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TERMINATION PURSUANT TO CONCURRENT RESOLUTION OF CONGRESS

SEC. 1006. The authority granted under this Act shall terminate whenever such termination is directed by concurrent resolution of the two Houses of the Congress.

VETERANS' PREFERENCE ACT SEC. 1007.93 No provision of this Act shall be construed to modify or to repeal the provisions of the Veterans' Preference Act of 1944.

REPORTS TO CONGRESS SEC. 1008.94 * * * [Repealed-1980)

REGULATORY PROVISIONS TO APPLY TO ALL INTERNATIONAL INFORMA

TION ACTIVITIES AND EDUCATIONAL EXCHANGES OF STATE DEPARTMENT

SEC. 1009.95 All provisions in this Act regulating the administration of international information activities and educational exchanges provided herein, shall apply to all such international activities under jurisdiction of the Department of State.

SEPARABILITY OF PROVISIONS SEC. 1010. If any provision of this Act or the application of any such provision to any person or circumstance shall be held invalid, the validity of the remainder of the Act and the applicability of such provision to other persons or circumstances shall not be affected thereby.

INFORMATIONAL MEDIA GUARANTIES SEC. 1011.96 (a) 97 The Director of the United States Information Agency may make guaranties, in accordance with the provisions of subsection (b) of section 413 of the Mutual Security Act of 1954,98 of investments in enterprises producing or distributing informational media consistent with the national interests of the United States: Provided, That the purpose of making informational media guaranties shall be the achievement of the foreign policy objectives of the United States, including the objective mentioned in sections 413(b)(4)(A) and 413(b)(4)(G) of the Mutual Security Act of 1954,98 as amended.

** 22 U.S.C. 1438.

Sec. 1008, which had required an annual report from the Secretary to Congress on expenditures and activities carried out under this Act, was repealed by sec. 117 of Public Law 96-470 (94 Stat. 2240).

28 22 U.S.C. 1440. This section has been repealed insofar as it related to educational exchange activities, by sec. 111(aX2) of Public Law 87-256 (75 Stat. 538).

s 22 U.S.C. 1442.

87 This subsection was added by sec. 544 of the Mutual Security Act of 1954 (68 Stat. 862). The proviso was added by sec. 701(c) of the Mutual Security Act of 1959 (73 Stat. 257). !

* Sec. 413 of the Mutual Security Act of 1954, which related to the encouragement of free enterprise and private participation, was repealed by sec. 642(aX2) of the Foreign Assistance Act of 1961 (75 Stat. 460). See sec. 601 of such Act for similar language.

(b) 99 The Director is authorized to assume the obligation of not to exceed $28,000,000 of the notes authorized to be issued pursuant to subsection 111(c)(2) of the Economic Cooperation Act of 1948, as amended (22 U.S.C. 1509(c)2)), together with the interest accrued and unpaid thereon, and to obtain advances from time to time from the Secretary of the Treasury up to such amount, less amounts previously advanced on such notes, as provided for in said notes. Such advances shall be deposited in a special account in the Treasury available for payments under informational media guaranties.

(c) 99 The Director is authorized to make informational media guaranties without regard to the limitations of time contained in subsection 413(b)(4) of the Mutual Security Act of 1954, as amended (22 U.S.C. 1933(b)(4)), but the total of such guaranties outstanding at any one time shall not exceed the sum of the face amount of the notes assumed by the Director less the amounts previously advanced on such notes by the Secretary of the Treasury plus the amount of the funds in the special account referred to in subsection (b).

(d) 99 Foreign currencies available after June 30, 1955, from conversions made pursuant to the obligation of informational media guaranties may be sold, in accordance with Treasury Department regulations, for dollars which shall be deposited in the special account and shall be available for payments under new guaranties. Such currencies shall be available, as may be provided for by the Congress in appropriation Acts, for use of educational, scientific, and cultural purposes which are in the national interest of the United States, and for such other purposes of mutual interest as may be agreed to by the governments of the United States and the country from which the currencies derive.

(e) 99 Notwithstanding the provisions of subparagraph 413(b)(4)(E) of the Mutual Security Act of 1954, as amended (22 U.S.C. 1933(b)(4)(E), (1) fees collected for the issuance of informational media guaranties shall be deposited in the special account and shall be available for payments under informational media guaranties; and (2) the Director may require the payment of a minimum charge of up to fifty dollars for issuance of guaranty contracts, or amendments thereto.

(f) 99 The Director is further authorized, under such terms as he may prescribe, to make advance payments under informational media guaranties: Provided, That currencies receivable from holders of such guaranties on account of such advance payments shall be paid to the United States within nine months from the date of the advance payment and that appropriate security to assure such payments is required before any advance payment is made.

(g) 99 As soon as feasible after the enactment of this subsection, all assets, liabilities, income, expenses, and charges of whatever kind pertaining to informational media guaranties, including any charges against the authority to issue notes provided in section 111(c)(2) of the Economic Cooperation Act of 1948, as amended, cumulative from the enactment of that Act, shall be accounted for separately from other guaranties issued pursuant to subsection

Do Subsecs. (b) through (g) were added by sec. 11(g) of the Mutual Security Act of 1956 (70 Stat. 563).

