[Appendix]
[Detailed Budget Estimates by Agency]
[Funds Appropriated to the President]
[From the U.S. Government Publishing Office, www.gpo.gov]


[[Page 71]]



 
                   FUNDS APPROPRIATED TO THE PRESIDENT

                           UNANTICIPATED NEEDS

                              Federal Funds

General and special funds:

                           Unanticipated Needs

    For expenses necessary to enable the President to meet unanticipated 
needs, in furtherance of the national interest, security, or defense 
which may arise at home or abroad during the current fiscal year; 
$1,000,000. (Executive Office Appropriations Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0037-0-1-802      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Reserved for future allocation....           1           1           1
                                           ---------   ---------  ----------

10.00   Total obligations (object class 
          92.0).........................           1           1           1
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           1           1           1
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................           1           1           1
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................           1           1           1
73.20 Total outlays (gross).............          -1          -1          -1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority           1           1           1
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........           1           1           1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           1           1           1
90.00 Outlays...........................                       1           1
---------------------------------------------------------------------------

    These funds enable the President to meet unanticipated needs in 
furtherance of the national interest, security, or defense.


                                

                Unanticipated Needs for Natural Disasters

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0033-0-1-453      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................          14           4           4
22.00 New budget authority (gross)......         -12
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......           2           4           4
23.95 New obligations...................
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....           4           4           4
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Current:

41.00   Transferred to other accounts...         -27
42.00   Transferred from other accounts.           4
                                           ---------   ---------  ----------

43.00     Appropriation (total).........         -24
      Permanent:

60.05   Appropriation (indefinite)......          11
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................         -12
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total outlays (gross).............
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         -12
90.00 Outlays...........................
---------------------------------------------------------------------------

    This account was established by P.L. 103-211, the Emergency 
Supplemental Appropriations Act of 1994. The supplemental was enacted in 
response to the January 17, 1994, Northridge earthquake. The account 
provides the Administration flexibility to fund disaster response 
requirements which were not yet identified at the time the supplemental 
was enacted. Funds are available for any natural disaster, although most 
have been used to respond to the Northridge earthquake.


    A total of $545 million was released in 1994 and 1995. In 1995, $6.7 
million was released to FEMA to support research and development efforts 
to develop better methods to repair earthquake-damaged buildings. In 
addition, $5 million was released to Interior to support the January 
1994 California earthquake historic preservation assistance.


                                

                      FEDERAL DRUG CONTROL PROGRAMS

                              Federal Funds

General and special funds:

              High Intensity Drug Trafficking Areas Program

                      (including transfer of funds)

                    For necessary expenses of the Office of National 
            Drug Control Policy's High Intensity Drug Trafficking Areas 
            Program, $103,000,000 for drug control activities consistent 
            with the approved strategy for each of the designated High 
            Intensity Drug Trafficking Areas, of which no less than 
            [$55,000,000] $52,000,000 shall be transferred to State and 
            local entities for drug control activities; and of which up 
            to [$48,000,000] $51,000,000 may be transferred to Federal 
            agencies and departments at a rate to be determined by the 
            Director: Provided, That the funds made available under this 
            head shall be obligated within 90 days of the date of 
            enactment of this Act. (Executive Office Appropriations Act, 
            1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1070-0-1-802      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Federal Activities................                      48          48
00.02 Grants to State and local law 
        enforcement agencies............          56          55          55
                                           ---------   ---------  ----------

10.00   Total obligations...............          56         103         103
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          56         103         103
23.95 New obligations...................         -56        -103        -103
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................         107         103         103
41.00 Transferred to other accounts.....         -51
                                           ---------   ---------  ----------

43.00   Appropriation (total)...........          56         103         103
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................          56         103         103
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          34          59          76
73.10 New obligations...................          56         103         103
73.20 Total outlays (gross).............         -31         -86        -103
                                                                 
[[Page 72]]

74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          59          76          76
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          29          65          65
86.93 Outlays from current balances.....           2          21          38
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          31          86         103
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          56         103         103
90.00 Outlays...........................          31          86         103
---------------------------------------------------------------------------

    The High Intensity Drug Trafficking Areas (HIDTA) Program was 
established by the Anti-Drug Abuse Act of 1988 to provide assistance to 
Federal and State and local law enforcement entities operating in those 
areas most adversely affected by drug trafficking. Since January 1990, 
the Director of the Office of National Drug Control Policy has 
designated seven areas as HIDTAs: New York, Los Angeles, Miami, Houston, 
Baltimore/Washington, DC metropolitan area, Puerto Rico/Virgin Islands, 
and the Southwest Border.


    Funds made available under the HIDTA program are disbursed at the 
discretion of the Director of the Office of National Drug Control Policy 
for joint local, State, and Federal initiatives.


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1070-0-1-802      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
25.2  Other services....................          56          48          48
41.0  Grants, subsidies, and 
        contributions...................                      55          55
                                           ---------   ---------  ----------

99.9    Total obligations...............          56         103         103
---------------------------------------------------------------------------

                                

                         Special Forfeiture Fund

                      (including transfer of funds)

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-5001-0-2-802      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Balance, start of year:
01.99 Balance, start of year............                                  22
    Receipts:
02.02 Forfeited cash and proceeds from 
        sale of forfeited property......           4          22
                                           ---------   ---------  ----------

04.00 Total: Balances and collections...           4          22          22
    Appropriation:
05.01 Special forfeiture fund...........          -4
07.99 Total balance, end of year........                      22          22
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-5001-0-2-802      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          25
40.25 Appropriation (special fund, 
        indefinite).....................           4
41.00 Transferred to other accounts.....         -29
                                           ---------   ---------  ----------

43.00   Appropriation (total)...........
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total outlays (gross).............
----------------------------------------------------------------------------

    Net budget authority and outlays:
90.00 Outlays...........................
---------------------------------------------------------------------------

    The Anti-Drug Abuse Act of 1988 established the Special Forfeiture 
Fund, to be administered by the Director of the Office of National Drug 
Control Policy. The Special Forfeiture Fund supports high-priority drug 
control programs, as defined by the Director of the Office of National 
Drug Control Policy. This Fund, which began operation in 1990, receives 
deposits from the Department of Justice Assets Forfeiture Fund and the 
Department of the Treasury Assets Forfeiture Fund. The monies in the 
Fund are transferred to the drug control agencies in accordance with the 
priorities articulated in the National Drug Control Strategy. 
Obligations directly incurred by ONDCP will be reflected in account 
11X1457.


                                

                    INTERNATIONAL SECURITY ASSISTANCE

                              Federal Funds

General and special funds:

        Economic Support Fund and International Fund for Ireland

    For necessary expenses to carry out the provisions of chapter 4 of 
part II, [$2,340,000,000] $2,408,000,000, to remain available until 
[September 30, 1997] expended [: Provided, That of the funds 
appropriated under this heading, not less than $1,200,000,000 shall be 
available only for Israel, which sum shall be available on a grant basis 
as a cash transfer and shall be disbursed within thirty days of 
enactment of this Act or by October 31, 1995, whichever is later: 
Provided further, That not less than $815,000,000 shall be available 
only for Egypt, which sum shall be provided on a grant basis, and of 
which sum cash transfer assistance may be provided, with the 
understanding that Egypt will undertake significant economic reforms 
which are additional to those which were undertaken in previous fiscal 
years, and of which not less than $200,000,000 shall be provided as 
Commodity Import Program assistance: Provided further, That the Egyptian 
pound equivalent of $85,000,000 generated from funds made available by 
this paragraph or generated from funds appropriated under this heading 
in prior appropriations Acts, may be made available to the United States 
pursuant to the United States-Egypt Economic, Technical and Related 
Assistance Agreements of 1978, for the following activities under such 
Agreements: the Egyptian pound equivalent of $50,000,000 may be made 
available to replenish the existing endowment for the American 
University in Cairo, and the Egyptian pound equivalent of $35,000,000 
may be made available for projects and programs, including establishment 
of an endowment, which promote the preservation and restoration of 
Egyptian antiquities: Provided further, That in exercising the authority 
to provide cash transfer assistance for Israel and Egypt, the President 
shall ensure that the level of such assistance does not cause an adverse 
impact on the total level of non-military exports from the United States 
to each such country: Provided further, That it is the sense of the 
Congress that the recommended levels of assistance for Egypt and Israel 
are based in great measure upon their continued participation in the 
Camp David Accords and upon the Egyptian-Israeli peace treaty: Provided 
further, That none of the funds appropriated under this heading shall be 
made available for Zaire]. (Foreign Operations, Export Financing, and 
Related Programs Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1037-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations.................       2,729       2,578       2,408
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................         502         218
22.00 New budget authority (gross)......       2,334       2,360       2,408
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................         111
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......       2,947       2,578       2,408
23.95 New obligations...................      -2,729      -2,578      -2,408
                                                                 
[[Page 73]]

24.40 Unobligated balance available, end 
        of year: Uninvested balance.....         218
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................       2,344       2,360       2,408
41.00 Transferred to other accounts.....         -14
42.00 Transferred from other accounts...           3
                                           ---------   ---------  ----------

43.00   Appropriation (total)...........       2,333       2,360       2,408
50.00 Reappropriation...................           1
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................       2,334       2,360       2,408
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation       2,897       2,764       2,746
73.10 New obligations...................       2,729       2,578       2,408
73.20 Total outlays (gross).............      -2,739      -2,596      -2,545
73.30 Obligated balance transferred, net         -10
73.40 Adjustments in expired accounts...          -1
73.45 Adjustments in unexpired accounts.        -111
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation       2,764       2,746       2,609
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority       1,466       1,490       1,502
86.93 Outlays from current balances.....       1,273       1,106       1,043
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........       2,739       2,596       2,545
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       2,334       2,360       2,408
90.00 Outlays...........................       2,739       2,596       2,545
---------------------------------------------------------------------------

    This account is used to provide economic assistance to selected 
countries in support of U.S. efforts to promote stability and U.S. 
security interests in strategic regions of the world.


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1037-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

      Direct obligations:

25.2    Other services..................           3           3           3
41.0    Grants, subsidies, and 
          contributions.................       2,638       2,575       2,405
                                           ---------   ---------  ----------

99.0      Subtotal, direct obligations..       2,641       2,578       2,408
41.0  Allocation Account--Direct 
        Obligations: Grants, subsidies, 
        and contributions...............          88
                                           ---------   ---------  ----------

99.9    Total obligations...............       2,729       2,578       2,408
---------------------------------------------------------------------------

                                

                   Foreign Military Financing Program

    For expenses necessary for grants to enable the President to carry 
out the provisions of section 23 of the Arms Export Control Act, 
[$3,208,390,000] $3,228,250,000: Provided, That [of the funds 
appropriated by this paragraph not less than $1,800,000,000 shall be 
available for grants only for Israel, and not less than $1,300,000,000 
shall be available for grants only for Egypt: Provided further, That the 
funds appropriated by this paragraph for Israel shall be disbursed 
within thirty days of enactment of this Act or by October 31, 1995, 
whichever is later: Provided further, That to the extent that the 
Government of Israel requests that funds be used for such purposes, 
grants made available for Israel by this paragraph shall, as agreed by 
Israel and the United States, be available for advanced weapons systems, 
of which not less than $475,000,000 shall be available for the 
procurement in Israel of defense articles and defense services, 
including research and development: Provided further, That] funds made 
available under this paragraph shall be nonrepayable notwithstanding any 
requirement in section 23 of the Arms Export Control Act[: Provided 
further, That, for the purpose only of providing support for the Warsaw 
Initiative Program, of the funds appropriated by this Act under the 
headings ``Assistance for Eastern Europe and the Baltic States'' and 
``Assistance for the New Independent States of the Former Soviet 
Union'', up to a total of $20,000,000 may be transferred, 
notwithstanding any other provision of law, to the funds appropriated 
under this paragraph: Provided further, That none of the funds made 
available under this heading shall be available for any non-NATO country 
participating in the Partnership for Peace Program except through the 
regular notification procedures of the Committees on Appropriations].
    For the cost, as defined in section 502 of the Congressional Budget 
Act of 1974, of direct loans authorized by section 23 of the Arms Export 
Control Act as follows: cost of direct loans, [$64,400,000] $40,000,000: 
Provided, That these funds are available to subsidize gross obligations 
for the principal amount of direct loans of not to exceed [$544,000,000] 
$370,028,000: Provided further, That the rate of interest charged on 
such loans shall be not less than the current average market yield on 
outstanding marketable obligations of the United States of comparable 
maturities[: Provided further, That funds appropriated under this 
heading shall be made available for Greece and Turkey only on a loan 
basis, and the principal amount of direct loans for each country shall 
not exceed the following: $224,000,000 only for Greece and $320,000,000 
only for Turkey].
    None of the funds made available under this heading shall be 
available to finance the procurement of defense articles, defense 
services, or design and construction services that are not sold by the 
United States Government under the Arms Export Control Act unless the 
foreign country proposing to make such procurements has first signed an 
agreement with the United States Government specifying the conditions 
under which such procurements may be financed with such funds: Provided, 
That [all country and funding level increases in allocations shall be 
submitted through the regular notification procedures of section 515 of 
this Act: Provided further, That] funds made available under this 
heading shall be obligated upon apportionment in accordance with 
paragraph (5)(C) of title 31, United States Code, section 1501(a): 
[Provided further, That none of the funds appropriated under this 
heading shall be available for Zaire, Sudan, Peru, Liberia, and 
Guatemala: Provided further, That none of the funds appropriated or 
otherwise made available for use under this heading may be made 
available for Colombia or Bolivia until the Secretary of State certifies 
that such funds will be used by such country primarily for 
counternarcotics activities:] Provided further, That funds made 
available under this heading may be used, notwithstanding any other 
provision of law, for demining activities, and may include activities 
implemented through nongovernmental and international organizations: 
Provided further, That not more than $100,000,000 of the funds made 
available under this heading shall be available for use in financing the 
procurement of defense articles, defense services, or design and 
construction services that are not sold by the United States Government 
under the Arms Export Control Act to countries other than Israel and 
Egypt: Provided further, That only those countries for which assistance 
was justified for the ``Foreign Military Sales Financing Program'' in 
the fiscal year 1989 congressional presentation for security assistance 
programs may utilize funds made available under this heading for 
procurement of defense articles, defense services or design and 
construction services that are not sold by the United States Government 
under the Arms Export Control Act: Provided further, That, subject to 
the regular notification procedures of the Committees on Appropriations, 
funds made available under this heading for the cost of direct loans may 
also be used to supplement the funds available under this heading for 
grants, and funds made available under this heading for grants may also 
be used to supplement the funds available under this heading for the 
cost of direct loans: Provided further, That funds appropriated under 
this heading shall be expended at the minimum rate necessary to make 
timely payment for defense articles and services: Provided further, That 
the Department of Defense shall conduct during the current fiscal year 
nonreimbursable audits of private firms whose contracts are made 
directly with foreign governments and are financed with funds made 
available under this heading (as well as subcontractors thereunder) as 
requested by the Defense Security Assistance Agency: Provided further, 
That not more than $23,250,000 of the funds appropriated under this 
heading may be obligated for necessary expenses, including the purchase 
of passenger motor vehicles for replacement only for use outside of the 
United States, for the general costs of administering military 
assistance and sales[: Provided further, That not more than $355,000,000 
of funds realized pursuant to section 21(e)(1)(A) of the Arms Export 
Control Act may be obligated for expenses incurred by the Department of 
Defense during fiscal year 1996 pursuant to section 43(b) of the Arms 
Export Control Act, except that this limitation may be exceeded only 
through the regular notification procedures of the Committees on 
Appropriations]. (Foreign Operations, Export Financing, and Related 
Programs Appropriation Act, 1996.)

[[Page 74]]


               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1082-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Country programs..................       3,133       3,185       3,205
00.02 Administrative costs..............          22          23          23
                                           ---------   ---------  ----------

10.00   Total obligations...............       3,155       3,208       3,228
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......       3,155       3,208       3,228
23.95 New obligations...................      -3,155      -3,208      -3,228
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Current:

40.00   Appropriation...................       3,152       3,208       3,228
42.00   Transferred from other accounts.           2
                                           ---------   ---------  ----------

43.00     Appropriation (total).........       3,154       3,208       3,228
      Permanent:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           1
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................       3,155       3,208       3,228
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation       1,217       1,436       1,342
73.10 New obligations...................       3,155       3,208       3,228
73.20 Total outlays (gross).............      -2,933      -3,302      -3,217
73.40 Adjustments in expired accounts...          -1
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation       1,436       1,342       1,353
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority       1,925       1,963       1,972
86.93 Outlays from current balances.....       1,007       1,339       1,245
86.97 Outlays from new permanent 
        authority.......................           1
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........       2,933       3,302       3,217
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....           1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       3,156       3,208       3,228
90.00 Outlays...........................       2,933       3,302       3,217
---------------------------------------------------------------------------

                 Summary of Budget Authority and Outlays

                        [In millions of dollars]

                                     1995 actual  1996 est.   1997 est.
Enacted/requested:
  Budget Authority..................       3,156       3,208       3,228
  Outlays...........................       2,934       3,302       3,217
Supplemental proposal:
  Budget Authority..................                     140
  Outlays...........................                      25          67
                                    ------------------------------------
Total:
  Budget Authority..................       3,156       3,348       3,228
  Outlays...........................       2,934       3,327       3,284
                                    ====================================

    The foreign military financing (FMF) program enables selected 
friendly and allied countries to improve their ability to defend 
themselves by financing their acquisition of U.S. military articles, 
services, and training. This account provides the grant financing 
portion of the FMF program. Credit financing, in the form of direct 
loans, is provided in the FMF loan program account.


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1082-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
25.2  Other services....................          22          23          23
41.0  Grants, subsidies, and 
        contributions...................       3,133       3,185       3,205
                                           ---------   ---------  ----------

99.9    Total obligations...............       3,155       3,208       3,228
---------------------------------------------------------------------------

                                

              International Military Education and Training

    For necessary expenses to carry out the provisions of section 541 of 
the Foreign Assistance Act of 1961, [$39,000,000] $45,000,000: Provided, 
That up to $100,000 of the funds appropriated under this heading may be 
made available for grant financed military education and training for 
any high income country on the condition that that country agrees to 
fund from its own resources the transportation cost and living 
allowances of its students: Provided further, That the civilian 
personnel for whom military education and training may be provided under 
this heading may also include members of national legislatures who are 
responsible for the oversight and management of the military, and may 
also include individuals who are not members of a government [Provided 
further, That none of the funds appropriated under this heading shall be 
available for Zaire and Guatemala: Provided further, That funds 
appropriated under this heading for grant financed military education 
and training for Indonesia may only be available for expanded military 
education and training]. (Foreign Operations, Export Financing, and 
Related Programs Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1081-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations.................          26          39          45
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          26          39          45
23.95 New obligations...................         -26         -39         -45
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          26          39          45
42.00 Transferred from other accounts...           1
                                           ---------   ---------  ----------

43.00   Appropriation (total)...........          26          39          45
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................          26          39          45
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          26          23          31
73.10 New obligations...................          26          39          45
73.20 Total outlays (gross).............         -27         -31         -46
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          23          31          30
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          13          20          23
86.93 Outlays from current balances.....          13          13          23
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          27          31          46
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          26          39          45
90.00 Outlays...........................          27          31          46
---------------------------------------------------------------------------

    This assistance provides grant military education and training to 
military and civilian students from foreign countries. In addition to 
helping these countries move toward self-sufficiency in defending 
themselves, this program also exposes foreign students to American 
democratic values, particularly military respect for civilian rule and 
for individual and human rights.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1081-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
26.0  Supplies and materials............           3           4           5
41.0  Grants, subsidies, and 
        contributions...................          22          34          39
99.5  Below reporting threshold.........           1           1           1
                                           ---------   ---------  ----------

99.9    Total obligations...............          26          39          45
---------------------------------------------------------------------------

                                

[[Page 75]]


                  military-to-military contact program

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1084-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations.................          11
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          12
23.95 New obligations...................         -11
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          12
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation                       5
73.10 New obligations...................          11
73.20 Total outlays (gross).............          -6          -5
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation           5
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority           6
86.93 Outlays from current balances.....                       5
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........           6           5
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          12
90.00 Outlays...........................           6           5
---------------------------------------------------------------------------

    This assistance finances expenses associated with direct contacts 
between U.S. military and the military establishments of Eastern Europe 
and the Baltic and Pacific regions. These contacts are designed to 
promote the development of foreign military that are non-political, 
loyal to civilian constitutional authority, structured for defensive 
needs, and respectful of human and individual rights. 


