chapter funds may help pay activities carried out through private channels, private means, foreign governments, and international organizations. (g) Currency exchanges. Congress authorizes no more than $10,000,000 for exchanges under § 2452(b)(10) for the fiscal year ending June 30, 1968, and no more than $15,000,000 for the fiscal year ending June 30, 1969.
the actual law source: uscode.house.gov ↗public domain
(a) Availability

Amounts appropriated to carry out the purposes of this chapter are authorized to be made available until expended.

(b) Acquisition of foreign currencies

Funds appropriated for programs under this chapter may, without regard to section 3651 1 of the Revised Statutes (31 U.S.C. 543), be used for the acquisition from any source of foreign currencies in such amounts as may be necessary for current expenditures and for grants, including grants to foundations and commissions in accordance with international agreements providing for the accomplishment of the purposes of this chapter.

(c) Transfer of funds

Moneys appropriated to any department or agency of the Government in furtherance of the purposes of this chapter for research, technical aid, and educational and cultural programs, may be transferred by the President to any other appropriation available for like purposes, but no appropriation authorized by this chapter shall be increased or decreased by more than 10 per centum by reason of transfers pursuant to this subsection.

(d) Reserve and use of certain funds

The President is authorized—

(1)

to reserve in such amounts and for such periods as he shall determine to be necessary to provide for the programs authorized by subsections (a)(1), (2)(i) of section 2452 of this title, and

(2)

notwithstanding the provisions of any other law, to use in such amounts as may from time to time be specified in appropriation Acts, to the extent that such use is not restricted by agreement with the foreign nations concerned, for any programs authorized by this chapter,

any currencies of foreign nations received or to be received by the United States or any agency thereof—

(i)

under agreements disposing of surplus property or settling lend-lease and other war accounts concluded after World War II;

(ii)

as the proceeds of sales or loan repayments, including interest, for transactions heretofore or hereafter effected under the Food for Peace Act, as amended [7 U.S.C. 1691 et seq.];

(iii)

in repayment of principal or interest on any other credit extended or loan heretofore or hereafter made by the United States or any agency thereof; or

(iv)

as deposits to the account of the United States pursuant to section 1513(b)(6)1 or section 1513(h)1 of this title, or any similar provision of any other law.

(e) Reservation and use of sums due or paid by the Republic of Finland

The Director of the United States Information Agency is further authorized to reserve and use for educational and cultural exchange programs and other activities authorized in subsections (a) and (b) of section 2452 of this title, in relation to Finland and the people of Finland, all sums due or paid on and after August 24, 1949, by the Republic of Finland to the United States as interest on or in retirement of the principal of the debt incurred under the Act of February 25, 1919, as refunded by the agreement dated May 1, 1923, pursuant to the authority contained in the Act of February 9, 1922, or of any other indebtedness incurred by that Republic and owing to the United States as a result of World War I.

(f) Contribution of funds, property, and services by foreign governments, international organizations, and private individuals, firms, associations, and agencies

Foreign governments, international organizations and private individuals, firms, associations, agencies, and other groups shall be encouraged to participate to the maximum extent feasible in carrying out this chapter and to make contributions of funds, property, and services which the President is authorized to accept, to be utilized to carry out the purposes of this chapter. Funds made available for the purposes of this chapter may be used to contribute toward meeting the expenses of activities carried out through normal private channels, by private means, and through foreign governments and international organizations.

(g) Currency exchanges

Notwithstanding any other provision of this chapter, there are authorized to be appropriated for the purposes of making currency exchanges under section 2452(b)(10) of this title, not to exceed $10,000,000 for the fiscal year ending June 30, 1968, and not to exceed $15,000,000 for the fiscal year ending June 30, 1969.

Source credit: (Pub. L. 87–256, § 105, Sept. 21, 1961, 75 Stat. 531; Pub. L. 89–698, title II, § 203(c), Oct. 29, 1966, 80 Stat. 1072; 1977 Reorg. Plan No. 2, § 7(a)(2), 42 F.R. 62461, 91 Stat. 1637; Pub. L. 97–241, title III, § 303(b), Aug. 24, 1982, 96 Stat. 291; Pub. L. 103–236, title II, § 227, Apr. 30, 1994, 108 Stat. 423; Pub. L. 110–246, title III, § 3001(b)(1)(A), (2)(S), June 18, 2008, 122 Stat. 1820, 1821.)

history & why it existsrecord from the source credit
  • 1961Enacted · Pub. L. 87-256 · 75 Stat. 531
  • 1966Amended · Pub. L. 89-698 · 80 Stat. 1072
  • 1982Amended · Pub. L. 97-241 · 96 Stat. 291
  • 1994Amended · Pub. L. 103-236 · 108 Stat. 423
  • 2008Amended · Pub. L. 110-246 · 122 Stat. 1820, 1821

A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-256 on 1961-09-21.

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