pursuant 1 section 14. Such local currencies shall be used jær the purness spected ʼn the Americas Framework Agree TTS ILLAIS — the beneficiary country has It entered into an Americas Framework Agreement, interest stall be an iter States clars and deposited in the Cutter States Government at established for interest payments i de igations for which the new obligations were C INTEREST ALREADY PAID.—f a beneficiary country enters into an Americas Framewors Agreement subsequent to the date on which interest first became que me newly issued obligation, any interest aiready paid on such new cation shall not be redeposted into the Americas Fund stausted for that country. SEC. 797,984 SNTERPRISE FOR THE AMERICAS FUNDS. a. ESTABLISHMENT.-Sach genericiary country that enters into an Amerress Framewors Agreement shall be required to establish an Saierprise or the Americas Find a receive payments in local currency pursuant tu sezon 76262. - curacies deposited in an Americas Fund stail 1 N Zuera sustance for purposes of any provision of aw limiting INSUP & a country C NYSPS-easts made in an Americas Fund shall be investor unei osoused day return on such investment may be reduired by the Ameros Fund, without deposit in the Treasury of ne Chitar Sunes and without further appropriation by the Con 088, VENTS-Funds in an Americas Fund shall be disJUAL AND AUsuant to an Americas Framework Agreement. དང ར ད 1:|:|:ཀྱང ང AMERICAS FRAMEWORK AGREEMENTS. ky — The Secretary of State is authorized, in consultawch aber appropriate Government officials, to enter into an Les pawers Agreement with any eligible country conDe eceration and use of the Americas Fund for that coun egotiation of such Agreements, the Secretary shall cone Enterprise for the Americas Board in accordance with CONENTS OF AGREEMENTS—An Americas Framework Agreemen with an eligible country shall require that country to establish an Americas Fund; require that country to make interest payments under MAYAN CEBED) into an Americas Fund; require that country to make prompt disbursements from the Americas Fund to the administering body described in sub 4 when appropriate, seek to maintain the value of the local currency resources of the Americas Fund in terms of United States dollars: sivity, in accordance with subsection (d), the purposes f which amounts in an Americas Fund may be used; and (6) contain reasonable provisions for the enforcement of the terms of the agreement. (c) ADMINISTERING BODY.— (1) IN GENERAL.-Funds disbursed from the Americas Fund in each beneficiary country shall be administered by a body constituted under the laws of that country. (2) COMPOSITION.-The administering body shall consist of(A) one or more individuals appointed by the United States Government, (B) one or more individuals appointed by the government of the beneficiary country, and (C) individuals who represent a broad range of (i) environmental nongovernmental organizations of the beneficiary country, (ii) child survival and child development nongovernmental organizations of the beneficiary country, (iii) local community development nongovernmental organizations of the beneficiary country, and (iv) scientific or academic organizations or institutions of the beneficiary country. A majority of the members of the administering body shall be individuals described in subparagraph (C). (3) RESPONSIBILITIES.-The administering body (A) shall receive proposals for grant assistance from eligible grant recipients (as determined under subsection (e)) and make grants to eligible grant recipients in accordance with the priorities agreed upon in the Americas Framework Agreement, consistent with subsection (d); (B) shall be responsible for the management of the program and oversight of grant activities funded from resources of the Americas Fund; (C) shall be subject, on an annual basis, to an audit of financial statements conducted in accordance with generally accepted auditing standards by an independent auditor; (D) shall be required to grant to representatives of the United States General Accounting Office such access to books and records associated with operations of the Americas Fund as the Comptroller General of the United States may request; (E) shall present an annual program for review each year by the Enterprise for the Americas Board; and (F) shall submit a report each year on the activities that it undertook during the previous year to the Chair of the Enterprise for the Americas Board and to the government of the beneficiary country. (d) ELIGIBLE ACTIVITIES.-Grants from an Americas Fund shall be used for (1) activities that link the conservation and sustainable use of natural resources with local community development; and (2) child survival and other child development activities. (e) GRANT RECIPIENTS.