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1084-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
11.7  Personnel compensation: Military 
        personnel.......................           2
21.0  Travel and transportation of 
        persons.........................           7
25.2  Other services....................           1
99.5  Below reporting threshold.........           1
                                           ---------   ---------  ----------

99.9    Total obligations...............          11
---------------------------------------------------------------------------

                                

                         Peacekeeping Operations

    For necessary expenses to carry out the provisions of section 551 of 
the Foreign Assistance Act of 1961, $70,000,000[: Provided, That none of 
the funds appropriated under this paragraph shall be obligated or 
expended except as provided through the regular notification procedures 
of the Committees on Appropriations] (Foreign Operations, Export 
Financing, and Related Programs Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1032-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        41.0)...........................          74          70          70
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          74          70          70
23.95 New obligations...................         -74         -70         -70
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          75          70          70
40.75 Reduction pursuant to P.L. 104-19.          -3
41.00 Transferred to other accounts.....          -1
42.00 Transferred from other accounts...           3
                                           ---------   ---------  ----------

43.00   Appropriation (total)...........          74          70          70
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................          74          70          70
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          36          29          28
73.10 New obligations...................          74          70          70
73.20 Total outlays (gross).............         -81         -71         -70
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          29          28          28
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          50          48          48
86.93 Outlays from current balances.....          31          23          22
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          81          71          70
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          74          70          70
90.00 Outlays...........................          81          71          70
---------------------------------------------------------------------------

    This account funds U.S. assistance to international efforts to 
monitor and maintain the peace in areas of special concern to the United 
States and to other related programs carried out in furtherance of the 
national security interests of the United States. In 1997, contributions 
are planned for the Multinational Force and Observers in the Sinai, 
Europe, Africa and other regional programs, and other activities.


                                

            Assistance for Relocation of Facilities in Israel

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1088-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...                       2
68.49   Portion applied to liquidate 
          contract authority............                      -2
                                           ---------   ---------  ----------

68.90     Spending authority from 
            offsetting collections 
            (total).....................
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.49 Unpaid obligations, start of year: 
        Obligated balance: Contract 
        authority.......................           4           4
73.10 New obligations...................
73.20 Total outlays (gross).............                      -2
74.49 Unpaid obligations, end of year: 
        Obligated balance: Contract 
        authority.......................           4
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from current balances.....                       2
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........                       2
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........                      -2
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                      -2
90.00 Outlays...........................
---------------------------------------------------------------------------

            Status of Contract Authority (in millions of dollars)

----------------------------------------------------------------------------
Unfunded balance, start of year.........           4           4
Collections applied to liquidate 
 contract authority.....................                      -2
Cancellation of Contract Authority......                      -2
                                           ---------   ---------  ----------

Unfunded balance, end of year...........           4
---------------------------------------------------------------------------

    This account shows financial transactions related to the 
construction of two airfields in Israel that were part of the Camp David 
agreement.


                                

[[Page 76]]


                  Nonproliferation and Disarmament Fund

    For necessary expenses for a ``Nonproliferation and Disarmament 
Fund'', $20,000,000, to remain available until expended, to promote 
bilateral and multilateral activities: Provided, That such funds may be 
used pursuant to the authorities contained in section 504 of the FREEDOM 
Support Act: Provided further, That such funds may also be used for such 
countries other than the new independent states of the former Soviet 
Union and international organizations when it is in the national 
security interest of the United States to do so: Provided further, That 
funds appropriated under this heading may be made available 
notwithstanding any other provision of law: Provided further, That funds 
appropriated under this heading shall be subject to the regular 
notification procedures of the Committees on Appropriations. (Foreign 
Operations, Export Financing, and Related Programs Appropriation Act, 
1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1071-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Education and training............           1           2           3
00.02 Destruction and conversion 
        assistance......................           4           5           8
00.03 Enforcement/interdiction 
        assistance......................           2           8           7
00.04 Safeguards/verification assistance                       4           4
                                           ---------   ---------  ----------

10.00   Total obligations...............           7          19          22
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................           1           4           5
22.00 New budget authority (gross)......          10          20          20
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......          11          24          25
23.95 New obligations...................          -7         -19         -22
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....           4           5           3
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          10          20          20
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation           9          13          19
73.10 New obligations...................           7          19          22
73.20 Total outlays (gross).............          -3         -13         -14
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          13          19          27
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority           1           5           5
86.93 Outlays from current balances.....           2           8           9
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........           3          13          14
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          10          20          20
90.00 Outlays...........................           3          13          14
---------------------------------------------------------------------------

    This account is used to provide financial and technical assistance 
to support nonproliferation and disarmament efforts in foreign 
countries, including education and training, elimination of weapons of 
mass destruction, and development of export control capabilities in 
foreign countries.


                                

Credit accounts:

             Foreign Military Financing Loan Program Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1085-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loan subsidy...............          43          64          40
                                           ---------   ---------  ----------

10.00   Total obligations...............          43          64          40
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          43          64          40
23.95 New obligations...................         -43         -64         -40
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          48          64          40
41.00 Transferred to other accounts.....          -5
                                           ---------   ---------  ----------

43.00   Appropriation (total)...........          43          64          40
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................          43          64          40
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation         194         190         162
73.10 New obligations...................          43          64          40
73.20 Total outlays (gross).............         -47         -92         -77
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation         190         162         125
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority                       4           3
86.93 Outlays from current balances.....          47          88          74
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          47          92          77
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          43          64          40
90.00 Outlays...........................          47          92          77
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this account 
records the subsidy costs associated with the direct loans obligated for 
foreign military financing committed in 1992 and beyond, as well as the 
administrative expenses of this program. The foreign military financing 
credit program provides loans that finance sales of defense articles, 
defense services, and design and construction services to foreign 
countries and international organizations. The subsidy amounts are 
estimated on a present value basis; the administrative expenses are 
estimated on a cash basis. 


Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in 
                            millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1085-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
1150  Direct loan levels................         558         544         370
                                           ---------   ---------  ----------

1159    Total direct loan levels........         558         544         370
    Direct loan subsidy (in percent):
1320  Subsidy rate......................        7.67       11.76       10.81
                                           ---------   ---------  ----------

1329    Weighted average subsidy rate...        7.67       11.76       10.81
    Direct loan subsidy budget authority:
1330  Subsidy budget authority..........          43          64          40
                                           ---------   ---------  ----------

1339    Total subsidy budget authority..          43          64          40
    Direct loan subsidy outlays:
1340  Subsidy outlays...................          47          92          77
                                           ---------   ---------  ----------

1349    Total subsidy outlays...........          47          92          77
---------------------------------------------------------------------------

                                

        Foreign Military Financing Direct Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4122-0-3-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................         558         544         370
00.02 Interest on Treasury borrowing....          55          65         111
                                           ---------   ---------  ----------

10.00   Total obligations...............         613         609         481
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New financing authority (gross)...         613         609         481
23.95 New obligations...................        -613        -609        -481
----------------------------------------------------------------------------

    New financing authority (gross), detail:
67.15 Authority to borrow (indefinite)..         523         468         346
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...          94         179         173
                                                                 
[[Page 77]]

68.10   Change in orders on hand from 
          Federal sources...............          -4         -28         -38
68.47   Portion applied to debt 
          reduction.....................                     -10
                                           ---------   ---------  ----------

68.90     Spending authority from 
            offsetting collections 
            (total).....................          90         141         135
                                           ---------   ---------  ----------

70.00   Total new financing authority 
          (gross).......................         613         609         481
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.90   Obligated balance: Fund balance.       1,502       1,797       1,598
72.95   Orders on hand from Federal 
          sources.......................         194         190         162
                                           ---------   ---------  ----------

72.99     Total unpaid obligations, 
            start of year...............       1,696       1,987       1,760
73.10 New obligations...................         613         609         481
73.20 Total financing disbursements 
        (gross).........................        -322        -836        -978
      Unpaid obligations, end of year:

74.90   Obligated balance: Fund balance: 
          Uninvested balance............       1,797       1,598       1,139
74.95   Orders on hand from Federal 
          sources.......................         190         162         124
                                           ---------   ---------  ----------

74.99     Total unpaid obligations, end 
            of year.....................       1,987       1,760       1,263
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................         322         836         978
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............         -47         -94         -78
88.40     Non-Federal sources...........         -47         -85         -95
                                           ---------   ---------  ----------

88.90       Total, offsetting 
              collections (cash)........         -94        -179        -173
88.95 Change in receivables from program 
        accounts........................           4          28          38
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............         523         458         346
90.00 Financing disbursements...........         228         657         805
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4122-0-3-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........         558         544         370
                                           ---------   ---------  ----------

1150    Total direct loan obligations...         558         544         370
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........         273         539       1,272
1231  Disbursements: Direct loan 
        disbursements...................         266         743         829
1251  Repayments: Repayments and 
        prepayments.....................                     -10         -22
                                           ---------   ---------  ----------

1290    Outstanding, end of year........         539       1,272       2,079
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from direct loans for foreign military financing obligated in 
1992 and beyond. The foreign military financing credit program provides 
loans that finance sales of defense articles, defense services, and 
design and construction services to foreign countries and international 
organizations. The amounts in this account are a means of financing and 
are not included in budget totals. 


                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   11-4122-0-3-152    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................         357            500
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

1401    Direct loans receivable, gross..         273            539         1,272          2,079
1402    Interest receivable.............           4              9            18             30
1405    Allowance for subsidy cost (-)..         -27            -71          -171           -260
                                        ------------ --------------  ------------  -------------
1499      Net present value of assets 
            related to direct loans.....         250            477         1,119          1,849
1901  Other Federal assets: Other assets       1,339          1,488         2,008          1,831
                                        ------------ --------------  ------------  -------------
1999    Total assets....................       1,946          2,465         3,127          3,680
    LIABILITIES:
2103  Federal liabilities: Debt.........         413            788           923          1,771
2207  Non-Federal liabilities: Other....       1,533          1,677         2,204          1,909
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............       1,946          2,465         3,127          3,680
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position       1,946          2,465         3,127          3,680
-----------------------------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4122-0-3-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
33.0  Investments and loans.............         558         544         370
43.0  Interest and dividends............          55          65         111
99.0  Subtotal, reimbursable obligations         613         609         481
                                           ---------   ---------  ----------

99.9    Total obligations...............         613         609         481
---------------------------------------------------------------------------

                                

                Foreign Military Loan Liquidating Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4121-0-3-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program: Guarantee claims..          72          56          50
                                           ---------   ---------  ----------

10.00   Total obligations (object class 
          33.0).........................          72          56          50
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          72          56          50
23.95 New obligations...................         -72         -56         -50
----------------------------------------------------------------------------

    New budget authority (gross), detail:
60.05 Appropriation (indefinite)........          39          24          11
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...         442         301         242
68.27   Capital transfer to general fund        -117         -21          -4
68.47   Portion applied to debt 
          reduction.....................        -292        -247        -199
                                           ---------   ---------  ----------

68.90     Spending authority from 
            offsetting collections 
            (total).....................          33          33          39
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................          72          56          50
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation         433          11
73.10 New obligations...................          72          56          50
73.20 Total outlays (gross).............        -494         -67         -50
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          11
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new permanent 
        authority.......................          72          56          50
86.98 Outlays from permanent balances...         422          11
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........         494          67          50
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
          Non-Federal sources:
88.40       Non-Federal sources--Claims.        -150         -39         -39
88.40       Non-Federal sources--FFB 
              Loans.....................        -292        -247        -199
88.40       Non-Federal sources--Debt 
              Reduction.................                     -15          -4
                                           ---------   ---------  ----------

88.90       Total, offsetting 
              collections (cash)........        -442        -301        -242
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................        -370        -244        -192
90.00 Outlays...........................          52        -233        -192
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4121-0-3-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........       8,627       7,911       6,968
1231  Disbursements: Direct loan 
        disbursements...................         461          30           9
1251  Repayments: Repayments and 
        prepayments.....................      -1,115        -935        -856
                                                                 
[[Page 78]]

1261  Adjustments: Capitalized interest.          32
1263  Write-offs for default: Direct 
        loans...........................         -94         -39         -39
                                           ---------   ---------  ----------

1290    Outstanding, end of year........       7,911       6,968       6,082
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4121-0-3-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........       7,146       6,610       6,168
2251  Repayments and prepayments........        -527        -436        -392
2261  Adjustments: Terminations for 
        default that result in loans 
        receivable......................          -9          -7          -2
                                           ---------   ---------  ----------

2290    Outstanding, end of year........       6,610       6,168       5,773
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..       5,949       5,501       5,192
----------------------------------------------------------------------------

    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......           5
2331    Disbursements for guaranteed 
          loan claims...................          26          10          23
2351    Repayments of loans receivable..
2364    Other adjustments, net..........         -31         -10         -23
                                           ---------   ---------  ----------

2390      Outstanding, end of year......
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this account 
records all cash flows to and from the Government resulting from direct 
loans obligated and loan guarantees for foreign military financing 
committed prior to 1992. This account is shown on a cash basis and 
reflects the transactions resulting from loans provided to finance sales 
of defense articles, defense services, and design and construction 
services to foreign countries and international organizations. All new 
foreign military financing credit activity in 1992 and beyond (including 
modifications of direct loans or loan guarantees that resulted from 
obligations or commitments in any year) is recorded in corresponding 
program and financing accounts. 


                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   11-4121-0-3-152    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
0111  Revenue...........................        -125           -105           -69            -65
0112  Expense...........................        -342           -365          -291           -273
                                        ------------ --------------  ------------  -------------
0119  Net income or loss (-)............        -467           -470          -360           -338
                                        ------------ --------------  ------------  -------------
0199  Net income or loss................        -467           -470          -360           -338
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   11-4121-0-3-152    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................         433             11
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............       8,623          7,911         6,968          6,082
1602    Interest receivable.............         500            579           510            445
1604    Direct loans and interest 
          receivable, net...............       9,123          8,490         7,478          6,527
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................       9,123          8,490         7,478          6,527
1701    Defaulted guaranteed loans, 
          gross.........................           4
1702    Interest receivable.............           1
1704    Defaulted guaranteed loans and 
          interest receivable, net......           5
                                        ------------ --------------  ------------  -------------
1799      Value of assets related to 
            loan guarantees.............           5
                                        ------------ --------------  ------------  -------------
1999    Total assets....................       9,561          8,501         7,478          6,527
    LIABILITIES:
      Federal liabilities:

2102    Interest payable................          60             56            49             45
2103    Debt............................       3,785          3,493         3,047          2,828
2105    Other...........................       4,150          4,333         3,856          3,296
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............       7,995          7,882         6,952          6,169
    NET POSITION:
3100  Appropriated capital..............         433             11
3300  Cumulative results of operations..       1,133            608           526            358
                                        ------------ --------------  ------------  -------------
3999    Total net position..............       1,566            619           526            358
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position       9,561          8,501         7,478          6,527
-----------------------------------------------------------------------------------------------

                                

                Military Debt Reduction Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4174-0-3-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Payment to liquidating account....                      15           4
00.02 Interest on debt to Treasury......                       1           1
                                           ---------   ---------  ----------

10.00   Total obligations...............                      16           5
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New financing authority (gross)...                      16           5
23.95 New obligations...................                     -16          -5
----------------------------------------------------------------------------

    New financing authority (gross), detail:
67.15 Authority to borrow (indefinite)..                      12           3
68.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............                       4           2
                                           ---------   ---------  ----------

70.00   Total new financing authority 
          (gross).......................                      16           5
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................                      16           5
73.20 Total financing disbursements 
        (gross).........................                     -16          -5
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................                      16           5
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............                      -3          -1
88.40     Non-Federal sources: Interest 
            and fee revenue on loans....                      -1          -1
                                           ---------   ---------  ----------

88.90       Total, offsetting 
              collections (cash)........                      -4          -2
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............                      12           3
90.00 Financing disbursements...........                      12           3
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4174-0-3-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........                                  15
1232  Disbursements: Purchase of loans 
        assets from the public..........                      15           4
                                           ---------   ---------  ----------

1290    Outstanding, end of year........                      15          19
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from restructuring foreign military loans.

[[Page 79]]


                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   11-4174-0-3-152    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

1401    Direct loans receivable, gross..                                       15              4
1405    Allowance for subsidy cost (-)..                                       -3             -1
                                        ------------ --------------  ------------  -------------
1499      Net present value of assets 
            related to direct loans.....                                       12              3
                                        ------------ --------------  ------------  -------------
1999    Total assets....................                                       12              3
    LIABILITIES:
2103  Federal liabilities: Debt.........                                       12             15
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............                                       12             15
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position                                       12             15
-----------------------------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4174-0-3-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
41.0  Grants, subsidies, and 
        contributions...................                      15           4
43.0  Interest and dividends............                       1           1
99.0  Subtotal, reimbursable obligations                      16           5
                                           ---------   ---------  ----------

99.9    Total obligations...............                      16           5
---------------------------------------------------------------------------

           General Fund Receipt Accounts (in millions of dollars)

----------------------------------------------------------------------------
                                         1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
  11-146800  Interest on foreign 
    military credit sales...............         263         244         211
  11-296800  Repayment of loans, foreign 
    military credit sales...............         674         634         613
                                           ---------   ---------  ----------

General Fund Offsetting receipts from 
 the public.............................         937         878         824
---------------------------------------------------------------------------

                                

                  INTERNATIONAL DEVELOPMENT ASSISTANCE

                         Multilateral Assistance

                              Federal Funds

General and special funds:

                  International Financial Institutions

     [contribution to the international bank for reconstruction and 
                              development]

    [For payment to the International Bank for Reconstruction and 
Development by the Secretary of the Treasury, for the United States 
share of the paid-in share portion of the increases in capital stock for 
the General Capital Increase, $28,189,963, to remain available until 
expended: Provided, That not more than twenty-one days prior to the 
obligation of each such sum, the Secretary shall submit a certification 
to the Committees on Appropriations that the Bank has not approved any 
loans to Iran since October 1, 1994, or the President of the United 
States certifies that withholding of these funds is contrary to the 
national interest of the United States.]

             contribution to the global environment facility

    For payment [to the International Bank for Reconstruction and 
Development] by the Secretary of the Treasury, for the United States 
contribution to the Global Environment Facility (GEF), [$35,000,000] 
$100,000,000, to remain available until [September 30, 1997] expended.

             [limitation on callable capital subscriptions]

    [The United States Governor of the International Bank for 
Reconstruction and Development may subscribe without fiscal year 
limitation to the callable capital portion of the United States share of 
increases in capital stock in an amount not to exceed $911,475,013.] 
(Foreign Operations, Export Financing, and Related Programs 
Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0077-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Paid in capital...................          23          28
00.02 Global environment trust fund.....          90          35         100
                                           ---------   ---------  ----------

10.00   Total obligations (object class 
          33.0).........................         113          63         100
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
      Unobligated balance available, start of year:

21.40   Appropriation...................       1,948       1,948       1,948
21.47   Authority to borrow.............       5,715       5,715       5,715
                                           ---------   ---------  ----------

21.99     Total unobligated balance, 
            start of year...............       7,663       7,663       7,663
22.00 New budget authority (gross)......         113          63         100
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......       7,776       7,726       7,763
23.95 New obligations...................        -113         -63        -100
      Unobligated balance available, end of year:

24.40   Appropriation...................       1,948       1,948       1,948
24.47   Authority to borrow.............       5,715       5,715       5,715
                                           ---------   ---------  ----------

24.99   Total unobligated balance, end 
          of year.......................       7,663       7,663       7,663
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................         113          63         100
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          83         153         177
73.10 New obligations...................         113          63         100
73.20 Total outlays (gross).............         -43         -40         -46
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation         153         177         231
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority           2           6           9
86.93 Outlays from current balances.....          41          34          37
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          43          40          46
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         113          63         100
90.00 Outlays...........................          43          40          46
---------------------------------------------------------------------------

    The International Bank for Reconstruction and Development (World 
Bank) finances development projects in less developed countries. By 
applying banking principles to the achievement of development goals, it 
promotes increased economic productivity and helps developing economies 
meet more of the basic needs of their people.


    The IBRD also plays a vital role in providing policy advice to 
borrowing countries, assisting in donor coordination and promoting co-
financing.


    The IBRD made new commitments of $16.9 billion during its 1995 
fiscal year; IBRD gross disbursements were $12.7 billion. Since its 1945 
establishment, the IBRD has made loans totalling $266.3 billion.


    Full funding of capital subscriptions for the U.S. share of a $74.8 
billion general capital increase has been provided by 1989-96 
appropriations.


    The Global Environment Facility (GEF) is the world's leading 
institution for protecting the global environment and avoiding economic 
disruption from climate change, depletion of the ozone layer, extinction 
of species, and damage to fish populations. Through its leadership role 
on the GEF Council as a major donor, the United States has succeeded in 
establishing a detailed GEF Operational Strategy that focuses available 
resources on a cost-effective mixture of long- and short-term responses 
to these global environmental problems. Operated by an independent 
Secretariat, the GEF coordinates work implemented through the World 
Bank, the United Nations Development Programme, and the United Nations 
Environment Programme. GEF programs place emphasis on strong local 
participation to ensure successful implementation. Following U.S. 
strategic guidance, the GEF will have prepared

[[Page 80]]
a workplan in April 1996 that brings total cumulative commitments to 
$1.3 billion (including workplan approvals that later require a final 
approval).


    GEF participation forms the main pillar of U.S. influence in ongoing 
international negotiations on environment, especially the Framework 
Convention on Climate Change and Convention on Biological Diversity. The 
GEF induces increased environmental protection by the developing 
countries that pose the biggest long-term threat to the global 
environment. Also, the GEF is the pioneer in starting to harness private 
capital flows for investment in environmentally sound development.