3(b) of the Mutual Security Act of 1954, as amended (22 U.S.C. 33(b)); Provided, That there shall be transferred from the special "count established pursuant to subsection (b), into the account ailable for payments under guaranties other than informational edia guaranties, an amount equal to the total of the fees received ir the issuance of guaranties other than informational media guarnties, and used to make payments under informational media uaranties.

(h) 100 (1) There is authorized to be appropriated annually an - mount to restore in whole or in part any realized impairment to ne capital used in carrying on the authority to make informational

edia guaranties, as provided in subsection (c), through the end of he last completed fiscal year.

(2) Such impairment shall consist of the amount by which the osses incurred and interest accrued on notes exceed the revenue sarned and any previous appropriations made for the restoration of impairment. Losses shall include the dollar losses on foreign currencies sold, and the dollar cost of foreign currencies which (a) the Secretary of the Treasury, after consultation with the Director, has determined to be unavailable for, in excess of, requirements of the United States, or (b) have been transferred to other accounts without reimbursement to the special account.

(3) Dollars appropriated pursuant to this section shall be applied to the payment of interest and in satisfaction of notes issued or assumed hereunder, and to the extent of such application to the principal of the notes, the Director is authorized to issue notes to the Secretary of the Treasury which will bear interest at a rate to be determined by the Secretary of the Treasury, taking into consideration the current average market yields of outstanding marketable obligations of the United States having maturities comparable to the guaranties. The currencies determined to be unavailable for, or in excess of requirements of the United States as provided above shall be transferred to the Secretary of the Treasury to be held until disposed of, and any dollar proceeds realized from such disposition shall be deposited in miscellaneous receipts.

(4) 101 Section 701(a) of this Act shall not apply with respect to any amounts appropriated under this section for the purpose of liquidating the notes (and any accrued interest thereon) which were assumed in the operation of the informational media guaranty program under this section and which were outstanding on the date of enactment of this paragraph.

100 Subsec. (h) was added by sec. 502(i) of the Mutual Security Act of 1958 (72 Stat. 274). 101 Paragraph (4) was added by scc. 3040 or Public Law 97–241 (96 Slat. 293).

b. United States Information Agency Authorization, Fiscal

Years 1994 and 1995

Partial text of Public Law 103–236 (Foreign Relations Authorization Act,

Fiscal Years 1994 and 1995; H.R. 2333), 108 Stat. 382 at 420, approved April 30, 1994

NOTE.-Sections of this title amend State Department, USIA, and other foreign affairs legislation and are incorporated in the appropriate Acts.

TITLE II-UNITED STATES INFORMATIONAL,

EDUCATIONAL, AND CULTURAL PROGRAMS

PART A-AUTHORIZATION OF APPROPRIATIONS SEC. 201. AUTHORIZATION OF APPROPRIATIONS.

(a) IN GENERAL.—The following amounts are authorized to be appropriated to carry out international information activities, and educational and cultural exchange programs under the United States Information and Educational Exchange Act of 1948, the Mutual Educational and Cultural Exchange Act of 1961, Reorganization Plan Number 2 of 1977, the Radio Broadcasting to Cuba Act, the Television Broadcasting to Cuba Act, the Board for International Broadcasting Act, the Inspector General Act of 1978, the Center for Cultural and Technical Interchange Between North and South Act, the National Endowment for Democracy Act, and to carry out other authorities in law consistent with such purposes:

(1) SALARIES AND EXPENSES.–For “Salaries and Expenses”, $487,988,000 for the fiscal year 1994 and $494,862,000 for the fiscal year 1995.

(2)2 EDUCATIONAL AND CULTURAL EXCHANGE PROGRAMS.

1 The Department of State and Related Agencies Appropriations Act, 1994 (title V of Public Law 103–121; 108 Stat. 1190), provided $730,000,000 for salaries and expenses.

Title II, chapter 2 of the Emergency Supplemental Appropriations Act of 1994 (Public Law 103–211; 108 Stat. 16) required that $2,000,000 of the funds made available under this heading in Public Law 103-121 to be used to carry out projects involving security construction and related improvements for Agency facilities not physically located together with Department of State facilities abroad. Title III, chapter 2 of the same Act (108 Stat. 27), rescinded $2,000,000 from salaries and expenses.

For fiscal year 1995, the Department of State and Related Agencies Appropriations Act, 1995 (title V of Public Law 103_317; 108 Stat. 1769), provided $476,362,000.

The Department of State and Related Agencies Appropriations Act, 1994 (Title V of Public Law 103-121; 108 Stat. 1191), provided $242,000,000 for educational and cultural exchange pro grams.

Title III, chapter 2, of Public Law 103–211 (108 Stat 28), rescinding certain budget authority, however, rescinded $850,000.

For fiscal year 1995, the Department of State and Related Agencies Appropriations Act, 1995 (title V of Public Law 103-317; 108 Slat. 1770), provided $238,279,000, of which $500,000 to be made available for the Mike Mansfield Fellowship Program.

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