-Grants made from an Americas Fund shall be made to (1) nongovernmental environmental, conservation, child survival and child development, development, and indigenous peoples organizations of the beneficiary country; (2) other appropriate local or regional entities; and (3) in exceptional circumstances, the government of the beneficiary country. (f) REVIEW OF Larger Grants.-Any grant of more than $100,000 from an Americas Fund shall be subject to veto by the Government of the United States or the government of the beneficiary country. (g) ELIGIBILITY CRITERIA.-In the event that a country ceases to meet the eligibility requirements set forth in section 703(a), as determined by the President pursuant to section 703(b), then grants from the Americas Fund for that country may only be made to nongovernmental organizations until such time as the President determines that such country meets the eligibility requirements set forth in section 703(a). SEC. 709.962 ENTERPRISE FOR THE AMERICAS BOARD. For purposes of this part, the Enterprise for the Americas Board shall (1) advise the Secretary of State on the negotiations of Americas Framework Agreements; (2) ensure, in consultation with (A) the government of the beneficiary country, (B) nongovernmental organizations of the beneficiary country, (C) nongovernmental organizations of the region (if appropriate), (D) environmental, scientific, child survival and child development, and academic leaders of the beneficiary country, and (E) environmental, scientific, child survival and child development, and academic leaders of the region (as appropriate), that a suitable administering body is identified for each Americas Fund; and (3) review the programs, operations, and fiscal audits of each administering body. BEC 710,*** ANNUAL REPORTS TO THE CONGRESS. The annual reports submitted pursuant to section 614 of the Agnoultural Trade Development and Assistance Act of 1954 (7 U.S.Č. 12mm) shall include a description of each Americas Framework Agreement and a description of any grants that have been exenced by administering bodies pursuant to an Americas Framework Agreement. 964 Part V, which related to Indochina Postwar Reconstruction, was repealed by sec. 413 of the International Security Assistance and Arms Export Control Act of 1976 (Public Law 94-329; 90 Stat. 761). For complete text of regulations governing determinations, authorizations, etc., and remaining funds under part V, see page 544. 95 Part VI, which related to assistance to the Middle East and had been added by the FA Act of 1974, was repealed by sec. 12(b)(4) of the International Security Assistance Act of 1978 (Public Law 95-384; 92 Stat. 737). b. The Arms Export Control Act CONTENTS Page Chapter 1-Foreign and National Security Policy Objectives and Restraints.... 311 Section 1-The Need for International Defense Cooperation and Military Export Controls..... 311 Section 2-Coordination With Foreign Policy 313 Section 3-Eligibility 314 Section 4-Purposes for Which Military Sales by the United States Are 319 Section 5-Prohibition Against Discrimination.. 320 Section 6-Foreign Intimidation and Harassment of Individuals in the Section 25-Annual Estimate and Justification for Sales Program. 334 Section 29-Foreign Military Construction Sales Section 26-Security Assistance Surveys.... Section 27-Authority of President to Enter into Cooperative Projects with Friendly Foreign Countries..... Section 28-Reports on Price and Availability Estimates. Chapter 2A-Foreign Military Construction Sales... Chapter 2B-Sales to United States Companies for Incorporation Into End 336 337 340 341 341 341 Section 30-General Authority.. 341 Chapter 2C-Exchange of Training and Related Support.... 342 342 Chapter 3-Military Export Controls.. 343 Section 31-Authorization and Aggregate Ceiling on Foreign Military 343 Section 33-Restraint in Arms Sales to Sub-Saharan Africa 346 346 346 346 Section 42-General Provisions Section 37-Fiscal Provisions Relating to Foreign Military Sales Credits... Section 39-Fees of Military Sales Agents and Other Payments Chapter 4-General, Administrative, and Miscellaneous Provisions.. Section 43-Administrative Expenses Section 44-Statutory Construction. Section 45-Statutes Repealed and Amended. 355 356 362 363 369 369 369 371 372 372 Section 46-Savings Provisions... 373 Section 47-Definitions....... 373 Chapter 5-Special Defense Acquisition Fund 374 Section 51-Special Defense Acquisition Fund.. 374 Section 52-Use and Transfer of Items Procured by the Fund. 376 376 Chapter 6-Leases of Defense Articles and Loan Authority for Cooperative 377 |