    The 1997 request consists of $100 million for the third of four U.S. 
installments to the $2 billion replenishment of the GEF.


                                

        contribution to the international development association

    For payment to the International Development Association by the 
Secretary of the Treasury, [$700,000,000] $934,503,100, for the United 
States contribution to the tenth replenishment, to remain available 
until expended. (Foreign Operations, Export Financing, and Related 
Programs Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0073-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        33.0)...........................       1,165         710         935
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................                      10
22.00 New budget authority (gross)......       1,175         700         935
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......       1,175         710         935
23.95 New obligations...................      -1,165        -710        -935
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....          10
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................       1,175         700         935
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation       3,649       3,752       3,202
73.10 New obligations...................       1,165         710         935
73.20 Total outlays (gross).............      -1,063      -1,260      -1,161
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation       3,752       3,202       2,976
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority                      64          86
86.93 Outlays from current balances.....       1,063       1,196       1,076
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........       1,063       1,260       1,161
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       1,175         700         935
90.00 Outlays...........................       1,063       1,260       1,161
---------------------------------------------------------------------------

    The International Development Association (IDA), a member of the 
World Bank Group, provides development financing on highly concessional 
terms to the world's poorest and least creditworthy nations. These 
countries are primarily in Sub-Saharan Africa and South Asia, but also 
in Latin America, Eastern Europe, and the former Soviet Union. IDA 
places special emphasis on poverty alleviation, environmental 
protection, and economic reform and growth. IDA is the largest source of 
multilateral lending that is extended on concessional terms to 
developing countries. Projects have to meet the same economic, 
financial, and environmental standards as other World Bank projects.


    During its fiscal year 1995, IDA made new commitments of $5.7 
billion; IDA's gross disbursements were $5.7 billion. Since its 
establishment, IDA has made commitments totalling $90.1 billion (as of 
June 30, 1995).


    The Tenth Replenishment of IDA provides donor country resources of 
about $18 billion. The United States has pledged $3.75 billion (20.86 
percent share of all donor contributions) to the replenishment. The 1997 
request consists of $934.5 million to clear unmet U.S. commitments.


                                

          contribution to the international finance corporation

    For payment to the International Finance Corporation by the 
Secretary of the Treasury, [$60,900,000] $6,656,000, for the United 
States share of the increase in subscriptions to capital stock, to 
remain available until expended[: Provided, That of the amount 
appropriated under this heading not more than $5,269,000 may be expended 
for the purchase of such stock in fiscal year 1996]. (Foreign 
Operations, Export Financing, and Related Programs Appropriation Act, 
1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0078-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations.................          69          61           7
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          69          61           7
23.95 New obligations...................         -69         -61          -7
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          69          61           7
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          48          81          90
73.10 New obligations...................          69          61           7
73.20 Total outlays (gross).............         -36         -52         -61
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          81          90          36
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          10           5           1
86.93 Outlays from current balances.....          26          47          59
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          36          52          61
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          69          61           7
90.00 Outlays...........................          36          52          61
---------------------------------------------------------------------------

    The International Finance Corporation (IFC), a member of the World 
Bank Group, was established in 1956 to further economic development by 
encouraging the growth of private enterprise in developing countries. 
IFC provides and mobilizes loans and equity investments for promising 
ventures, and provides technical assistance. The IFC is now playing an 
important role in the former Soviet Union and Eastern Europe's 
transition to free markets and private enterprise, due to the IFC's 
special expertise in foreign investment, capital markets development, 
and privatization.


    During World Bank FY 1995 the Corporation approved 213 new 
investments totalling $5.5 billion and net investments for the IFC's own 
account were $2.9 billion. IFC's disbursed loan and equity portfolio 
(for its own account) was $7.3 billion as of June 30, 1995.


    The 1997 request includes budget authority of $6.7 million to clear 
outstanding unmet commitments on the U.S. share of the $1.0 billion 
General Capital Increase.


                                

[[Page 81]]


        contribution to multilateral investment guarantee agency

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0084-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......
23.95 New obligations...................
----------------------------------------------------------------------------

    New budget authority (gross), detail:
70.00 Total new budget authority (gross)
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          22          22          22
73.10 New obligations...................
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          22          22          22
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total outlays (gross).............
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    The Multilateral Investment Guarantee Agency (MIGA) is an 
international development institution affiliated with the World Bank 
Group. MIGA is designed to encourage the flow of foreign private 
investment to and among developing countries by: (1) issuing guarantees 
against noncommercial risks and (2) carrying out a wide range of 
investment promotion activities. Authorization and full funding of U.S. 
membership was provided in 1988.


    During World Bank FY 1995, the MIGA issued 54 guarantees, with a 
maximum contingent liability of $672 million, to facilitate aggregate 
direct investment of $2.5 billion. There are no claims pending against 
MIGA.


                                

           contribution to the inter-american development bank

    For payment to the Inter-American Development Bank by the Secretary  
of  the Treasury, for the United States share of the paid-in share 
portion of the increase in capital stock, [$25,952,110] $25,610,667, and 
for the United States share of the increase in the resources of the Fund 
for Special Operations, [$10,000,000] $31,411,000, to remain available 
until expended.

              limitation on callable capital subscriptions

    The United States Governor of the Inter-American Development Bank 
may subscribe without fiscal year limitation to the callable capital 
portion of the United States share of such capital stock in an amount 
not to exceed [$1,523,767,142] $1,503,718,910. (Foreign Operations, 
Export Financing, and Related Programs Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0072-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Paid-in capital...................          28          26          26
00.02 Fund for Special Operations.......          21          10          31
                                           ---------   ---------  ----------

10.00   Total obligations (object class 
          33.0).........................          50          36          57
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................       3,798       3,798       3,798
22.00 New budget authority (gross)......          50          36          57
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......       3,848       3,834       3,855
23.95 New obligations...................         -50         -36         -57
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....       3,798       3,798       3,798
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          50          36          57
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation         346         271         190
73.10 New obligations...................          50          36          57
73.20 Total outlays (gross).............        -125        -117        -106
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation         271         190         141
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          14           8          11
86.93 Outlays from current balances.....         111         109          95
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........         125         117         106
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          50          36          57
90.00 Outlays...........................         125         117         106
---------------------------------------------------------------------------

    The Inter-American Development Bank (IDB) promotes the economic and 
social development of Latin America and the Caribbean through loans and 
technical assistance. Since its inception in 1960, the Bank has lent 
over $77.3 billion.


    The Bank lends money through: (1) the Ordinary Capital window that 
lends at market-based rates; (2) the Fund for Special Operations (FSO) 
which makes loans on concessional terms to the region's poorest nations; 
and (3) the Inter-American Investment Corporation (IIC), which makes 
loans and equity investments for small and medium sized private 
enterprises.


    The 1997 request includes: (1) budget authority of $25.6 million for 
paid-in capital subscriptions and $1,503.7 million in program 
limitations for callable capital subscriptions for payments on the U.S. 
contribution to the IDB's eighth general capital increase; and (2) 
budget authority of $31.4 million for the U.S. payment to the Eighth 
Replenishment of the FSO.


                                

               contribution to the asian development bank

    For payment to the Asian Development Bank by the Secretary of the 
Treasury for the United States share of the paid-in portion of the 
increase in capital stock, $13,221,596, to remain available until 
expended.

              limitation on callable capital subscriptions

    The United States Governor of the Asian Development Bank may 
subscribe without fiscal year limitation to the callable capital portion 
of the United States share of such capital stock in an amount not to 
exceed $647,858,204.

               contribution to the asian development fund

    For the United States contribution by the Secretary of the Treasury 
to the increases in resources of the Asian Development Fund,  as  
authorized  by  the  Asian  Development  Bank  Act,  as amended (Public 
Law 89-369), $100,000,000, to remain available until expended. (Foreign 
Operations, Export Financing, and Related Programs Appropriation Act, 
1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0076-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Paid-in capital...................                      13          13
00.02 Asian development fund............         168         100         100
                                           ---------   ---------  ----------

10.00   Total obligations (object class 
          33.0).........................         168         113         113
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................         748         748         748
22.00 New budget authority (gross)......         168         113         113
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......         916         861         861
23.95 New obligations...................        -168        -113        -113
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....         748         748         748
----------------------------------------------------------------------------

[[Page 82]]


    New budget authority (gross), detail:
40.00 Appropriation.....................         168         113         113
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation         622         744         729
73.10 New obligations...................         168         113         113
73.20 Total outlays (gross).............         -47        -128        -131
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation         744         729         711
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority           3           4           4
86.93 Outlays from current balances.....          43         124         127
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          47         128         131
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         168         113         113
90.00 Outlays...........................          46         128         131
---------------------------------------------------------------------------

    The Asian Development Bank fosters sustainable economic development, 
poverty alleviation, and cooperation in the Asia/Pacific region. The 
Bank lends at market-based rates through its ordinary capital window, 
and on highly concessional terms to the region's poorer nations through 
the Asian Development Fund (ADF). In 1995, the Bank lent $4.0 billion of 
its ordinary capital resources and extended loans and grants of $1.5 
billion from its ADF resources for development projects. Since its 
founding in 1966, the ADB has loaned over $39.2 billion and the ADF has 
loaned over $17.5 billion. The Bank has made cumulative equity 
investments of $354 million.


    The 1997 request includes: (1) budget authority of $13.2 million for 
paid-in capital subscriptions and $647.9 million in program limitations 
for callable capital subscriptions for the second of six installments on 
the U.S. subscription to the ADB's fourth general capital increase; and 
(2) $100 million in budget authority to partially clear outstanding 
unmet commitments on the U.S. share of the $4.2 billion replenishment of 
ADF resources.


                                

              contribution to the african development bank

                    For payment to the African Development Bank by the 
            Secretary of the Treasury for the United States share of the 
            paid-in portion of the increase in capital stock, 
            $16,000,000, to remain available until expended.

              limitation on callable capital subscriptions

                    The United States Governor of the African 
            Development Bank may subscribe without fiscal year 
            limitation to the callable capital portion of the United 
            States share of such capital stock in an amount not to 
            exceed $112,000,000.

              contribution to the african development fund

                    For the United States contribution by the Secretary 
            of the Treasury to the increase in resources of the African 
            Development Fund, as authorized by the Foreign Operations, 
            Export Financing and Related Programs 1995 Appropriations 
            and 1994 Supplemental Appropriations Act (Public Law 103-
            306), $50,000,000, to remain available until expended.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0079-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Paid-in Capital...................                                  16
00.02 African development fund..........          62                      50
                                           ---------   ---------  ----------

10.00   Total obligations (object class 
          33.0).........................          62                      66
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          62                      66
23.95 New obligations...................         -62                     -66
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          62                      66
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation         448         492         438
73.10 New obligations...................          62                      66
73.20 Total outlays (gross).............         -19         -54         -66
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation         492         438         438
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority                                   3
86.93 Outlays from current balances.....          19          54          63
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          19          54          66
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          62                      66
90.00 Outlays...........................          19          54          66
---------------------------------------------------------------------------

    The African Development Bank (AFDB) lends at market-based rates for 
economic development of countries on the African continent. The United 
States joined the AFDB in 1983 when membership was open to non-regional 
countries. In 1995, the AFDB financed 11 new projects worth $683 
million. Since its inception in 1963, the AFDB has financed 714 projects 
worth over $19.4 billion.


    The African Development Fund (AFDF), the concessional lending 
affiliate of the African Development Bank, makes loans to the poorest 
African nations. AFDF operations have been interrupted since the end of 
1993 when resources from the last AFDF replenishment had been exhausted 
and prior to conclusion of negotiations on a seventh replenishment of 
the AFDF. By the end of 1993 and since its inception in 1974, cumulative 
AFDF lending totaled $10.2 billion for development projects.


    The 1997 request includes: (1) budget authority of $16 million for 
paid-in capital subscriptions and $112 million in program limitations 
for callable capital subscriptions on the U.S. share of the AFDB's fifth 
general capital increase; and (2) $50 million in budget authority for 
the first installment on the U.S. share of the seventh replenishment of 
AFDF resources.


                                

  contribution to the european bank for reconstruction and development

    For payment to the European Bank for Reconstruction and Development 
by the Secretary of the Treasury, [$70,000,000] $11,916,447, for the 
United States share of the paid-in share portion of the initial capital 
subscription, to remain available until expended[: Provided, That of the 
amount appropriated under this heading not more than $54,600,000 may be 
expended for the purchase of such stock in fiscal year 1996].

              limitation on callable capital subscriptions

    The United States Governor of the European Bank for Reconstruction 
and Development may subscribe without fiscal year limitation to the 
callable capital portion of the United States share of such capital 
stock in an amount not to exceed [$163,333,333] $27,805,043. (Foreign 
Operations, Export Financing, and Related Programs Appropriation Act, 
1996.)

[[Page 83]]


               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0088-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        33.0)...........................          69          70          12
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          69          70          12
23.95 New obligations...................         -69         -70         -12
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          69          70          12
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          10          62          35
73.10 New obligations...................          69          70          12
73.20 Total outlays (gross).............         -17         -97         -31
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          62          35          16
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority           7          47           8
86.93 Outlays from current balances.....          10          51          23
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          17          97          31
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          69          70          12
90.00 Outlays...........................          17          97          31
---------------------------------------------------------------------------

    The European Bank for Reconstruction and Development (EBRD) supports 
market-oriented economic reform and democratic pluralism through 
predominately private sector lending and investments in the nations of 
Eastern Europe and the former Soviet Union. The United States and other 
shareholders signed the articles of agreement of the EBRD on May 29, 
1990, and the Bank officially began operating on April 15, 1991. The 
capitalization of the EBRD is ECU 10 billion (approximately $12 billion 
equivalent at then-prevailing exchange rates). Paid-in contributions 
constitute 30 percent of total capital, with the remainder callable. At 
the end of 1994, the EBRD had approved 223 loans and investments 
totalling $5.6 billion.


    The 1997 request consists of $11.9 million in budget authority for 
paid-in capital subscriptions and $27.8 million in program limitations 
for callable capital subscriptions to clear outstanding unmet 
commitments on the $1.2 billion U.S. share of the initial 
capitalization.


                                

                     North American Development Bank

    For payment to the North American Development Bank by the Secretary 
of the Treasury, for the United States share of the paid-in portion of 
the capital stock, $56,250,000, to remain available until expended.

              limitation on callable capital subscriptions

    The United States Governor of the North American Development Bank 
may subscribe without fiscal year limitation to the callable capital 
portion of the United States share of the capital stock of the North 
American Development Bank in an amount not to exceed $318,750,000. 
(Foreign Operations, Export Financing, and Related Programs 
Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1008-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        33.0)...........................          56          56          56
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          56          56          56
23.95 New obligations...................         -56         -56         -56
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Current:

40.00   Appropriation...................                      56          56
      Permanent:

65.00   Advance appropriation (definite)          56
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................          56          56          56
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation                       2
73.10 New obligations...................          56          56          56
73.20 Total outlays (gross).............         -54         -58         -56
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority                      56          56
86.97 Outlays from new permanent 
        authority.......................          54
86.98 Outlays from permanent balances...                       2
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          54          58          56
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          56          56          56
90.00 Outlays...........................          54          58          56
---------------------------------------------------------------------------

    The North American Development Bank (NADBank) provides $2-3 billion 
in financing for high priority environmental infrastructure projects in 
the border region and, more broadly within the United States for NAFTA-
related community adjustment and investment. NADBank operations provide 
significant direct benefits to U.S. citizens, particularly those in the 
border states. The NADBank's capital shares ($450 million in paid-in and 
$2.55 billion in callable capital) will be contributed equally by the 
United States and Mexico over a four-year period.


    The NADBank will finance environmental infrastructure projects that 
have been certified by the U.S.-Mexican Border Environment Cooperation 
Commission (BECC), a new institution designed to assist border states 
and local communities in coordinating border clean-up. Communities on 
both sides of the border have long been plagued by problems such as raw 
sewage dumped in boundary waters, unsafe drinking water, and inadequate 
municipal waste disposal. Based on its paid-in and callable capital, the 
NADBank will be able to provide partial guarantees of private sector 
financing and borrow in capital markets to provide loans to help finance 
the projects certified by the BECC.


    In addition, 10 percent of the U.S. and Mexican shares of NADBank 
will be available for NAFTA-related community adjustment and investment 
in both countries, which need not be in the border region. The U.S. 
community adjustment program will offer financing directly and through 
existing federal credit programs, such as the Small Business 
Administration. An Advisory Committee, which includes low income 
community representatives and non-governmental organizations, helps 
ensure broad public participation in the community adjustment window of 
the NADBank.


    The 1997 request consists of $56.25 million in budget authority for 
paid-in capital subscription and $318.8 million in program limitations 
for callable capital subscription with respect to the U.S. subscription 
to NADBank initial capitalization.


                                

  Contribution to Bank for Economic Cooperation and Development in the 
                      Middle East and North Africa

                    For payment to the Bank for Economic Cooperation and 
            Development in the Middle East and North Africa by the 
            Secretary of the Treasury, for the United States share of 
            the paid-in portion of the capital stock, $52,500,000, to 
            remain available until expended.

              limitation on callable capital subscriptions

                    The United States Governor of the Bank for Economic 
            Cooperation and Development in the Middle East and North 
            Africa may subscribe

[[Page 84]]
            without fiscal year limitation to the callable capital 
            portion of the United States share of the capital stock of 
            the Bank for Economic Cooperation and Development in the 
            Middle East and North Africa in an amount not to exceed 
            $157,500,000.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1028-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        33.0)...........................                                  52
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                                  52
23.95 New obligations...................                                 -52
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................                                  52
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................                                  52
73.20 Total outlays (gross).............                                 -52
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority                                  52
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........                                  52
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                                  52
90.00 Outlays...........................                                  52
---------------------------------------------------------------------------

    The Bank for Economic Cooperation and Development in the Middle East 
and North Africa (MEDB) is a key element of the Middle East peace 
process. As the first major regional institution including Israel and 
her neighbors, the MEDB will lend at market-based rates to foster 
regional integration and private sector-led growth in the Middle East 
and North Africa.


    The MEDB has a three-fold mandate to: (1) support the private 
sector; (2) assist with the privatization of state-owned enterprises; 
and (3) support regional integration in particular through 
infrastructure projects. The Bank is chartered to work as a ``merchant 
bank,'' coordinating closely with private sources of finance and 
catalyzing additional investment into the region.


                                

Contribution to Enterprise for the Americas Multilateral Investment Fund

    For payment to the Enterprise for the Americas Multilateral 
Investment Fund by the Secretary of the Treasury, for the United States 
contribution to the Fund to be administered by the Inter-American 
Development Bank, [$53,750,000] $27,500,000; to remain available until 
expended. (Foreign Operations, Export Financing, and Related Programs 
Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0089-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        33.0)...........................          75          54          28
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          75          54          28
23.95 New obligations...................         -75         -54         -28
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          75          54          28
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation         163         217         227
73.10 New obligations...................          75          54          28
73.20 Total outlays (gross).............         -21         -43         -63
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation         217         227         192
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority           4           3           1
86.93 Outlays from current balances.....          17          40          61
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          21          43          63
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          75          54          28
90.00 Outlays...........................          21          43          63
---------------------------------------------------------------------------

    The Multilateral Investment Fund (MIF) is a component of the 
Enterprise for the Americas Initiative, a program to unlock the 
potential for domestic and foreign investment and encourage market-based 
capital flows. The MIF, administered by the Inter-American Development 
Bank, is a multilateral fund which provides grants and loans to support 
investment sector reforms. Special consideration is given to reforms 
that encourage private foreign direct investment and promote 
privatization. Grants and loans are used for technical assistance to 
identify and resolve investment constraints, for investment in human 
capital, and for business infrastructure and development.


    The 1997 request for the MIF is $27.5 million for partial payment of 
the fifth and final installment on the U.S. share of MIF resources.


