Sec. 7061.
153 words·~1 min read·
/bill/116/hr/21/eh/section-7061A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever the President determines that it is in furtherance of the purposes of the Foreign Assistance Act of 1961 , up to a total of $20,000,000 of the funds appropriated under title III of this Act may be transferred to, and merged with, funds appropriated by this Act for the Overseas Private Investment Corporation Program Account, to be subject to the terms and conditions of that account: That such funds shall not be available for administrative expenses of the Overseas Private Investment Corporation:
Provided, That designated funding levels in this Act shall not be transferred pursuant to this section: Provided further, That the exercise of such authority shall be subject to the regular notification procedures of the Committees on Appropriations. Provided further, Notwithstanding section 235(a)(2) of the Foreign Assistance Act of 1961, the authority of subsections
(a)through
(c)of section 234 of such Act shall remain in effect until September 30, 2019.