22 U.S.C. § 2769 — Foreign military construction sales
submitted 46 years ago by Pub. L. 90-629 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 189 words · no verdicts yet
The President may sell design and construction services to an eligible foreign country or international organization if it pays at least the United States Government’s full cost in advance. The buyer must also guarantee contract payments and costs.
The President may sell design and construction services to an eligible foreign country or international organization if it agrees to pay in United States dollars at least the Government’s full cost, in advance of performance by Government officers or employees. The President may make procurement contracts for those services without charging an otherwise provided appropriation or contract authorization if the buyer dependably promises to pay the full contract and protect the Government from loss, and to provide funds when required for payments, damages, and cancellation costs before they are due.
The President may sell design and construction services to any eligible foreign country or international organization if such country or international organization agrees to pay in United States dollars not less than the full cost to the United States Government of furnishing such services. Payment shall be made to the United States Government in advance of the performance of such services by officers or employees of the United States Government. The President may, without requirement for charge to any appropriation or contract authorization otherwise provided, enter into contracts for the procurement of design and construction services for sale under this section if such country or international organization provides the United States Government with a dependable undertaking (1) to pay the full amount of such contract which will assure the United States Government against any loss on the contract, and (2) to make funds available in such amounts and at such time as may be required to meet the payments required by the contract and any damages and costs that may accrue from the cancellation of such contract, in advance of the time such payments, damages, or costs are due.
Source credit: (Pub. L. 90–629, ch. 2A, § 29, as added Pub. L. 96–533, title I, § 105(a), Dec. 16, 1980, 94 Stat. 3133.)
- 1980Enacted · Pub. L. 90-629 · 94 Stat. 3133
A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-629 on 1980-12-16.
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