                                

                International Organizations and Programs

    For necessary expenses to carry out the provisions of section 301 of 
the Foreign Assistance Act of 1961, and of section 2 of the United 
Nations Environment Program Participation Act of 1973, [$285,000,000] 
$325,000,000: Provided, That [none of the funds appropriated under this 
heading shall be made available for the United Nations Fund for Science 
and Technology: Provided further, That funds appropriated under this 
heading may be made available for the International Atomic Energy Agency 
only if the Secretary of State determines (and so reports to the 
Congress) that Israel is not being denied its right to participate in 
the activities of that Agency: Provided further, That none of the funds 
appropriated under this heading that are made available to the United 
Nations Population Fund (UNFPA) shall be made available for activities 
in the People's Republic of China: Provided further, That not more than 
$30,000,000 of the funds appropriated under this heading may be made 
available to the UNFPA: Provided further, That not more than one-half of 
this amount may be provided to UNFPA before March 1, 1996, and that no 
later than February 15, 1996, the Secretary of State shall submit a 
report to the Committees on Appropriations indicating the amount UNFPA 
is budgeting for the People's Republic of China in 1996: Provided 
further, That any amount UNFPA plans to spend in the People's Republic 
of China in 1996 above $7,000,000, shall be deducted from the amount of 
funds provided to UNFPA after March 1, 1996 pursuant to the previous 
provisos: Provided further, That with respect to any funds appropriated 
under this heading that are made available to UNFPA, UNFPA shall be 
required to maintain such funds in a separate account and not commingle 
them with any other funds: Provided further, That] notwithstanding any 
other provision of law, funds may be made available to the Korean 
Peninsula Energy Development Organization (KEDO) [for administrative 
expenses and heavy fuel oil costs associated with the Agreed Framework: 
Provided further, That no funds may be provided for KEDO for funding for 
administrative expenses and heavy fuel oil costs beyond the total amount 
included for KEDO in the fiscal year 1996 congressional presentation: 
Provided further, That no funds may be made available under this Act to 
KEDO unless the President determines and certifies in writing to the 
Committees on Appropriations that (a) in accordance with section 1 of 
the Agreed Framework, KEDO has designated a Republic of Korea company, 
corporation or entity for the purpose of negotiating a prime contract to 
carry out construction of the light water reactors provided for in the 
Agreed Framework;

[[Page 85]]
and (b) the Democratic People's Republic of Korea is maintaining the 
freeze on its nuclear facilities as required in the Agreed Framework; 
and (c) the United States is taking steps to assure that progress is 
made on (1) the North-South dialogue, including efforts to reduce 
barriers to trade and investment, such as removing restrictions on 
travel, telecommunications services and financial transactions; and (2) 
implementation of the January 1, 1992, Joint Declaration on the 
Denuclearization of the Korean Peninsula: Provided further, That a 
report on the specific efforts with regard to subsections (a), (b) and 
(c) of the preceding proviso shall be submitted by the President to the 
Committees on Appropriations six months after the date of enactment of 
this Act, and every six months thereafter]. (Foreign Operations, Export 
Financing, and Related Programs Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1005-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        41.0)...........................         359         285         325
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......         359         285         325
23.95 New obligations...................        -359        -285        -325
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................         374         285         325
40.75 Reduction pursuant to P.L. 104-50.         -15
                                           ---------   ---------  ----------

43.00   Appropriation (total)...........         359         285         325
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................         359         285         325
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation         246         107          84
73.10 New obligations...................         359         285         325
73.20 Total outlays (gross).............        -496        -308        -313
73.40 Adjustments in expired accounts...          -2
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation         107          84          96
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority         326         214         244
86.93 Outlays from current balances.....         170          94          71
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........         496         308         313
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         359         285         325
90.00 Outlays...........................         496         308         313
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1005-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          38          36          34
1251  Repayments: Repayments and 
        prepayments.....................          -2          -2          -2
                                           ---------   ---------  ----------

1290    Outstanding, end of year........          36          34          32
---------------------------------------------------------------------------

    In addition to its assessed payments, the United States contributes 
to voluntary funds of over 25 international organizations and programs 
involved in a wide range of sustainable development, humanitarian, and 
scientific activities. Any funds made available for UNFPA will not be 
used for activities in the People's Republic of China and will be 
maintained in a separate account and not commingled with any other 
funds.


                                

Credit accounts:

                           Debt Restructuring

    For the cost, as defined in section 502 of the Congressional Budget 
Act of 1974, of modifying direct loans and loan guarantees, as the 
President may determine, for which funds have been appropriated or 
otherwise made available for programs within the International Affairs 
Budget Function 150, including the cost of selling, reducing, or 
canceling amounts, through debt buybacks and swaps, owed to the United 
States as a result of concessional loans made to eligible Latin American 
and Caribbean countries, pursuant to part IV of the Foreign Assistance 
Act of 1961[, $10,000,000]; of modifying direct loans extended to least 
developed countries, as authorized under Title I of the Agricultural 
Trade Development and Assistance Act of 1954, as amended; and of 
modifying concessional loans authorized under Title I of the 
Agricultural Trade Development and Assistance Act of 1954, as amended, 
as authorized under subsection (a) under the heading, ``Debt Reduction 
for Jordan'' in Title VI of Public Law 103-306, $47,000,000, to remain 
available until expended. (Foreign Operations, Export Financing, and 
Related Programs Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0091-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
01.01 Debt Restructuring Subsidy: ``Debt 
        Reduction For the Poorest'' 
        Program.........................                      15          22
01.02 Jordan Debt Forgiveness...........         275                      25
01.03 Debt Restructuring Subsidy: Bosnia 
        and Herzegovina.................                       3
01.05 Reestimate of EAI Program Subsidy.                      26
01.06 Interest on EAI Reestimate........                       2
                                           ---------   ---------  ----------

10.00   Total obligations (object class 
          41.0).........................         275          46          47
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.90 Unobligated balance available, 
        start of year: Fund balance.....          11          15          11
22.00 New budget authority (gross)......         280          41          47
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......         291          56          58
23.95 New obligations...................        -275         -46         -47
24.90 Unobligated balance available, end 
        of year: Fund balance...........          15          11          11
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Current:

40.00   Appropriation...................         280          10          47
42.00   Transferred from other accounts.                       3
                                           ---------   ---------  ----------

43.00     Appropriation (total).........         280          13          47
      Permanent:

60.05   Appropriation (indefinite)......                      28
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................         280          41          47
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................         275          46          47
73.20 Total outlays (gross).............        -275         -46         -47
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority         275          13          47
86.93 Outlays from current balances.....                       5
86.97 Outlays from new permanent 
        authority.......................                      28
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........         275          46          47
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         280          41          47
90.00 Outlays...........................         275          46          47
---------------------------------------------------------------------------

    For the poorest and most heavily indebted countries, debt reduction 
will be undertaken in concert with the Paris Club of creditor nations to 
implement commitments made by G-7 heads of state at recent Economic 
Summits. The Administration anticipates that $22 million in 
appropriations will permit debt reduction under Naples Terms for 
qualifying countries. As part of the $22 million, the Administration 
will be seeking appropriations of $1.8 million, as well as the necessary 
authorization, to modify credits extended or guaranteed by the Commodity 
Credit Corporation for Honduras.


    For Jordan, $25 million would be needed for the third stage of debt 
forgiveness proposed as a result of the historic peace agreement signed 
between the Hashemite Kingdom of Jordan and the Government of Israel in 
1994. This request would further the commitment made by the United 
States to Jordan

[[Page 86]]
in support of these peace efforts. The face value to be forgiven stands 
at about $63 million.


    For Latin America and the Caribbean, the Administration proposes 
that debt reduction be effected at zero budget cost through buybacks and 
swaps of eligible debt, linked to commitment of local currency payments 
to support environment or child survival projects. The Administration 
will be seeking new authority for no-cost buybacks and swaps of P.L. 480 
debt, and the approval of the appropriators for this program.


    For debt reduction for the poorest countries, resulting cash flows 
have been recorded in the debt reduction financing accounts for the 
Export-Import Bank, the foreign military loans, and for the Agency for 
International Development. Appropriate adjustments have been made to 
these agencies' liquidating accounts. For Jordan debt forgiveness, 
appropriate adjustments have been recorded in P.L. 480 financing and 
liquidating accounts.


                                

                  Agency for International Development

                              Federal Funds

General and special funds:

                    sustainable development accounts

    For expenses necessary [to enable the President] to carry out [the 
provisions] sections 103-106 of the Foreign Assistance Act of 1961, [and 
for other purposes,] $1,006,000,000, to remain available until 
[September 30, 1996, unless otherwise specified herein, as follows] 
expended:

                  [Child Survival and Disease Programs]

    [Of the funds appropriated in title II of this Act, and under the 
heading ``International Organizations and Programs'' in title IV of this 
Act, not less than $484,000,000 shall be made available for programs for 
child survival, assistance to combat tropical and other diseases, and 
related activities: Provided, That this amount shall be made available 
for such activities as (1) immunization programs, (2) oral rehydration 
programs, (3) health and nutrition programs, and related education 
programs, which address the needs of mothers and children, (4) water and 
sanitation programs, (5) assistance for displaced and orphaned children, 
(6) programs for the prevention, treatment, and control of, and research 
on, tuberculosis, HIV/AIDS, polio, malaria and other diseases, and (7) a 
contribution on a grant basis to the United Nations Children's Fund 
(UNICEF).]

                        [development assistance]

                     [(including transfer of funds)]

    [For necessary expenses to carry out the provisions of sections 103 
through 106 and chapter 10 of part I of the Foreign Assistance Act of 
1961, title V of the International Security and Development Cooperation 
Act of 1980 (Public Law 96-533) and the provisions of section 401 of the 
Foreign Assistance Act of 1969, $1,675,000,000, to remain available 
until September 30, 1997: Provided, That of the amount appropriated 
under this heading, up to $20,000,000 may be made available for the 
Inter-American Foundation and shall be apportioned directly to that 
agency: Provided further, That of the amount appropriated under this 
heading, up to $11,500,000 may be made available for the African 
Development Foundation and shall be apportioned directly to that agency: 
Provided further, That of the funds appropriated under title II of this 
Act that are administered by the Agency for International Development 
and made available for family planning assistance, not less than 65 
percent shall be made available directly to the agency's central Office 
of Population and shall be programmed by that office for family planning 
activities: Provided further, That the President shall seek to ensure 
that funds made available under this heading for sub-Saharan Africa are 
in substantially the same proportion to the total amount appropriated 
and made available by this Act for development assistance as the 
proportion of funds made available for development assistance for sub-
Saharan Africa was to the total amount appropriated for development 
assistance in Public Law 103-306: Provided further, That up to 
$25,000,000 of the funds appropriated under this heading may be made 
available for necessary expenses to carry out the provisions of section 
667 of the Foreign Assistance Act: Provided further, That the President 
shall seek to ensure that the percentage of funds made available under 
this heading for the activities of private and voluntary organizations 
and cooperatives is at least equal to the percentage of funds made 
available pursuant to corresponding authorities in law for the 
activities of private and voluntary organizations and cooperatives in 
fiscal year 1995:] Provided [further], That none of the funds made 
available in this Act nor any unobligated balances from prior 
appropriations may be made available to any organization or program 
which, as determined by the President of the United States, supports or 
participates in the management of a program of coercive abortion or 
involuntary sterilization: Provided further, That none of the funds made 
available under this heading may be used to pay for the performance of 
abortion as a method of family planning or to motivate or coerce any 
person to practice abortions; and that in order to reduce reliance on 
abortion in developing nations, funds shall be available only to 
voluntary family planning projects which offer, either directly or 
through referral to, or information about access to, a broad range of 
family planning methods and services: Provided further, That in awarding 
grants for natural family planning under section 104 of the Foreign 
Assistance Act of 1961 no applicant shall be discriminated against 
because of such applicant's religious or conscientious commitment to 
offer only natural family planning; and, additionally, all such 
applicants shall comply with the requirements of the previous proviso: 
Provided further, That for purposes of this or any other Act authorizing 
or appropriating funds for foreign operations, export financing, and 
related programs, the term ``motivate'', as it relates to family 
planning assistance, shall not be construed to prohibit the provision, 
consistent with local law, of information or counseling about all 
pregnancy options: Provided further, That nothing in this paragraph 
shall be construed to alter any existing statutory prohibitions against 
abortion under section 104 of the Foreign Assistance Act of 1961[: 
Provided further, That, notwithstanding section 109 of the Foreign 
Assistance Act of 1961, of the funds appropriated under this heading not 
to exceed a total of $30,000,000 may be transferred to ``International 
Organizations and Programs'' for a contribution to the International 
Fund for Agricultural Development (IFAD), and that any such transfer of 
funds shall be subject to the regular notification procedures of the 
Committees on Appropriations: Provided further, That not less than 
$650,000 of the funds made available under this heading should be made 
available for support of the United States Telecommunications Training 
Institute].

                                [cyprus]

    [Of the funds appropriated under the headings ``Development 
Assistance'' and ``Economic Support Fund'', not less than $15,000,000 
shall be made available for Cyprus to be used only for scholarships, 
administrative support of the scholarship program, bicommunal projects, 
and measures aimed at reunification of the island and designed to reduce 
tensions and promote peace and cooperation between the two communities 
on Cyprus.]

                                 [burma]

    [Of the funds appropriated by this Act to carry out the provisions 
of chapter 8 of part I and chapter 4 of part II of the Foreign 
Assistance Act of 1961, not less than $2,380,000 shall be made available 
to support activities in Burma, along the Burma-Thailand border, and for 
activities of Burmese student groups and other organizations located 
outside Burma, for the purposes of fostering democracy in Burma, 
supporting the provision of medical supplies and other humanitarian 
assistance to Burmese located in Burma or displaced Burmese along the 
borders, and for other purposes: Provided, That of this amount, not less 
than $200,000 shall be made available to support newspapers, 
publications, and other media activities promoting democracy inside 
Burma: Provided further, That of this amount, not less than $380,000 
shall be made available for crop substitution activities in cooperation 
with the Kachin people of Burma: Provided further, That funds made 
available under this heading may be made available notwithstanding any 
other provision of law: Provided further, That provision of such funds 
shall be made available subject to the regular notification procedures 
of the Committees on Appropriations.]

                  [private and voluntary organizations]

    [None of the funds appropriated or otherwise made available by this 
Act for development assistance may be made available to any

[[Page 87]]
United States private and voluntary organization, except any cooperative 
development organization, which obtains less than 20 per centum of its 
total annual funding for international activities from sources other 
than the United States Government: Provided, That the requirements of 
the provisions of section 123(g) of the Foreign Assistance Act of 1961 
and the provisions on private and voluntary organizations in title II of 
the ``Foreign Assistance and Related Programs Appropriations Act, 1985'' 
(as enacted in Public Law 98-473) shall be superseded by the provisions 
of this section, except that the authority contained in the last 
sentence of section 123(g) may be exercised by the Administrator with 
regard to the requirements of this paragraph.]
    [Funds appropriated or otherwise made available under title II of 
this Act should be made available to private and voluntary organizations 
at a level which is equivalent to the level provided in fiscal year 
1995. Such private and voluntary organizations shall include those which 
operate on a not-for-profit basis, receive contributions from private 
sources, receive voluntary support from the public and are deemed to be 
among the most cost-effective and successful providers of development 
assistance.] (Foreign Operations, Export Financing, and Related Programs 
Appropriation Act, 1996.)

                    [International Fund for Ireland]

    [For necessary expenses to carry out the provisions of part I of the 
Foreign Assistance Act of 1961, up to $19,600,000, which shall be 
available for the United States contribution to the International Fund 
for Ireland and shall be made available in accordance with the 
provisions of the Anglo-Irish Agreement Support Act of 1986 (Public Law 
99-415): Provided, That such amount shall be expended at the minimum 
rate necessary to make timely payment for projects and activities: 
Provided further, That funds made available under this heading shall 
remain available until September 30, 1997.] (Foreign Operations, Export 
Financing, and Related Programs Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1021-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Functional development assistance.       1,311       1,754       1,006
                                           ---------   ---------  ----------

10.00   Total obligations...............       1,311       1,754       1,006
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................         155         110
22.00 New budget authority (gross)......       1,228       1,644       1,006
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          38
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......       1,421       1,754       1,006
23.95 New obligations...................      -1,311      -1,754      -1,006
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....         110
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Current:

40.00   Appropriation...................       1,303       1,644       1,006
40.35   Appropriation rescinded.........         -77
                                           ---------   ---------  ----------

43.00     Appropriation (total).........       1,226       1,644       1,006
      Permanent:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           2
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................       1,228       1,644       1,006
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation       1,697       1,510       2,071
73.10 New obligations...................       1,311       1,754       1,006
73.20 Total outlays (gross).............      -1,456      -1,193      -1,274
73.30 Obligated balance transferred, net          -3
73.40 Adjustments in expired accounts...          -1
73.45 Adjustments in unexpired accounts.         -38
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation       1,510       2,071       1,803
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority         100         116          86
86.93 Outlays from current balances.....       1,356       1,077       1,188
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........       1,456       1,193       1,274
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.45   Offsetting collections (cash) 
          from: Offsetting governmental 
          collections...................          -2
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       1,226       1,644       1,006
90.00 Outlays...........................       1,454       1,193       1,274
---------------------------------------------------------------------------

    Sustainable Development Assistance Program.--This program provides 
economic resources to developing countries with the aim of bringing the 
benefits of development to the poor. The program promotes broad-based, 
self-sustaining economic growth, supports initiatives intended to: 
stabilize population growth, protect the environment and foster 
increased democratic participation in developing countries. The program 
is concentrated in those areas in which the United States has special 
expertise and which promise the greatest opportunity for the poor to 
better their lives.


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1021-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

      Direct obligations:

22.0    Transportation of things........           3           4           3
23.1    Rental payments to GSA..........                       5
23.2    Rental payments to others.......                       4
25.1    Advisory and assistance services          72          85          57
25.2    Other services..................         213         246         166
25.3    Purchases of goods and services 
          from Government accounts......                      16
26.0    Supplies and materials..........           7          10           5
41.0    Grants, subsidies, and 
          contributions.................       1,013       1,384         775
                                           ---------   ---------  ----------

99.0      Subtotal, direct obligations..       1,308       1,754       1,006
41.0  Allocation Account--Direct 
        Obligations: Grants, subsidies, 
        and contributions...............           3
                                           ---------   ---------  ----------

99.9    Total obligations...............       1,311       1,754       1,006
---------------------------------------------------------------------------

                                

           Assistance for Eastern Europe and the Baltic States

    (a) For necessary expenses to carry out the provisions of the 
Foreign Assistance Act of 1961 and the Support for East European 
Democracy (SEED) Act of 1989, [$324,000,000] $475,000,000, to remain 
available until [September 30, 1997] expended, which shall be available, 
notwithstanding any other provision of law, for economic assistance and 
for related programs for Eastern Europe and the Baltic States.
    (b) Funds appropriated under this heading or in prior appropriations 
Acts that are or have been made available for an Enterprise Fund may be 
deposited by such Fund in interest-bearing accounts prior to the Fund's 
disbursement of such funds for program purposes. The Fund may retain for 
such program purposes any interest earned on such deposits without 
returning such interest to the Treasury of the United States and without 
further appropriation by the Congress. Funds made available for 
Enterprise Funds shall be expended at the minimum rate necessary to make 
timely payment for projects and activities.
    (c) Funds appropriated under this heading shall be considered to be 
economic assistance under the Foreign Assistance Act of 1961 for 
purposes of making available the administrative authorities contained in 
that Act for the use of economic assistance. (Foreign Operations, Export 
Financing, and Related Programs Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1010-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations.................         404         384         475
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................         113          63
                                                                 
[[Page 88]]

22.00 New budget authority (gross)......         349         321         475
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           5
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......         467         384         475
23.95 New obligations...................        -404        -384        -475
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....          63
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................         359         324         475
41.00 Transferred to other accounts.....         -10          -3
                                           ---------   ---------  ----------

43.00   Appropriation (total)...........         349         321         475
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................         349         321         475
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation         812         879         868
73.10 New obligations...................         404         384         475
73.20 Total outlays (gross).............        -332        -395        -379
73.45 Adjustments in unexpired accounts.          -5
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation         879         868         964
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          13          16          24
86.93 Outlays from current balances.....         319         379         355
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........         332         395         379
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         349         321         475
90.00 Outlays...........................         332         395         379
---------------------------------------------------------------------------

                 Summary of Budget Authority and Outlays

                        [In millions of dollars]

                                     1995 actual  1996 est.   1997 est.
Enacted/requested:
  Budget Authority..................         349         321         475
  Outlays...........................         332         395         379
Supplemental proposal:
  Budget Authority..................                     200
  Outlays...........................                      74         126
                                    ------------------------------------
Total:
  Budget Authority..................         349         521         475
  Outlays...........................         332         469         505
                                    ====================================


    This account provides funds to support democracy and economic 
restructuring in Central and Eastern European countries, including the 
new Baltic republics, consistent with the objectives of the Support for 
East European Democracy (SEED) Act. All SEED programs support one or 
more of the following strategic objectives: promoting broad-based 
economic growth (with an emphasis on privatization, legal and regulatory 
reform and support for the emerging private sector); encouraging 
democratic reforms; and improving the quality of life (including 
protecting the environment and providing humanitarian assistance). 


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1010-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

      Direct obligations:

11.8    Personnel compensation: Special 
          personal services payments....           2           2           2
21.0    Travel and transportation of 
          persons.......................           1           1           1
25.1    Advisory and assistance services          42          40          50
25.2    Other services..................         127         125         151
41.0    Grants, subsidies, and 
          contributions.................         222         216         271
                                           ---------   ---------  ----------

99.0      Subtotal, direct obligations..         394         384         475
41.0  Allocation Account--Direct 
        Obligations: Grants, subsidies, 
        and contributions...............          10
                                           ---------   ---------  ----------

99.9    Total obligations...............         404         384         475
---------------------------------------------------------------------------

                                

  Assistance for the New Independent States of the Former Soviet Union

    (a) For necessary expenses to carry out the provisions of chapter 11 
of part I of the Foreign Assistance Act of 1961 and the FREEDOM Support 
Act, for assistance for the new independent states of the former Soviet 
Union and for related programs, [$641,000,000] $640,000,000, to remain 
available until [September 30, 1997] expended: Provided, That the 
provisions of section 498B(j) of the Foreign Assistance Act of 1961 
shall apply to funds appropriated by this paragraph.
    [(b) None of the funds appropriated under this heading shall be 
transferred to the Government of Russia--]
        [(1) unless that Government is making progress in implementing 
    comprehensive economic reforms based on market principles, private 
    ownership, negotiating repayment of commercial debt, respect for 
    commercial contracts, and equitable treatment of foreign private 
    investment; and]
        [(2) if that Government applies or transfers United States 
    assistance to any entity for the purpose of expropriating or seizing 
    ownership or control of assets, investments, or ventures.]
    [(c) Funds may be furnished without regard to subsection (b) if the 
President determines that to do so is in the national interest.]
    [(d) None of the funds appropriated under this heading shall be made 
available to any government of the new independent states of the former 
Soviet Union if that government directs any action in violation of the 
territorial integrity or national sovereignty of any other new 
independent state, such as those violations included in the Helsinki 
Final Act: Provided, That such funds may be made available without 
regard to the restriction in this subsection if the President determines 
that to do so is in the national security interest of the United States: 
Provided further, That the restriction of this subsection shall not 
apply to the use of such funds for the provision of assistance for 
purposes of humanitarian, disaster and refugee relief.]
    [(e) None of the funds appropriated under this heading for the new 
independent states of the former Soviet Union shall be made available 
for any state to enhance its military capability: Provided, That this 
restriction does not apply to demilitarization or nonproliferation 
programs.]
    [(f) Funds appropriated under this heading shall be subject to the 
regular notification procedures of the Committees on Appropriations.]
    [(g) Funds made available in this Act for assistance to the new 
independent states of the former Soviet Union shall be subject to the 
provisions of section 117 (relating to environment and natural 
resources) of the Foreign Assistance Act of 1961.]
    [(h) Funds appropriated under this heading may be made available for 
assistance for Mongolia.]
    [(i) Funds made available in this Act for assistance to the new 
independent states of the former Soviet Union shall be provided to the 
maximum extent feasible through the private sector, including small- and 
medium-size businesses, entrepreneurs, and others with indigenous 
private enterprises in the region, intermediary development 
organizations committed to private enterprise, and private voluntary 
organizations: Provided, That grantees and contractors should, to the 
maximum extent possible, place in key staff positions specialists with 
prior on the ground expertise in the region of activity and fluency in 
one of the local languages.]
    [(j) In issuing new task orders, entering into contracts, or making 
grants, with funds appropriated under this heading or in prior 
appropriations Acts, for projects or activities that have as one of 
their primary purposes the fostering of private sector development, the 
Coordinator for United States Assistance to the New Independent States 
and the implementing agency shall encourage the participation of and 
give significant weight to contractors and grantees who propose 
investing a significant amount of their own resources (including 
volunteer services and in-kind contributions) in such projects and 
activities.]
    [(k) Of the funds made available under this heading, not less than 
$225,000,000 shall be made available for Ukraine, with the

[[Page 89]]
understanding that Ukraine will undertake significant economic reforms 
which are additional to those which were undertaken in previous fiscal 
years, and of which not less than $50,000,000 (from this or any other 
Act) shall be made available to improve energy self-sufficiency and 
improve safety at nuclear reactors, and of which $2,000,000 should be 
made available to conduct or implement an assessment of the energy 
distribution grid that provides recommendations leading to increased 
access to power by industrial, commercial and residential users, and of 
which not less than $22,000,000 shall be made available to support the 
development of small and medium enterprises, including independent 
broadcast and print media.]
    [(l) Of the funds made available under this heading, $5,000,000 
should be made available for a project to screen, diagnose, and treat 
victims of breast cancer associated with the 1985 incident at the 
Chernobyl reactor in Ukraine.]
    [(m) Of the funds made available by this Act, not less than 
$85,000,000 shall be made available for Armenia.]
    [(n) Of the funds made available by this or any other Act, 
$30,000,000 should be made available for Georgia.]
    [(o)(1) Effective ninety days after the date of enactment of this 
Act, none of the funds appropriated under this heading may be made 
available for Russia unless the President determines and certifies in 
writing to the Committees on Appropriations that the Government of 
Russia has terminated implementation of arrangements to provide Iran 
with technical expertise, training, technology, or equipment necessary 
to develop a nuclear reactor or related nuclear research facilities or 
programs.]
    [(2) Subparagraph (1) shall not apply if the President determines 
that making such funds available is important to the national security 
interest of the United States. Any such determination shall cease to be 
effective six months after being made unless the President determines 
that its continuation is important to the national security interest of 
the United States.]
    [(p) Of the funds appropriated under this heading, $20,000,000 
should be provided for hospital partnership programs, medical assistance 
to directly reduce the incidence of infectious diseases such as 
diphtheria or tuberculosis, and a program to reduce the adverse impact 
of contaminated drinking water.]
    [(q) Of the funds appropriated under this heading and under the 
heading ``Assistance for Eastern Europe and the Baltic States'', not 
less than $12,600,000 shall be made available for law enforcement 
training and exchanges, and investigative and technical assistance 
activities related to international criminal activities.]
    [(r) Support should be provided from funds appropriated under this 
heading for a ballot security project to promote public review by 
Russian citizens over the conduct of parliamentary and presidential 
elections in Russia: Provided, That the Secretary of State may waive 
this provision with regard to any election upon notification to the 
Committees on Appropriations that the Government of Russia has blocked 
implementation of a ballot security project.]
    [(s) Of the funds appropriated under this heading, not less than 
$50,000,000 should be provided to the Western NIS and Central Asian 
Enterprise Funds: Provided, That obligation of these funds shall be 
consistent with sound business practices.]
    [(t) The President shall establish a Trans-Caucasus Enterprise Fund 
to encourage regional peace through economic cooperation: Provided, That 
the President shall seek other bilateral and multilateral investors in 
the Fund: Provided further, That of the funds made available under this 
heading, not less than $15,000,000 shall be made available for a United 
States investment in the Trans-Caucasus Enterprise Fund.]
    [(u)] (b) Funds appropriated under this heading or in prior 
appropriations Acts that are or have been made available for an 
Enterprise Fund may be deposited by such Fund in interest-bearing 
accounts prior to the disbursement of such funds by the Fund for program 
purposes. The Fund may retain for such program proposes any interest 
earned on such deposits without returning such interest to the Treasury 
of the United States and without further appropriation by the Congress. 
Funds made available for Enterprise Funds shall be expended at the 
minimum rate necessary to make timely payment for projects and 
activities.
    [(v) Section 5421(d)(3)(B) of title 22, United States Code, is 
amended by adding at the end thereof the following: ``: Provided, That, 
as to Enterprise Funds established with respect to more than one host 
country, such Enterprise Fund may, in lieu of the appointment of 
citizens of the host countries to its Board of Directors, establish an 
advisory council for the host region comprised of citizens of each of 
the host countries or establish separate advisory councils for each of 
the host countries (hereinafter in this section referred to as the 
`Advisory Councils'), with which the Enterprise Fund's policies and 
proposed activities and such host country citizens shall satisfy the 
experience and expertise requirements of this clause.''.]
    [(w)] (c) Notwithstanding any other provision of law, assistance may 
be provided for the Government of Azerbaijan for humanitarian purposes, 
if the President determines that humanitarian assistance provided in 
Azerbaijan through nongovernmental organizations is not adequately 
addressing the suffering of refugees and internally displaced persons. 
(Foreign Operations, Export Financing, and Related Programs 
Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1093-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations.................         731         820         600
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................         308         232
22.00 New budget authority (gross)......         612         588         600
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          43
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......         963         820         600
23.95 New obligations...................        -731        -820        -600
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....         232
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Current:

40.00   Appropriation...................         850         641         640
40.35   Appropriation rescinded.........         -32
41.00   Transferred to other accounts...        -213         -53         -40
                                           ---------   ---------  ----------

43.00     Appropriation (total).........         605         588         600
      Permanent:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           7
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................         612         588         600
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation       1,538       1,390       1,463
73.10 New obligations...................         731         820         600
73.20 Total outlays (gross).............        -837        -747        -721
73.45 Adjustments in unexpired accounts.         -43
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation       1,390       1,463       1,342
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          95          50          51
86.93 Outlays from current balances.....         735         697         670
86.97 Outlays from new permanent 
        authority.......................           7
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........         837         747         721
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.45   Offsetting collections (cash) 
          from: Offsetting governmental 
          collections...................          -7
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         605         588         600
90.00 Outlays...........................         830         747         721
---------------------------------------------------------------------------

    This account provides funds for a program of assistance to the 
independent states that emerged from the former Soviet Union. These 
funds support U.S. foreign policy goals of consolidating improved U.S. 
security; building a lasting partnership with the New Independent 
States; and providing access to each other's markets, resources, and 
expertise.


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1093-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

      Direct obligations:

11.8    Personnel compensation: Special 
          personal services payments....           4           4           4
                                                                 
[[Page 90]]

21.0    Travel and transportation of 
          persons.......................           1           1           1
25.1    Advisory and assistance services          82          94          55
25.2    Other services..................         234         270         240
26.0    Supplies and materials..........           2           2
31.0    Equipment.......................           1           1
41.0    Grants, subsidies, and 
          contributions.................         375         448         300
                                           ---------   ---------  ----------

99.0      Subtotal, direct obligations..         699         820         600
41.0  Allocation Account--Direct 
        Obligations: Grants, subsidies, 
        and contributions...............          32
                                           ---------   ---------  ----------

99.9    Total obligations...............         731         820         600
---------------------------------------------------------------------------

                                

                       Development Fund for Africa

                    For necessary expenses to carry out the provisions 
            of chapter 10 of part I of the Foreign Assistance Act of 
            1961, $704,000,000, to remain available until expended: 
            Provided, That notwithstanding section 496(n)(2) of the 
            Foreign Assistance Act of 1961, the transfer authority in 
            section 109 of the Foreign Assistance Act may be used to 
            transfer funds made available by this Act between the 
            ``Development Fund for Africa'' and ``Sustainable 
            Development Assistance'' accounts.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1014-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Development Grants................         828         141         704
                                           ---------   ---------  ----------

10.00   Total obligations...............         828         141         704
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................          85         141
22.00 New budget authority (gross)......         781                     704
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................         103
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......         969         141         704
23.95 New obligations...................        -828        -141        -704
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....         141
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................         802                     704
40.35 Appropriation rescinded...........         -21
                                           ---------   ---------  ----------

43.00   Appropriation (total)...........         781                     704
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................         781                     704
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation       1,921       1,892       1,369
73.10 New obligations...................         828         141         704
73.20 Total outlays (gross).............        -754        -664        -507
73.45 Adjustments in unexpired accounts.        -103
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation       1,892       1,369       1,566
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          20                      35
86.93 Outlays from current balances.....         734         664         472
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........         754         664         507
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         781                     704
90.00 Outlays...........................         754         664         507
---------------------------------------------------------------------------

    The Development Fund for Africa account provides development 
assistance to sub-Saharan African countries. This account is designed to 
enhance the Agency for International Development's (USAID's) 
effectiveness in meeting Africa's development requirements. These 
resources finance both project and non-project assistance to address 
shared development program and policy objectives in reform-oriented 
African countries. These funds also support initiatives intended to 
promote economic growth, stabilize population growth, protect the 
environment and foster increased democratic participation.


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1014-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
25.1  Advisory and assistance services..          22           4          19
25.2  Other services....................          67          11          57
26.0  Supplies and materials............           4           1           3
41.0  Grants, subsidies, and 
        contributions...................         735         125         625
                                           ---------   ---------  ----------

99.9    Total obligations...............         828         141         704
---------------------------------------------------------------------------

                                

                        Sahel Development Program

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1012-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Development Grants................           1           1
                                           ---------   ---------  ----------

10.00   Total obligations (object class 
          41.0).........................           1           1
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................           2           1
22.00 New budget authority (gross)......
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......           2           1
23.95 New obligations...................          -1          -1
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....           1
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          16          12           8
73.10 New obligations...................           1           1
73.20 Total outlays (gross).............          -4          -5          -4
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          12           8           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from current balances.....           4           5           4
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........           4           5           4
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................           4           5           4
---------------------------------------------------------------------------

    The Sahel Development account provided assistance to African 
countries.


                                

                  American Schools and Hospitals Abroad

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1013-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    New budget authority (gross), detail:
70.00 Total new budget authority (gross)
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          32          19          10
73.10 New obligations...................
73.20 Total outlays (gross).............         -12          -9          -4
73.40 Adjustments in expired accounts...          -1
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          19          10           6
----------------------------------------------------------------------------

[[Page 91]]


    Outlays (gross), detail:
86.93 Outlays from current balances.....          12           9           4
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          12           9           4
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................          12           9           4
---------------------------------------------------------------------------

    Funding for American Schools and Hospitals Abroad as a separate 
account ceased in 1994. Financing of key institutions that meet 
important foreign policy and developmental criteria will be done within 
the regular economic and development assistance accounts.


                                

                 Sub-Saharan Africa Disaster Assistance

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1040-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......
----------------------------------------------------------------------------

    New budget authority (gross), detail:
70.00 Total new budget authority (gross)
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          24          14           8
73.10 New obligations...................
73.20 Total outlays (gross).............         -10          -6          -6
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          14           8           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from current balances.....          10           6           6
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          10           6           6
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................          10           6           6
---------------------------------------------------------------------------

    In 1993 this account provided funding for timely relief, 
rehabilitation and reconstruction for disasters in Africa. Since 1994 
these activities have been funded under the International Disaster 
Assistance Program.


                                

                    International Disaster Assistance

    For necessary expenses for international disaster relief, 
rehabilitation, and reconstruction assistance pursuant to section 491 of 
the Foreign Assistance Act of 1961, as amended, [$181,000,000] 
$190,000,000, to remain available until expended.

           [humanitarian assistance to the former yugoslavia]

    [Of the funds appropriated in title II of this Act, $40,000,000 
should be available only for emergency humanitarian assistance to the 
former Yugoslavia, of which amount not less than $6,000,000 shall be 
available only for humanitarian assistance to Kosova.] (Foreign 
Operations, Export Financing, and Related Programs Appropriation Act, 
1996.).

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1035-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program....................         205         204         190
                                           ---------   ---------  ----------

10.00   Total obligations...............         205         204         190
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................          32          23
22.00 New budget authority (gross)......         191         181         190
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           6
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......         229         204         190
23.95 New obligations...................        -205        -204        -190
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....          23
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Current:

40.00   Appropriation...................         170         181         190
      Permanent:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).          21
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................         191         181         190
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation         135         213         289
73.10 New obligations...................         205         204         190
73.20 Total outlays (gross).............        -121        -129        -162
73.45 Adjustments in unexpired accounts.          -6
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation         213         289         317
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          23          45          48
86.93 Outlays from current balances.....          98          84         114
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........         121         129         162
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.45   Offsetting collections (cash) 
          from: Offsetting governmental 
          collections...................         -21
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         170         181         190
90.00 Outlays...........................         101         129         162
---------------------------------------------------------------------------

    Funds for the International Disaster Assistance Program provide 
relief, rehabilitation, and reconstruction assistance to foreign 
countries struck by disasters such as famines, floods, hurricanes and 
earthquakes, and support assistance in disaster preparedness, prevention 
and mitigation as well as the longer term recovery efforts managed by 
the Office of Transition Initiatives. It also includes assistance for 
rehabilitation and resettlement of displaced Kurds in Northern Iraq 
assisted prior to FY 1996 under ``Operation Provide Comfort'' funded by 
the Department of Defense.


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1035-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
11.8  Personnel compensation: Special 
        personal services payments......           4           4           4
21.0  Travel and transportation of 
        persons.........................           1           1           1
22.0  Transportation of things..........           8           8           7
23.3  Communications, utilities, and 
        miscellaneous charges...........           1           1           1
25.1  Advisory and assistance services..           4           4           4
25.2  Other services....................           8           8           7
26.0  Supplies and materials............           7           7           6
31.0  Equipment.........................           1           1
41.0  Grants, subsidies, and 
        contributions...................         171         170         160
                                           ---------   ---------  ----------

99.9    Total obligations...............         205         204         190
---------------------------------------------------------------------------

                                

     Operating Expenses of the Agency for International Development

    For necessary expenses to carry out the provisions of section 667, 
[$465,750,000: Provided, That of this amount not more than $1,475,000 
may be made available to pay for printing costs: Provided further, That 
none of the funds appropriated by this Act for programs administered by 
the Agency for International Development (AID) may be used to finance 
printing costs of any report or study (except feasibility, design, or 
evaluation reports or studies) in excess of $25,000 without the approval 
of the Administrator of the Agency or the Administrator's designee: 
Provided further, That notwithstanding any other provision of law, none 
of the funds appropriated or otherwise made available by this Act may be 
made available for expenses nec

[[Page 92]]
essary to relocate the Agency for International Development, or any part 
of that agency, to the building at the Federal Triangle in Washington, 
District of Columbia] $495,000,000, to remain available until expended. 
(Foreign Operations, Export Financing, and Related Programs 
Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1000-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program....................         521         491         501
00.02 Direct Obligations--Accrued 
        Separation Liability TF.........           2           2           3
00.03 Reimbursable program..............           8           6           6
                                           ---------   ---------  ----------

10.00   Total obligations...............         531         499         510
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................          22          27           9
22.00 New budget authority (gross)......         521         472         501
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          16           9           9
22.30 Unobligated balance expiring......          -1
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......         558         508         519
23.95 New obligations...................        -531        -499        -510
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....          27           9           9
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Current:

40.00   Appropriation...................         518         466         495
40.35   Appropriation rescinded.........          -6
                                           ---------   ---------  ----------

43.00     Appropriation (total).........         512         466         495
50.00   Reappropriation.................           2
      Permanent:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           8           6           6
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................         521         472         501
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation         166         177         185
73.10 New obligations...................         531         499         510
73.20 Total outlays (gross).............        -503        -482        -489
73.45 Adjustments in unexpired accounts.         -16          -9          -9
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation         177         185         197
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority         378         345         366
86.93 Outlays from current balances.....         117         131         117
86.97 Outlays from new permanent 
        authority.......................           8           6           6
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........         503         482         489
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -8          -6          -6
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         513         466         495
90.00 Outlays...........................         496         476         483
---------------------------------------------------------------------------

    These funds cover the appropriated dollar costs of managing Agency 
for International Development (USAID) programs, including salaries and 
other expenses of direct hire personnel. USAID currently maintains 
resident staff in more than 80 foreign countries as well as a 
headquarters in Washington which supports field programs and manages 
regional and worldwide activities. 


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1000-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........         180         175         164
11.3      Other than full-time permanent           6           6           5
11.5      Other personnel compensation..           9           9           9
11.8      Special personal services 
            payments....................          46          48          49
                                           ---------   ---------  ----------

11.9        Total personnel compensation         241         238         227
12.1    Civilian personnel benefits.....          54          53          52
21.0    Travel and transportation of 
          persons.......................          23          26          28
22.0    Transportation of things........          12          11          13
23.1    Rental payments to GSA..........           8           3          23
23.2    Rental payments to others.......          37          33          31
23.3    Communications, utilities, and 
          miscellaneous charges.........          16          20          18
24.0    Printing and reproduction.......           1           1           1
25.1    Advisory and assistance services           2           2           2
25.2    Other services..................          49          46          42
25.3    Purchases of goods and services 
          from Government accounts......          21           5          20
25.4    Operation and maintenance of 
          facilities....................           6           5           5
25.7    Operation and maintenance of 
          equipment.....................          12          15          12
25.8    Subsistence and support of 
          persons.......................                                   1
26.0    Supplies and materials..........           9           7           7
31.0    Equipment.......................          29          20          18
32.0    Land and structures.............           1           4           1
41.0    Grants, subsidies, and 
          contributions.................           1           1           1
42.0    Insurance claims and indemnities           1           1           1
                                           ---------   ---------  ----------

99.0      Subtotal, direct obligations..         523         491         503
99.0  Reimbursable obligations..........           6           6           6
99.5  Below reporting threshold.........           2           2           1
                                           ---------   ---------  ----------

99.9    Total obligations...............         531         499         510
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 72-1000-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Direct:
      Total compensable workyears:

1001    Full-time equivalent employment.       3,328       3,152       2,843
1005    Full-time equivalent of overtime 
          and holiday hours.............          17          16          14
1011    Exempt Full-time equivalent 
          employment....................          32          32          32
    Reimbursable:
2001  Total compensable workyears: Full-
        time equivalent employment......          10           6           5
---------------------------------------------------------------------------

                                

      Payment to the Foreign Service Retirement and Disability Fund

    For payment to the ``Foreign Service Retirement and Disability 
Fund'', as authorized by the Foreign Service Act of 1980, [$43,914,000] 
$43,826,000. (Foreign Operations, Export Financing, and Related Programs 
Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1036-0-1-153      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        33.0)...........................          45          44          44
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          45          44          44
23.95 New obligations...................         -45         -44         -44
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          45          44          44
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................          45          44          44
73.20 Total outlays (gross).............         -45         -44         -44
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          45          44          44
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          45          44          44
----------------------------------------------------------------------------

[[Page 93]]


    Net budget authority and outlays:
89.00 Budget authority..................          45          44          44
90.00 Outlays...........................          45          44          44
---------------------------------------------------------------------------

    The appropriation requested is to finance the 1996 installment of 
the unfunded liability created by the addition of the Agency for 
International Development (USAID). Foreign Service personnel to the 
foreign service retirement system and by subsequent salary increases and 
changes in legislation affecting benefits.


                                

Operating Expenses of the Agency for International Development Office of 
                            Inspector General

    For necessary expenses to carry out the provisions of section 667, 
[$30,200,000] $30,000,000, to remain available until [September 30, 
1997] expended, which sum shall be available for the Office of the 
Inspector General of the Agency for International Development. (Foreign 
Operations, Export Financing, and Related Programs Appropriation Act, 
1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1007-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program....................          36          30          30
                                           ---------   ---------  ----------

10.00   Total obligations...............          36          30          30
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................           4           8           8
22.00 New budget authority (gross)......          39          30          30
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           4
22.30 Unobligated balance expiring......          -3
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......          44          38          38
23.95 New obligations...................         -36         -30         -30
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....           8           8           8
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          39          30          30
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          17          12          12
73.10 New obligations...................          36          30          30
73.20 Total outlays (gross).............         -36         -30         -30
73.40 Adjustments in expired accounts...          -1
73.45 Adjustments in unexpired accounts.          -4
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          12          12          12
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          28          21          21
86.93 Outlays from current balances.....           8           8           8
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          36          30          30
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          39          30          30
90.00 Outlays...........................          36          30          30
---------------------------------------------------------------------------

    The funds cover the costs of operations of the Office of the 
Inspector General, Agency for International Development, and include 
salaries, expenses, and support costs of the Inspector General's 
personnel as well as costs associated with providing for the physical 
security of Agency personnel at overseas missions. 


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1007-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............          14          14          15
11.8    Special personal services 
          payments......................           3           2           2
                                           ---------   ---------  ----------

11.9      Total personnel compensation..          17          16          17
12.1  Civilian personnel benefits.......           4           4           4
21.0  Travel and transportation of 
        persons.........................           3           2           1
22.0  Transportation of things..........           1           1           1
23.1  Rental payments to GSA............           1           1           1
23.2  Rental payments to others.........           2           2           2
25.2  Other services....................           4           1           1
25.7  Operation and maintenance of 
        equipment.......................           1           1           1
31.0  Equipment.........................           2           1           1
99.5  Below reporting threshold.........           1           1           1
                                           ---------   ---------  ----------

99.9    Total obligations...............          36          30          30
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 72-1007-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Total compensable workyears:
1001  Full-time equivalent employment...         225         234         230
1005  Full-time equivalent of overtime 
        and holiday hours...............           1           1           1
---------------------------------------------------------------------------

                                

Public enterprise funds:

                        Property Management Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4175-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................           2           2           7
22.00 New budget authority (gross)......                       5
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......                       7           7
23.95 New obligations...................
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....           2           7           7
----------------------------------------------------------------------------

    New budget authority (gross), detail:
68.00 Spending authority from offsetting 
        collections (gross): Offsetting 
        collections (cash)..............                       5
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation           2           1
73.10 New obligations...................
73.20 Total outlays (gross).............           1
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation           1
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total outlays (gross).............          -1
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....                      -5
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................           1          -5
---------------------------------------------------------------------------

    This Fund, as authorized by Public Law 101-513, is maintained for 
the deposit of proceeds from the sale of overseas property acquired by 
the Agency for International Development (USAID). The proceeds are 
available to construct or otherwise acquire outside the United States 
(1) essential living quarters, office space, and necessary supporting 
facilities for use of USAID personnel, and (2) schools (including 
dormitories and boarding facilities) and hospitals for use of USAID 
personnel, U.S. Government personnel, and their dependents. In addition, 
the proceeds may be used to equip, staff, operate, and maintain such 
schools and hospitals.


                                

[[Page 94]]


Intragovernmental funds:

             Advance Acquisition of Property--Revolving Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4590-0-4-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.90 Unobligated balance available, 
        start of year: Fund balance.....           2           2           2
22.00 New budget authority (gross)......
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......           2           2           2
23.95 New obligations...................
24.90 Unobligated balance available, end 
        of year: Fund balance...........           2           2           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total outlays (gross).............
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    A revolving fund to finance the acquisition and rehabilitation at 
minimal cost of U.S. Government-owned excess property for purchase by 
friendly countries and eligible organizations, for use in conjunction 
with economic development programs. Excess property, most of it obtained 
from the Department of Defense, includes heavy construction equipment, 
vehicles, heavy machinery, electrical generating equipment, and medical 
equipment and supplies. The program is self-financed from service fees 
and reimbursements by equipment purchasers ultimately funded from 
development assistance appropriations to the Agency for International 
Development.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4590-0-4-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................           2              2             2              2
                                        ------------ --------------  ------------  -------------
1999    Total assets....................           2              2             2              2
    NET POSITION:
3300  Cumulative results of operations..           2              2             2              2
                                        ------------ --------------  ------------  -------------
3999    Total net position..............           2              2             2              2
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position           2              2             2              2
-----------------------------------------------------------------------------------------------

                                

 Assistance for the New Independent States of the Former Soviet Union: 
             Ukraine Export Credit Insurance Program Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0402-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Administrative expenses...........           1
00.02 Guaranty Loan Subsidy.............                      16
                                           ---------   ---------  ----------

10.00   Total obligations...............           1          16
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.90 Unobligated balance available, 
        start of year: Fund balance.....                      16
22.00 New budget authority (gross)......          17
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......          17          16
23.95 New obligations...................          -1         -16
24.90 Unobligated balance available, end 
        of year: Fund balance...........          16
----------------------------------------------------------------------------

    New budget authority (gross), detail:
42.00 Transferred from other accounts...          17
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation                       1           2
73.10 New obligations...................           1          16
73.20 Total outlays (gross).............                     -15          -2
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation           1           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from current balances.....                      15           2
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........                      15           2
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          17
90.00 Outlays...........................                      15           2
---------------------------------------------------------------------------

    This program provides U.S. exporters with trade credit insurance to 
finance exports of U.S. agricultural supplies and inputs to Ukraine.


Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in 
                            millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0402-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Guaranteed loan levels supportable by subsidy 
                budget authority:
2150  Loan guarantee levels.............                     106
                                           ---------   ---------  ----------

2159    Total loan guarantee levels.....                     106
    Guaranteed loan subsidy (in percent):
2320  Subsidy rate......................                   14.71        0.00
                                           ---------   ---------  ----------

2329    Weighted average subsidy rate...                   14.71        0.00
    Guaranteed loan subsidy budget authority:
2330  Subsidy budget authority..........                      16
                                           ---------   ---------  ----------

2339    Total subsidy budget authority..                      16
    Guaranteed loan subsidy outlays:
2340  Subsidy outlays...................                      14           2
                                           ---------   ---------  ----------

2349    Total subsidy outlays...........                      14           2
---------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0402-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
25.1  Advisory and assistance services..           1
41.0  Grants, subsidies, and 
        contributions...................                      16
                                           ---------   ---------  ----------

99.9    Total obligations...............           1          16
---------------------------------------------------------------------------

                                

 Assistance for the New Independent States of the Former Soviet Union: 
           Ukraine Export Credit Insurance Financing Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4345-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Default claims....................                                   8
                                           ---------   ---------  ----------

10.00   Total obligations...............                                   8
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.90 Unobligated balance available, 
        start of year: Fund balance.....                                  17
22.00 New financing authority (gross)...                      17           4
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......                      17          21
23.95 New obligations...................                                  -8
24.90 Unobligated balance available, end 
        of year: Fund balance...........                      17          13
----------------------------------------------------------------------------

    New financing authority (gross), detail:
68.00 Spending authority from offsetting 
        collections (gross): Offsetting 
        collections (cash)..............                      17           4
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................                                   8
                                                                 
[[Page 95]]

73.20 Total financing disbursements 
        (gross).........................                                  -8
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................                                   8
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............                     -14          -2
88.25     Interest on uninvested funds..                                  -1
88.40     Non-Federal sources...........                      -3          -1
                                           ---------   ---------  ----------

88.90       Total, offsetting 
              collections (cash)........                     -17          -4
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........                     -17           4
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4345-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2131  Guaranteed loan commitments exempt 
        from limitation.................                     106
                                           ---------   ---------  ----------

2150    Total guaranteed loan 
          commitments...................                     106
2199  Guaranteed amount of guaranteed 
        loan commitments................                     106
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........                                  90
2231  Disbursements of new guaranteed 
        loans...........................                      90          16
2251  Repayments and prepayments........                                 -43
2261  Adjustments: Terminations for 
        default that result in loans 
        receivable......................                                  -8
                                           ---------   ---------  ----------

2290    Outstanding, end of year........                      90          55
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..                      90          55
----------------------------------------------------------------------------

    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......
2331    Disbursements for guaranteed 
          loan claims...................                                   8
                                           ---------   ---------  ----------

2390      Outstanding, end of year......                                   8
---------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4345-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................                                       17             13
      Net value of assets related to 
          post-1991 acquired defaulted 
          guaranteed loans receivable:

1501    Defaulted guaranteed loans 
          receivable, gross.............                                                       8
                                        ------------ --------------  ------------  -------------
1599      Net present value of assets 
            related to defaulted 
            guaranteed loans............                                                       8
                                        ------------ --------------  ------------  -------------
1999    Total assets....................                                       17             21
    LIABILITIES:
2204  Non-Federal liabilities: 
        Liabilities for loan guarantees.                                       17             13
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............                                       17             13
    NET POSITION:
3300  Cumulative results of operations..                                                       8
                                        ------------ --------------  ------------  -------------
3999    Total net position..............                                                       8
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position                                       17             21
-----------------------------------------------------------------------------------------------

                    debt reduction, financing account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4137-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Payment to liquidating acct-HG 
        debt............................                      17           6
00.02 Interest on Treasury borrowing-EAI 
        debt............................          22          23          15
00.12 Interest on Treasury borrowing--HG 
        debt............................                       1           1
                                           ---------   ---------  ----------

10.00   Total obligations...............          22          41          22
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.90 Unobligated balance available, 
        start of year: Fund balance.....          -7          49
22.00 New financing authority (gross)...          78          41          22
22.60 Redemption of debt................                     -47
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......          71          43          22
23.95 New obligations...................         -22         -41         -22
24.90 Unobligated balance available, end 
        of year: Fund balance...........          49
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Authority to borrow (indefinite):

67.15   Authority to borrow 
          (indefinite)-EAI debt.........          20
67.15   Authority to borrow 
          (indefinite)-HG debt..........                      13           5
                                           ---------   ---------  ----------

67.90   Authority to borrow (total).....          20          13           5
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...          58          90          57
68.47   Portion applied to debt 
          reduction.....................                     -62         -40
                                           ---------   ---------  ----------

68.90     Spending authority from 
            offsetting collections 
            (total).....................          58          28          17
                                           ---------   ---------  ----------

70.00   Total new financing authority 
          (gross).......................          78          41          22
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................          22          41          22
73.20 Total financing disbursements 
        (gross).........................         -22         -41         -22
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................          22          41          22
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
          Federal sources:
88.00       Federal sources-EAI 
              reestimate................                     -28
88.00       Federal sources-HG 
              restructuring.............                      -4          -1
          Interest on uninvested funds:
88.25       Interest on uninvested 
              funds-EAI debt............                      -3          -2
88.25       Interest on uninvested 
              funds-HG debt.............                      -1          -1
88.40     Repayments of principal-EAI 
            debt........................         -58         -54         -53
                                           ---------   ---------  ----------

88.90       Total, offsetting 
              collections (cash)........         -58         -90         -57
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............          20         -49         -35
90.00 Financing disbursements...........         -36         -49         -35
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4137-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........         500         453         447
1233  Disbursements: Purchase of loans 
        assets from a liquidating 
        account.........................                      51          47
1251  Repayments: Repayments and 
        prepayments.....................         -47         -54         -53
1263  Write-offs for default: Direct 
        loans...........................                      -3          -4
                                           ---------   ---------  ----------

1290    Outstanding, end of year........         453         447         437
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from restructuring loans administered by the Agency for 
International Development.

[[Page 96]]


                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4137-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....                         45
        Investments in US securities:
          Receivables, net:
1106        Receivables, net from 
              program account...........          28
1106        Interest receivable--
              Treasury..................                          2
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

        Direct loans receivable, gross:
1401      Direct loans receivable, 
            gross-EAI...................         500            453           396            339
1401      Direct loans receivable, 
            gross-HG....................                                       51             98
        Allowance for subsidy cost (-):
1405      Allowance for subsidy cost 
            (-)-EAI.....................        -210           -187          -167           -153
1405      Allowance for subsidy cost 
            (-)-HG......................                                       -4             -5
                                        ------------ --------------  ------------  -------------
1499      Net present value of assets 
            related to direct loans.....         290            266           276            279
                                        ------------ --------------  ------------  -------------
1999    Total assets....................         318            313           276            279
    LIABILITIES:
      Federal liabilities:

2101    Accounts payable................         318
        Debt:
2103      Debt-EAI......................                        313           229            186
2103      Debt-HG.......................                                       47             93
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............         318            313           276            279
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position         318            313           276            279
-----------------------------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4137-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
41.0  Grants, subsidies, and 
        contributions...................                      17           6
43.0  Interest and dividends............          22          24          16
                                           ---------   ---------  ----------

99.9    Total obligations...............          22          41          22
---------------------------------------------------------------------------

                                

               Loan Guarantee to Israel Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4119-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.90 Unobligated balance available, 
        start of year: Fund balance.....         172         242         351
22.00 New financing authority (gross)...          70         109         117
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......         242         351         468
24.90 Unobligated balance available, end 
        of year: Fund balance...........         242         351         468
----------------------------------------------------------------------------

    New financing authority (gross), detail:
68.00 Spending authority from offsetting 
        collections (gross): Offsetting 
        collections (cash)..............          70         109         117
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.25     Interest on uninvested funds..         -14         -22         -27
88.40     Non-Federal sources: Fees and 
            premiums....................         -56         -87         -90
                                           ---------   ---------  ----------

88.90       Total, offsetting 
              collections (cash)........         -70        -109        -117
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........         -70        -109        -117
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4119-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........       2,000       2,000       2,000
2112  Uncommitted loan guarantee 
        limitation......................
                                           ---------   ---------  ----------

2150    Total guaranteed loan 
          commitments...................       2,000       2,000       2,000
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........       3,563       5,346       7,286
2231  Disbursements of new guaranteed 
        loans...........................       1,783       1,940       2,000
                                           ---------   ---------  ----------

2290    Outstanding, end of year........       5,346       7,286       9,286
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..       5,346       7,286       9,286
---------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4119-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................         172            242           351            468
                                        ------------ --------------  ------------  -------------
1999    Total assets....................         172            242           351            468
    LIABILITIES:
2204  Non-Federal liabilities: Estimated 
        Federal liability for loan 
        guarantees, credit reform.......         172            242           351            468
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............         172            242           351            468
-----------------------------------------------------------------------------------------------

                                

                    Housing Guaranty Program Account

    For the cost, as defined in section 502 of the Congressional Budget 
Act of 1974, of guaranteed loans authorized by sections 221 and 222 of 
the Foreign Assistance Act of 1961, [$4,000,000] $5,000,000, to remain 
available until [September 30, 1997] expended: Provided, That these 
funds are available to subsidize loan principal, 100 percent of which 
shall be guaranteed, pursuant to the authority of such sections. In 
addition, for administrative expenses to carry out guaranteed loan 
programs, [$7,000,000] $6,000,000, to remain available until expended, 
all of which may be transferred to and merged with the appropriation for 
Operating Expenses of the Agency for International Development: Provided 
further, That commitments to guarantee loans under this heading may be 
entered into notwithstanding the second and third sentences of section 
222(a) and, with regard to programs for Eastern Europe and programs for 
the benefit of South Africans disadvantaged by apartheid, section 223(j) 
of the Foreign Assistance Act of 1961: Provided further, That none of 
the funds appropriated under this heading shall be obligated except 
through the regular notification procedures of the Committees on 
Appropriations. (Foreign Operations, Export Financing, and Related 
Programs Appropriation Act, 1996.)

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Balance, start of year:
01.99 Balance, start of year............                                   8
    Receipts:
02.01 AID-housing guarantees, Downward 
        reestimates of subsidies........                       8
                                           ---------   ---------  ----------

04.00 Total: Balances and collections...                       8           8
07.99 Total balance, end of year........                       8           8
---------------------------------------------------------------------------

[[Page 97]]


               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.02 Guaranteed loan subsidy...........          19           4           5
00.09 Administrative expenses...........           8           7           6
                                           ---------   ---------  ----------

10.00   Total obligations...............          27          11          11
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          27          11          11
23.95 New obligations...................         -27         -11         -11
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          27          11          11
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          45          47          34
73.10 New obligations...................          27          11          11
73.20 Total outlays (gross).............         -24         -24         -21
73.40 Adjustments in expired accounts...          -1
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          47          34          24
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority           6           5           5
86.93 Outlays from current balances.....          18          19          16
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          24          24          21
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          27          11          11
90.00 Outlays...........................          24          24          21
---------------------------------------------------------------------------

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in 
                            millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Guaranteed loan levels supportable by subsidy 
                budget authority:
2150  Loan guarantee levels.............         148          41          41
                                           ---------   ---------  ----------

2159    Total loan guarantee levels.....         148          41          41
    Guaranteed loan subsidy (in percent):
2320  Subsidy rate......................       12.83        9.87       11.83
                                           ---------   ---------  ----------

2329    Weighted average subsidy rate...       12.83        9.87       11.83
    Guaranteed loan subsidy budget authority:
2330  Subsidy budget authority..........          19           4           5
                                           ---------   ---------  ----------

2339    Total subsidy budget authority..          19           4           5
    Guaranteed loan subsidy outlays:
2340  Subsidy outlays...................          16          17          14
                                           ---------   ---------  ----------

2349    Total subsidy outlays...........          16          17          14
---------------------------------------------------------------------------

    The Housing Guaranty program extends guaranties to U.S. private 
investors who make loans to developing countries to assist them in 
formulating and executing sound housing and community development 
policies that meet the needs of lower income groups.


    As required by the Federal Credit Reform Act of 1990, this account 
records, for the Housing Guaranty program, the subsidy costs associated 
with the loan guarantees committed in 1992 and beyond, as well as 
administrative expenses of this program. The subsidy amounts are 
estimated on a present value basis; the administrative expenses are 
estimated on a cash basis. 


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............           2           3           3
11.3    Other than full-time permanent..           1
                                           ---------   ---------  ----------

11.9      Total personnel compensation..           3           3           3
25.1  Advisory and assistance services..           1
25.3  Purchases of goods and services 
        from Government accounts........                       1           1
41.0  Grants, subsidies, and 
        contributions...................          19           4           5
99.5  Below reporting threshold.........           4           3           2
                                           ---------   ---------  ----------

99.9    Total obligations...............          27          11          11
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
1001  Total compensable workyears: Full-
        time equivalent employment......          23          25          26
---------------------------------------------------------------------------

                                

  Housing and Other Credit Guaranty Programs Guaranteed Loan Financing 
                                 Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4344-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.02 Payment of downward reestimate to 
        receipt account.................           1           7
                                           ---------   ---------  ----------

10.00   Total obligations (object class 
          24.4).........................           1           7
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.90 Unobligated balance available, 
        start of year: Fund balance.....          48          67          70
22.00 New financing authority (gross)...          20          10          12
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......          68          77          82
23.95 New obligations...................          -1          -7
24.90 Unobligated balance available, end 
        of year: Fund balance...........          67          70          82
----------------------------------------------------------------------------

    New financing authority (gross), detail:
68.00 Spending authority from offsetting 
        collections (gross): Offsetting 
        collections (cash)..............          20          10          12
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.90 Unpaid obligations, start of year: 
        Obligated balance: Fund balance.           2           2           2
73.10 New obligations...................           1           7
73.20 Total financing disbursements 
        (gross).........................          -1          -7
74.90 Unpaid obligations, end of year: 
        Obligated balance: Fund balance: 
        Uninvested balance..............           2           2           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................           1           7
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources: Payments from 
            program account.............         -17          -4          -5
88.25     Interest on uninvested funds..          -1          -3          -4
88.40     Non-Federal sources: Fees and 
            premiums....................          -2          -3          -3
                                           ---------   ---------  ----------

88.90       Total, offsetting 
              collections (cash)........         -20         -10         -12
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........         -19          -3         -12
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4344-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2131  Guaranteed loan commitments exempt 
        from limitation.................         148          41          42
                                           ---------   ---------  ----------

2150    Total guaranteed loan 
          commitments...................         148          41          42
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........          59         179         310
2231  Disbursements of new guaranteed 
        loans...........................         120         131         112
2261  Adjustments: Terminations for 
        default that result in loans 
        receivable......................
                                           ---------   ---------  ----------
                                                                  
[[Page 98]]

2290    Outstanding, end of year........         179         310         422
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..         179         310         422
----------------------------------------------------------------------------

    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......
2331    Disbursements for guaranteed 
          loan claims...................
                                           ---------   ---------  ----------

2390      Outstanding, end of year......
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from loan guarantees under the Agency for International 
Development (USAID) Housing Guaranty program committed in 1992 and 
beyond. The amounts in this account are a means of financing and are not 
included in the budget totals.


                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4344-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....           5             28            58             60
        Investments in US securities:
1106      Accounts receivable from 
            program accounts............          41             43            43             31
                                        ------------ --------------  ------------  -------------
1999    Total assets....................          46             71           101             91
    LIABILITIES:
2204  Non-Federal liabilities: Estimated 
        Federal liability for loan 
        guarantees, credit reform.......           5             28            58             60
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............           5             28            58             60
    NET POSITION:
3100  Appropriated capital..............          41             43            43             31
                                        ------------ --------------  ------------  -------------
3999    Total net position..............          41             43            43             31
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position          46             71           101             91
-----------------------------------------------------------------------------------------------

                                

     Housing and Other Credit Guaranty Programs Liquidating Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4340-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.03 Claim payments....................           1           1           1
00.04 Acquired security on collateral...          56          54          68
00.05 Interest on borrowing.............          11           9           7
                                           ---------   ---------  ----------

10.00   Total obligations...............          68          64          76
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          68          64          76
23.95 New obligations...................         -68         -64         -76
----------------------------------------------------------------------------

    New budget authority (gross), detail:
60.05 Appropriation (indefinite)........           9           7          38
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...          59          72          63
68.47   Portion applied to debt 
          reduction.....................                     -15         -25
                                           ---------   ---------  ----------

68.90     Spending authority from 
            offsetting collections 
            (total).....................          59          57          38
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................          68          64          76
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.90 Unpaid obligations, start of year: 
        Obligated balance: Fund balance.           7           6           5
73.10 New obligations...................          68          64          76
73.20 Total outlays (gross).............         -69         -66         -77
74.90 Unpaid obligations, end of year: 
        Obligated balance: Fund balance: 
        Uninvested balance..............           6           5           4
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new permanent 
        authority.......................          67          64          76
86.98 Outlays from permanent balances...           1           1           1
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          69          66          77
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources-receipts 
            resulting from debt 
            restructuring...............                     -17          -6
          Non-Federal sources:
88.40       Recoveries of claims........         -31         -27         -29
88.40       Fees........................          -9          -9          -9
88.40       Interest & late pmt. 
              collections...............         -19         -19         -19
                                           ---------   ---------  ----------

88.90       Total, offsetting 
              collections (cash)........         -59         -72         -63
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           9          -8          13
90.00 Outlays...........................          10          -6          14
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4340-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........       2,037       2,009       1,964
2231  Disbursements of new guaranteed 
        loans...........................          34          27          50
2251  Repayments and prepayments........         -52         -47         -49
2261  Adjustments: Terminations for 
        default that result in loans 
        receivable......................         -10         -25         -25
                                           ---------   ---------  ----------

2290    Outstanding, end of year........       2,009       1,964       1,940
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..       2,009       1,964       1,940
----------------------------------------------------------------------------

    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......         409         442         427
2331    Disbursements for guaranteed 
          loan claims...................          65          64          87
2351    Repayments of loans receivable..         -31         -44         -35
2361    Write-offs of loans receivable..          -1         -35         -39
                                           ---------   ---------  ----------

2390      Outstanding, end of year......         442         427         440
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this account 
records, for the Housing Guaranty program, all cash flows to and from 
the Government resulting from direct loans obligated and loan guarantees 
committed prior to 1992. This account is shown on a cash basis. All new 
activity in this program in 1992 and beyond is recorded in corresponding 
program and financing accounts.


                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4340-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
0111  Revenue...........................          59             59            58             58
0112  Expense...........................        -178           -178          -196           -196
                                        ------------ --------------  ------------  -------------
0119  Net income or loss (-)............        -119           -119          -138           -138
                                        ------------ --------------  ------------  -------------
0199  Net income or loss................        -119           -119          -138           -138
-----------------------------------------------------------------------------------------------



[[Page 99]]


                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4340-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................           7              6             5              4
1206  Non-Federal assets: Receivables, 
        net.............................           1              1
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1701    Defaulted guaranteed loans, 
          gross.........................         409            442           428            441
1703    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................        -362           -403          -390           -402
1704    Defaulted guaranteed loans and 
          interest receivable, net......          47             39            38             39
                                        ------------ --------------  ------------  -------------
1799      Value of assets related to 
            loan guarantees.............          47             39            38             39
1803  Other Federal assets: Property, 
        plant and equipment, net........           1
                                        ------------ --------------  ------------  -------------
1999    Total assets....................          56             46            43             43
    LIABILITIES:
      Federal liabilities:

2102    Interest payable................           5              5             5              5
2103    Debt............................         125            125           110             85
2105    Other...........................           3
      Non-Federal liabilities:

2201    Accounts payable................           2             15
2204    Liabilities for loan guarantees.         702            686           671            662
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............         837            831           786            752
    NET POSITION:
3100  Appropriated capital..............         108            159           159            172
3300  Cumulative results of operations..        -891           -944          -902           -881
                                        ------------ --------------  ------------  -------------
3999    Total net position..............        -783           -785          -743           -709
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position          54             46            43             43
-----------------------------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4340-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
33.0  Investments and loans.............          56          54          68
42.0  Insurance claims and indemnities..           1           1           1
43.0  Interest and dividends............          11           9           7
99.0  Subtotal, reimbursable obligations          68          64          76
                                           ---------   ---------  ----------

99.9    Total obligations...............          68          64          76
---------------------------------------------------------------------------

                                

         Micro and Small Enterprise Development Program Account

    For the [subsidy] cost of direct loans and loan guarantees, 
$1,500,000, [as authorized by section 108] to remain available until 
September 30, 1998, for microenterprise and other development credit 
programs in support of the objectives of chapter 1 of part I of the 
Foreign Assistance Act of 1961, as amended: Provided, That such costs 
shall be as defined in section 502 of the Congressional Budget Act of 
1974: Provided further, That guarantees and direct loans for micro and 
small enterprise development shall be in accordance with section 108 of 
the Foreign Assistance Act of 1961, except that guarantees of loans made 
under this heading in support of microenterprise activities may 
guarantee up to 70 percent of the principal amount of any such loans 
[notwithstanding section 108 of the Foreign Assistance Act of 1961]. In 
addition, for administrative expenses to carry out programs under this 
heading, $500,000, to remain available until September 30, 1998, all of 
which may be transferred to and merged with the appropriation for 
Operating Expenses of the Agency for International Development[: 
Provided further, That funds made available under this heading shall 
remain available until September 30, 1997]. (Foreign Operations, Export 
Financing, and Related Programs Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0400-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Guaranty loan subsidy--
        microenterprise credits.........           1           1           1
00.09 Administrative expenses...........                       1           1
                                           ---------   ---------  ----------

10.00   Total obligations...............           1           2           2
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           2           2           2
23.95 New obligations...................          -1          -2          -2
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................           2           2           2
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation           2           2           3
73.10 New obligations...................           1           2           2
73.20 Total outlays (gross).............          -1          -1          -2
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation           2           3           3
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority           1           1           1
86.93 Outlays from current balances.....                                   1
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........           1           1           2
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           2           2           2
90.00 Outlays...........................           1           1           2
---------------------------------------------------------------------------

    The Microenterprise and Other Development Credit Program account 
supports private sector activities in developing countries by providing 
direct loans and loan guarantees to support local micro and small 
enterprises.


    As required by the Federal Credit Reform Act of 1990, this account 
records, for this program, the subsidy costs associated with the loan 
guarantees committed in 1992 and beyond, as well as administrative 
expenses of this program. The subsidy amounts are estimated on present 
value basis; the administrative expenses are estimated on a cash basis. 


Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in 
                            millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0400-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
1150  Direct loan levels................           2           1           1
                                           ---------   ---------  ----------

1159    Total direct loan levels........           2           1           1
    Direct loan subsidy (in percent):
1320  Subsidy rate......................       10.20       12.75       12.20
                                           ---------   ---------  ----------

1329    Weighted average subsidy rate...       10.20       12.75       12.20
----------------------------------------------------------------------------

    Guaranteed loan levels supportable by subsidy 
                budget authority:
2150  Loan guarantee levels.............          48          38          38
                                           ---------   ---------  ----------

2159    Total loan guarantee levels.....          48          38          38
    Guaranteed loan subsidy (in percent):
2320  Subsidy rate......................        3.70        3.70        3.73
    Guaranteed loan subsidy budget authority:
2330  Subsidy budget authority..........           1           1           1
                                           ---------   ---------  ----------

2339    Total subsidy budget authority..           1           1           1
    Guaranteed loan subsidy outlays:
2340  Subsidy outlays...................           1           1           2
                                           ---------   ---------  ----------

2349    Total subsidy outlays...........           1           1           2
----------------------------------------------------------------------------

    Administrative expense data:
3510  Budget authority..................                       1           1
3590  Outlays from new authority........
---------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0400-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
41.0  Direct obligations: Grants, 
        subsidies, and contributions....           1           1           1
99.5  Below reporting threshold.........                       1           1
                                           ---------   ---------  ----------

99.9    Total obligations...............           1           2           2
---------------------------------------------------------------------------

                                

[[Page 100]]


   Microenterprise and Other Development Credit Direct Loan Financing 
                                 Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4342-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................           1           3           1
                                           ---------   ---------  ----------

10.00   Total obligations...............           1           3           1
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New financing authority (gross)...           1           3           1
23.95 New obligations...................          -1          -3          -1
----------------------------------------------------------------------------

    New financing authority (gross), detail:
67.15 Authority to borrow (indefinite)..           1           3
68.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............                                   1
                                           ---------   ---------  ----------

70.00   Total new financing authority 
          (gross).......................           1           3           1
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................           1           3           1
73.20 Total financing disbursements 
        (gross).........................                      -3          -1
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................                       3           1
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

88.40   Offsetting collections (cash) 
          from: Interest received on 
          loans.........................                                  -1
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............           1           3
90.00 Financing disbursements...........                       3
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4342-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........
1131  Direct loan obligations exempt 
        from limitation.................           1           1           1
                                           ---------   ---------  ----------

1150    Total direct loan obligations...           1           1           1
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........           1           1           4
1231  Disbursements: Direct loan 
        disbursements...................                       3           1
1251  Repayments: Repayments and 
        prepayments.....................                                  -1
                                           ---------   ---------  ----------

1290    Outstanding, end of year........           1           4           4
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from direct loans obligated under the Agency for International 
Development (USAID) Microenterprise and Other Development Credit Direct 
Loan program in 1992 and beyond (including modifications of direct loans 
that resulted from obligations in any year). The amounts in this account 
are a means of financing and are not included in the budget totals.


                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4342-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

1401    Direct loans receivable, gross..           1              1             4              4
                                        ------------ --------------  ------------  -------------
1499      Net present value of assets 
            related to direct loans.....           1              1             4              4
                                        ------------ --------------  ------------  -------------
1999    Total assets....................           1              1             4              4
    LIABILITIES:
2201  Non-Federal liabilities: Accounts 
        payable.........................           1              1             4              4
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............           1              1             4              4
-----------------------------------------------------------------------------------------------

                                

 Microenterprise and Other Development Guaranteed Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4343-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Default claims....................                       1           1
                                           ---------   ---------  ----------

10.00   Total obligations...............                       1           1
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.90 Unobligated balance available, 
        start of year: Fund balance.....           1           1           3
22.00 New financing authority (gross)...           2           3           1
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......           3           4           4
23.95 New obligations...................                      -1          -1
24.90 Unobligated balance available, end 
        of year: Fund balance...........           1           3           3
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...           1           2           2
68.10   Change in orders on hand from 
          Federal sources...............           1           1          -1
                                           ---------   ---------  ----------

68.90     Spending authority from 
            offsetting collections 
            (total).....................           2           3           1
                                           ---------   ---------  ----------

70.00   Total new financing authority 
          (gross).......................           2           3           1
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.95 Unpaid obligations, start of year: 
        Orders on hand from Federal 
        sources.........................           1           2           3
73.10 New obligations...................                       1           1
73.20 Total financing disbursements 
        (gross).........................          -1                      -2
74.95 Unpaid obligations, end of year: 
        Orders on hand from Federal 
        sources.........................           2           3           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................           1                       2
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

88.00   Offsetting collections (cash) 
          from: Federal sources: 
          Payments from program account.          -1          -2          -2
88.95 Change in receivables from program 
        accounts........................          -1          -1           1
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........                      -2
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4343-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2131  Guaranteed loan commitments exempt 
        from limitation.................          48          38          38
                                           ---------   ---------  ----------

2150    Total guaranteed loan 
          commitments...................          48          38          38
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........          22          26          45
2231  Disbursements of new guaranteed 
        loans...........................           4          20          36
2263  Adjustments: Terminations for 
        default that result in claim 
        payments........................                      -1          -1
                                           ---------   ---------  ----------

2290    Outstanding, end of year........          26          45          80
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..          13          23          40
----------------------------------------------------------------------------

[[Page 101]]

    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......                                   1
2331    Disbursements for guaranteed 
          loan claims...................                       1           1
                                           ---------   ---------  ----------

2390      Outstanding, end of year......                       1           2
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from loan guarantees under the Agency for International 
Development (USAID) Microenterprise and Other Development Guarantee 
program committed in 1992 and beyond (including modifications of loan 
guarantees that resulted from commitments in any year). The amounts in 
this account are a means of financing and are not included in the budget 
totals. 


                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4343-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....           1              2             3              3
        Investments in US securities:
1106      Accounts receivable from 
            program account.............           1              2             3              2
      Net value of assets related to 
          post-1991 acquired defaulted 
          guaranteed loans receivable:

1501    Defaulted guaranteed loans 
          receivable, gross.............                                        1              1
                                        ------------ --------------  ------------  -------------
1599      Net present value of assets 
            related to defaulted 
            guaranteed loans............                                        1              1
                                        ------------ --------------  ------------  -------------
1999    Total assets....................           2              4             7              6
    LIABILITIES:
2204  Non-Federal liabilities: Estimated 
        Federal liability for loan 
        guarantees, credit reform.......           1              2             4              4
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............           1              2             4              4
    NET POSITION:
3100  Appropriated capital..............           1              2             3              2
                                        ------------ --------------  ------------  -------------
3999    Total net position..............           1              2             3              2
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position           2              4             7              6
-----------------------------------------------------------------------------------------------

                                

            Private Sector Revolving Fund Liquidating Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4341-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           3           5
22.40 Capital transfer to general fund..          -2          -5
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......           1
----------------------------------------------------------------------------

    New budget authority (gross), detail:
68.00 Spending authority from offsetting 
        collections (gross): Offsetting 
        collections (cash)..............           3           5
                                                   3           5
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.90 Unpaid obligations, start of year: 
        Obligated balance: Fund balance.           2           2
73.10 New obligations...................
73.20 Total outlays (gross).............          -2          -2
74.90 Unpaid obligations, end of year: 
        Obligated balance: Fund balance: 
        Uninvested balance..............           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new permanent 
        authority.......................           2
86.98 Outlays from permanent balances...                       2
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........           2           2
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....          -3          -5
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................          -1          -3
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4341-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........           8           7           3
1231  Disbursements: Direct loan 
        disbursements...................
1251  Repayments: Repayments and 
        prepayments.....................          -1          -4
                                           ---------   ---------  ----------

1290    Outstanding, end of year........           7           3           3
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4341-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........          19          19          19
2231  Disbursements of new guaranteed 
        loans...........................
2264  Adjustments: Other adjustments, 
        net.............................                                 -17
                                           ---------   ---------  ----------

2290    Outstanding, end of year........          19          19           2
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..          10          10           1
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this account 
records, for the private sector revolving fund, all cash flows to and 
from the Government resulting from direct loans obligated and loan 
guarantees committed under the Private Sector Loan Fund prior to 1992. 
This account is shown on a cash basis. All new activity in this program 
in 1992 and beyond is recorded in corresponding program and financing 
accounts.


                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4341-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................           2              2
1206  Non-Federal assets: Receivables, 
        net.............................           1
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............           7              7             3              3
1603    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................          -4             -3            -1             -1
1604    Direct loans and interest 
          receivable, net...............           3              4             2              2
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................           3              4             2              2
                                        ------------ --------------  ------------  -------------
1999    Total assets....................           6              6             2              2
    LIABILITIES:
2101  Federal liabilities: Accounts 
        payable.........................           5              2
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............           5              2
    NET POSITION:
3100  Appropriated capital..............           2              4             2              2
                                        ------------ --------------  ------------  -------------
3999    Total net position..............           2              4             2              2
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position           7              6             2              2
-----------------------------------------------------------------------------------------------

                                

[[Page 102]]


             Economic Assistance Loans--Liquidating Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4103-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                     898         878
22.40 Capital transfer to general fund..                    -898        -878
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......
23.95 New obligations...................
----------------------------------------------------------------------------

    New budget authority (gross), detail:
68.00 Spending authority from offsetting 
        collections (gross): Offsetting 
        collections (cash)..............                     898         878
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.90 Unpaid obligations, start of year: 
        Obligated balance: Fund balance.                      13
73.10 New obligations...................
73.20 Total outlays (gross).............                     -13
73.30 Obligated balance transferred, net          13
74.90 Unpaid obligations, end of year: 
        Obligated balance: Fund balance: 
        Uninvested balance..............          13
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.98 Outlays from permanent balances...                      13
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........                      13
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....                    -898        -878
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................                    -885        -878
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4103-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........      13,765      13,279      12,680
1231  Disbursements: Direct loan 
        disbursements...................          11          13
      Repayments:

        Repayments and prepayments:
1251      Repayments and prepayments....        -443        -612        -616
1251      Repayments and prepayments....         -22
      Write-offs for default:

        Direct loans:
1263      Direct loans..................          -5
1263      Direct loans..................         -27
                                           ---------   ---------  ----------

1290    Outstanding, end of year........      13,279      12,680      12,064
---------------------------------------------------------------------------
    \1\ Shows consolidation of amounts outstanding from the Economic 
Support Fund, Functional Development Assistance Program, and the 
Development Loans Revolving Fund.

    The Economic Assistance Loans account consolidates liquidating 
credit activity from four previous accounts: Economic Support Fund, 
Functional Development Assistance Program, and the Development Loans 
Revolving Fund. This was done to simplify presentation.


                                

                               Trust Funds

        Foreign Service National Separation Liability Trust Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-8342-0-7-602      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        12.1)...........................           4           3           3
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           5           3           3
23.95 New obligations...................          -4          -3          -3
----------------------------------------------------------------------------

    New budget authority (gross), detail:
60.27 Appropriation (trust fund, 
        indefinite).....................           5           3           3
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation           5           5           6
73.10 New obligations...................           4           3           3
73.20 Total outlays (gross).............          -2                      -1
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation           5           6           8
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new permanent 
        authority.......................           2                       1
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........           2                       1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           5           3           3
90.00 Outlays...........................           2                       1
---------------------------------------------------------------------------

    This Fund is maintained to pay separation costs for Foreign Service 
National employees of the Agency for International Development in those 
countries in which such pay is legally required. The Fund, as authorized 
by Public Law 102-138, is maintained by annual Government contributions 
which are appropriated in several Agency accounts.


                                

                     Miscellaneous Trust Funds, Aid

                    Proginancing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-9971-0-7-151   1995 actual95 
                                              actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        99.5)...........................           1           1           1
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Treasury balance.           2           2           2
22.00 New budget authority (gross)......
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......           2           2           2
23.95 New obligations...................          -1          -1          -1
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....           2           2           2
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation           4           1           1
73.10 New obligations...................           1           1           1
73.20 Total outlays (gross).............          -3          -1          -1
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation           1           1           1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.98 Outlays from permanent balances...           3
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........           3           1           1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................           3           1           1
---------------------------------------------------------------------------

    Funds advanced by foreign countries are used to pay for procurement 
in the United States of nonmilitary materials or services for programs 
in those countries in accordance with bilateral agreements.


                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-9971-0-7-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................           7              4             4              4
                                        ------------ --------------  ------------  -------------
1999    Total assets....................           7              4             4              4
    LIABILITIES:
2202  Non-Federal liabilities: Interest 
        payable.........................           1              1             1              1
                                        ------------ --------------  ------------  -------------
                                                                                   
[[Page 103]]

2999    Total liabilities...............           1              1             1              1
    NET POSITION:
3300  Cumulative results of operations..           6              3             3              3
                                        ------------ --------------  ------------  -------------
3999    Total net position..............           6              3             3              3
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position           7              4             4              4
-----------------------------------------------------------------------------------------------

            General Fund Receipt Account (in millions of dollars)

----------------------------------------------------------------------------
                                         1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
  72-146600  Interest on loans, AID.....         318
  72-294100  Dollar repayments of loans, 
    Agency for International Development         539
                                           ---------   ---------  ----------

General Fund Offsetting receipts from 
 the public.............................         857
---------------------------------------------------------------------------

                                


 
                 OVERSEAS PRIVATE INVESTMENT CORPORATION

                              Federal Funds

Public enterprise funds:

                 Overseas Private Investment Corporation

                            noncredit account

    The Overseas Private Investment Corporation is authorized to make, 
without regard to fiscal year limitations, as provided by 31 U.S.C. 
9104, such expenditures and commitments within the limits of funds 
available to it and in accordance with law as may be necessary: 
Provided, That the amount available for administrative expenses to carry 
out the credit and insurance programs (including an amount for official 
reception and representation expenses which shall not exceed $35,000) 
shall not exceed [$26,000,000] $32,000,000: Provided further, That 
project-specific transaction costs, including direct and indirect costs 
incurred in claims settlements, and other direct costs associated with 
services provided to specific investors or potential investors pursuant 
to section 234 of the Foreign Assistance Act of 1961, shall not be 
considered administrative expenses for the purposes of this heading. 
(Foreign Operations, Export Financing, and Related Programs 
Appropriation Act, 1996.)

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Balance, start of year:
01.99 Balance, start of year............       1,874       1,988       2,164
                                           ---------   ---------  ----------

03.00 Offsetting Collections............         114         176         127
04.00 Total: Balances and collections...       1,988       2,164       2,291
07.99 Total balance, end of year........       1,988       2,164       2,291
---------------------------------------------------------------------------

    These balances are reserves held for potential claims and are not 
expected to be obligated.


               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Operating expenses:

00.01   Noncredit administrative expense          13          13          13
00.02   Insurance claim payments/
          provisions....................          22          11          12
00.03   Credit administration expenses..          16          16          19
                                           ---------   ---------  ----------

10.00   Total obligations...............          51          40          44
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          51          40          44
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................                       1           1
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......          51          41          45
23.95 New obligations...................         -51         -40         -44
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Current:

41.00   Transferred to other accounts...         -47         -16         -91
      Permanent:

        Spending authority from 
            offsetting collections:
68.00     Offsetting collections (cash).         229         232         262
68.27     Capital transfer to general 
            fund........................         -17
68.45     Portion not expected to be 
            obligated...................        -114        -176        -127
                                           ---------   ---------  ----------

68.90       Spending authority from 
              offsetting collections 
              (total)...................          98          56         135
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................          51          40          44
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          51          81          85
73.10 New obligations...................          51          40          44
73.20 Total outlays (gross).............         -21         -35         -38
73.45 Adjustments in unexpired accounts.                      -1          -1
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          81          85          90
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new permanent 
        authority.......................          20          26          29
86.98 Outlays from permanent balances...           1           9           8
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          21          35          38
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............         -16         -16         -19
88.20     Interest on U.S. securities...        -145        -137        -157
88.40     Non-Federal sources...........         -68         -79         -86
                                           ---------   ---------  ----------

88.90       Total, offsetting 
              collections (cash)........        -229        -232        -262
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................        -178        -192        -218
90.00 Outlays...........................        -208        -197        -224
---------------------------------------------------------------------------

    The Overseas Private Investment Corporation encourages the 
participation of United States private capital and skills in the 
economic and social development of developing countries and emerging 
market economies. Its primary noncredit program is political risk 
insurance against losses due to expropriation, inconvertibility, and 
political violence damage.


                  Status of Funds (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Unexpended balance, start of year:
0100  Treasury balance..................          21          76          79
      U.S. Securities:

0101    Par value.......................       1,916       2,022       2,169
0102    Unrealized discounts............         -14         -31
                                           ---------   ---------  ----------

0199    Total balance, start of year....       1,923       2,067       2,248
    Cash income during the year:
      Offsetting collections:

0280    Offsetting Collections..........         229         232         262
    Cash outgo during year:
0500  Overseas Private Investment 
        Corporation noncredit account...         -21         -35         -38
0645  Balance transferred, net..........         -64         -16         -91
    Unexpended balance, end of year:
0700  Treasury balance..................          76          79          86
      U.S. Securities:

0701    Par value.......................       2,022       2,169       2,295
0702    Unrealized discounts............         -31
                                           ---------   ---------  ----------

0799    Total balance, end of year......       2,067       2,248       2,381
---------------------------------------------------------------------------
                                   INSURANCE PROGRAM ACTIVITY
                                    [In millions 1994 actual 1995 actual  1996 est.   1997 est.
Aggregate insurance outstanding, start of year..      11,992      16,177      21,297      24,072
Aggregate insurance issued during year..........       6,060       8,605       9,100       9,400
Aggregate insurance reductions and consultations      -1,874      -3,485      -6,325      -7,149
                                                ------------------------------------------------
Aggregate insurance outstanding, end of year....      16,177      21,297      24,072      26,323
Net growth/(decline) of portfolio...............       4,185       5,120       2,775       2,251
Net growth rate of insurance portfolio..........      34.90%      31.65%      13.03%       9.35%
                                                ------------------------------------------------

                                                                                    
                                                                                    
[[Page 104]]
                                                                                    ------------
                                  STATUS OF INSURANCE AUTHORITY

                                    [In millions 1994 actual 1995 actual  1996 est.   1997 est.
Statutory authority limitation..................       9,000      13,500      13,500      13,500
Maximum contingent liability, end of year.......       8,229      11,501      12,999      14,214
Estimated potential exposure to claims, end of 
    year........................................       5,087       7,880       8,907       9,739
                                                ================================================

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   71-4184-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....          21             18            18             18
        Investments in US securities:
1102      Treasury securities, par......       2,043          2,201         2,300          2,400
1106      Receivables, net..............          39             44            44             44
1206  Non-Federal assets: Receivables, 
        net.............................           2             14            14             14
      Other Federal assets:

1803    Property, plant and equipment, 
          net...........................           8              9             9              9
1901    Other assets....................          13
                                        ------------ --------------  ------------  -------------
1999    Total assets....................       2,126          2,286         2,385          2,485
    LIABILITIES:
2101  Federal liabilities: Accounts 
        payable.........................          23              3             3              3
      Non-Federal liabilities:

2201    Accounts payable................           1             55            55             55
2207    Other...........................         107             84            84             84
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............         131            142           142            142
    NET POSITION:
3300  Cumulative results of operations..       1,995          2,144         2,243          2,343
                                        ------------ --------------  ------------  -------------
3999    Total net position..............       1,995          2,144         2,243          2,343
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position       2,126          2,286         2,385          2,485
-----------------------------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................           6           6           6
12.1  Civilian personnel benefits.......           2           2           2
21.0  Travel and transportation of 
        persons.........................           1           1           1
23.2  Rental payments to others.........           2           2           2
25.2  Other services....................           2           2           2
25.3  Purchases of goods and services 
        from Government accounts........          16          16          19
42.0  Insurance claims and indemnities..          22          11          12
99.0  Subtotal, reimbursable obligations          51          40          44
                                           ---------   ---------  ----------

99.9    Total obligations...............          51          40          44
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Total compensable workyears:
2001  Full-time equivalent employment...          65          72          80
2005  Full-time equivalent of overtime 
        and holiday hours...............           1           1           1
---------------------------------------------------------------------------

                                

Credit accounts:

         Overseas Private Investment Corporation Program Account

    For the cost of direct and guaranteed loans, $72,000,000, as 
authorized by section 234 of the Foreign Assistance Act of 1961, to be 
derived by transfer from the Overseas Private Investment Corporation 
Noncredit Account: Provided, That such costs, including the cost of 
modifying such loans, shall be as defined in section 502 of the 
Congressional Budget Act of 1974: Provided further, That such sums shall 
be available for direct loan obligations and loan guaranty commitments 
incurred or made during fiscal years [1996] 1997 and [1997] 1998: 
Provided further, That such sums shall remain available through fiscal 
year [2003] 2005 for the disbursement of direct and guaranteed loans 
obligated in fiscal year [1996] 1997, and through fiscal year [2004] 
2006 for the disbursement of direct and guaranteed loans obligated in 
fiscal year [1997] 1998. In addition, such sums as may be necessary for 
administrative expenses to carry out the credit program may be derived 
from amounts available for administrative expenses to carry out the 
credit and insurance programs in the Overseas Private Investment 
Corporation Noncredit Account and merged with said account. (Foreign 
Operations, Export Financing, and Related Programs Appropriation Act, 
1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-0100-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loan subsidy...............                       8           4
00.02 Guaranteed loan subsidy...........          59          98          68
00.03 Credit administrative expenses....          16          16          19
                                           ---------   ---------  ----------

10.00   Total obligations...............          75         122          91
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................          21          42           8
22.00 New budget authority (gross)......          97          88          91
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......         118         130          99
23.95 New obligations...................         -75        -122         -91
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....          42           8           8
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................                      72
42.00 Transferred from other accounts...          97          16          91
                                           ---------   ---------  ----------

43.00   Appropriation (total)...........          97          88          91
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................          97          88          91
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          63         117         167
73.10 New obligations...................          75         122          91
73.20 Total outlays (gross).............         -22         -72         -90
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation         117         167         168
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          15          16          19
86.93 Outlays from current balances.....           6          56          71
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          22          72          90
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          97          88          91
90.00 Outlays...........................          22          72          90
---------------------------------------------------------------------------

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in 
                            millions of dollars)

----------------------------------------------------------------------------
Identification code 71-0100-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
1150  Direct loan levels................          15         200          80
                                           ---------   ---------  ----------

1159    Total direct loan levels........          15         200          80
    Direct loan subsidy (in percent):
1320  Subsidy rate......................        0.00        4.00        5.00
                                           ---------   ---------  ----------

1329    Weighted average subsidy rate...        0.00        4.00        5.00
    Direct loan subsidy budget authority:
1330  Subsidy budget authority..........                       8           4
                                           ---------   ---------  ----------

1339    Total subsidy budget authority..                       8           4
    Direct loan subsidy outlays:
1340  Subsidy outlays...................           3           4           4
                                           ---------   ---------  ----------

1349    Total subsidy outlays...........           3           4           4
----------------------------------------------------------------------------

    Guaranteed loan levels supportable by subsidy 
                budget authority:
2150  Loan guarantee levels.............       1,891       2,000       2,250
                                           ---------   ---------  ----------

2159    Total loan guarantee levels.....       1,891       2,000       2,250
                                                                 
[[Page 105]]

    Guaranteed loan subsidy (in percent):
2320  Subsidy rate......................        0.00        3.00        2.50
    Guaranteed loan subsidy budget authority:
2330  Subsidy budget authority..........          59          98          65
                                           ---------   ---------  ----------

2339    Total subsidy budget authority..          59          98          65
    Guaranteed loan subsidy outlays:
2340  Subsidy outlays...................           5          52          67
                                           ---------   ---------  ----------

2349    Total subsidy outlays...........           5          52          67
----------------------------------------------------------------------------

    Administrative expense data:
3510  Budget authority..................          16          16          19
3590  Outlays...........................          13          16          19
---------------------------------------------------------------------------

    The Overseas Private Investment Corporation encourages the 
participation of United States private capital and skills in the 
economic and social development of developing countries and emerging 
market economies. Its primary credit program is investment financing 
through loans and guaranteed loans.


    As required by the Federal Credit Reform Act of 1990, the Program 
Account records the subsidy costs associated with the direct loans 
obligated and loan guarantees committed in 1992 and beyond (including 
modifications of direct loans or loan guarantees that resulted from 
obligations or commitments in any year), as well as administrative 
expenses of this program. The subsidy amounts are estimated on a present 
value basis; the administrative expenses are estimated on a cash basis.


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-0100-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................           6           6           8
12.1  Civilian personnel benefits.......           2           2           3
21.0  Travel and transportation of 
        persons.........................           1           1           1
23.2  Rental payments to others.........           2           2           2
25.2  Other services....................           3           3           3
41.0  Grants, subsidies, and 
        contributions...................          59         106          72
99.5  Below reporting threshold.........           2           2           2
                                           ---------   ---------  ----------

99.9    Total obligations...............          75         122          91
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 71-0100-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
1001  Total compensable workyears: Full-
        time equivalent employment......         109         110         120
---------------------------------------------------------------------------

                                

  Overseas Private Investment Corporation Direct Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4074-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................          15         200          80
00.02 Interest on Treasury borrowing....           2           3           5
                                           ---------   ---------  ----------

10.00   Total obligations...............          17         203          85
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New financing authority (gross)...          17         203          85
23.95 New obligations...................         -17        -203         -85
----------------------------------------------------------------------------

    New financing authority (gross), detail:
67.15 Authority to borrow (indefinite)..          10         192          72
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...           7           6           8
68.10   Change in orders on hand from 
          Federal sources...............                       6           4
                                           ---------   ---------  ----------

68.90     Spending authority from 
            offsetting collections 
            (total).....................           7          12          12
                                           ---------   ---------  ----------

70.00   Total new financing authority 
          (gross).......................          17         203          85
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.90   Obligated balance: Fund balance.          68          38         173
72.95   Orders on hand from Federal 
          sources.......................           3           3           9
                                           ---------   ---------  ----------

72.99     Total unpaid obligations, 
            start of year...............          71          41         182
73.10 New obligations...................          17         203          85
73.20 Total financing disbursements 
        (gross).........................         -47         -62         -75
      Unpaid obligations, end of year:

74.90   Obligated balance: Fund balance: 
          Uninvested balance............          38         173         179
74.95   Orders on hand from Federal 
          sources.......................           3           9          13
                                           ---------   ---------  ----------

74.99     Total unpaid obligations, end 
            of year.....................          41         182         192
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................          47          62          75
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -4          -2          -4
          Non-Federal sources:
88.40       Repayments of principal.....          -1          -1          -1
88.40       Interest received on loans..          -2          -2          -2
88.40       Fees........................                      -1          -1
                                           ---------   ---------  ----------

88.90       Total, offsetting 
              collections (cash)........          -7          -6          -8
88.95 Change in receivables from program 
        accounts........................                      -6          -4
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............          10         191          73
90.00 Financing disbursements...........          39          56          67
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4074-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........
1131  Direct loan obligations exempt 
        from limitation.................          15         200          80
                                           ---------   ---------  ----------

1150    Total direct loan obligations...          15         200          80
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........           8          53         114
1231  Disbursements: Direct loan 
        disbursements...................          46          62          75
1251  Repayments: Repayments and 
        prepayments.....................          -1          -1          -1
                                           ---------   ---------  ----------

1290    Outstanding, end of year........          53         114         188
---------------------------------------------------------------------------
    \1\ Enacted limitation was for both direct and guaranteed loans 
combined. This level is the expected direct loan amount from that 
limitation.

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from direct loans obligated in 1992 and beyond (including 
modifications of direct loans that resulted from obligations in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals.


                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   71-4074-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....           6              4             5              4
        Investments in US securities:
1106      Receivables, net..............           7              3             9             13
1206  Non-Federal assets: Receivables, 
        net.............................                          3             6              6
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

1401    Direct loans receivable, gross..           9             53           114            188
1402    Interest receivable.............                          1             2              3
1405    Allowance for subsidy cost (-)..          -2             -6            -8             -6
                                        ------------ --------------  ------------  -------------
1499      Net present value of assets 
            related to direct loans.....           7             48           108            185
                                        ------------ --------------  ------------  -------------
1999    Total assets....................          20             58           128            208
                                                                                   
[[Page 106]]

    LIABILITIES:
      Federal liabilities:

2101    Accounts payable................           7              3            13             26
2102    Interest payable................           1              2             3              5
2103    Debt............................          12             49           108            171
2207  Non-Federal liabilities: Other....                          1             1              1
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............          20             55           125            203
    NET POSITION:
3300  Cumulative results of operations..                          3             3              5
                                        ------------ --------------  ------------  -------------
3999    Total net position..............                          3             3              5
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position          20             58           128            208
-----------------------------------------------------------------------------------------------

                                

   Overseas Private Investment Corporation Guaranteed Loan Financing 
                                 Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4075-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.03 Default Claims....................           1          10          20
00.04 Capitalized Costs.................           2           2           2
                                           ---------   ---------  ----------

10.00   Total obligations...............           3          12          22
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.90 Unobligated balance available, 
        start of year: Fund balance.....          78         109         210
22.00 New financing authority (gross)...          34         113         147
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......         112         222         357
23.95 New obligations...................          -3         -12         -22
24.90 Unobligated balance available, end 
        of year: Fund balance...........         109         210         335
----------------------------------------------------------------------------

    New financing authority (gross), detail:
68.00 Spending authority from offsetting 
        collections (gross): Offsetting 
        collections (cash)..............          34         113         147
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................           3          12          22
73.20 Total financing disbursements 
        (gross).........................          -3         -12         -22
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................           3          12          22
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources: Payments from 
            program account.............          -4         -58         -67
88.25     Interest on uninvested funds..                      -5         -10
88.40     Non-Federal sources: Fees and 
            premiums....................         -36         -50         -70
                                           ---------   ---------  ----------

88.90       Total, offsetting 
              collections (cash)........         -40        -113        -147
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............          -6
90.00 Financing disbursements...........         -37        -101        -125
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4075-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2131  Guaranteed loan commitments exempt 
        from limitation.................       1,891       2,000       2,250
                                           ---------   ---------  ----------

2150    Total guaranteed loan 
          commitments...................       1,891       2,000       2,250
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........         387         948       2,550
2231  Disbursements of new guaranteed 
        loans...........................         575       1,627       1,765
2251  Repayments and prepayments........         -14         -25        -300
                                           ---------   ---------  ----------

2290    Outstanding, end of year........         948       2,550       4,015
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..         948       2,550       4,015
----------------------------------------------------------------------------

    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......           9           9           7
2331    Disbursements for guaranteed 
          loan claims...................                                  15
2351    Repayments of loans receivable..                      -2
                                           ---------   ---------  ----------

2390      Outstanding, end of year......           9           7          22
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from loan guarantees committed in 1992 and beyond (including 
modifications of loan guarantees that resulted from commitments in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals.


                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   71-4075-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................          24             60           161            286
1206  Non-Federal assets: Receivables, 
        net.............................           2              4             6             19
      Net value of assets related to 
          post-1991 acquired defaulted 
          guaranteed loans receivable:

1501    Defaulted guaranteed loans 
          receivable, gross.............           9              7             7             20
                                        ------------ --------------  ------------  -------------
1599      Net present value of assets 
            related to defaulted 
            guaranteed loans............           9              7             7             20
                                        ------------ --------------  ------------  -------------
1999    Total assets....................          35             71           174            325
    LIABILITIES:
2103  Federal liabilities: Debt.........           4              4             4
      Non-Federal liabilities:

2204    Liabilities for loan guarantees.          17             36           113            147
2207    Other...........................           8             19            23             29
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............          29             59           140            176
    NET POSITION:
3300  Cumulative results of operations..           6             12            34            149
                                        ------------ --------------  ------------  -------------
3999    Total net position..............           6             12            34            149
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position          35             71           174            325
-----------------------------------------------------------------------------------------------
    \1\ Enacted limitation was for both direct and guaranteed loans 
combined. This level is the expected guaranteed loan amount from that 
limitation.

                                

       Overseas Private Investment Corporation Liquidating Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4030-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.02 Expenses..........................           1           4           4
00.12 Guaranty provisions/claim payments                      15          15
                                           ---------   ---------  ----------

10.00   Total obligations...............           1          19          19
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
      Unobligated balance available, start of year:

21.90   Fund balance....................          92         146         145
21.91   U.S. Securities: Par value......          35          35          35
                                           ---------   ---------  ----------

21.99     Total unobligated balance, 
            start of year...............         127         181         180
22.00 New budget authority (gross)......          52          15          15
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           3           3           3
                                           ---------   ---------  ----------
                                                                  
[[Page 107]]

23.90   Total budgetary resources 
          available for obligation......         182         199         198
23.95 New obligations...................          -1         -19         -19
      Unobligated balance available, end of year:

24.90   Fund balance....................         146         145         144
24.91   Par value.......................          35          35          35
                                           ---------   ---------  ----------

24.99   Total unobligated balance, end 
          of year.......................         181         180         179
----------------------------------------------------------------------------

    New budget authority (gross), detail:
68.00 Spending authority from offsetting 
        collections (gross): Offsetting 
        collections (cash)..............          52          15          15
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          35          15          12
73.10 New obligations...................           1          19          19
73.20 Total outlays (gross).............         -18         -19         -19
73.45 Adjustments in unexpired accounts.          -3          -3          -3
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          15          12           9
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.98 Outlays from permanent balances...          18          19          19
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          18          19          19
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.20     Interest on U.S. securities...          -3          -3          -3
88.40     Non-Federal sources...........         -49         -15         -15
                                           ---------   ---------  ----------

88.90       Total, offsetting 
              collections (cash)........         -52         -18         -18
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                      -3          -3
90.00 Outlays...........................         -34           1           1
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4030-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          39          28          23
1251  Repayments: Repayments and 
        prepayments.....................         -11          -5          -6
1264  Write-offs for default: Other 
        adjustments, net................
                                           ---------   ---------  ----------

1290    Outstanding, end of year........          28          23          17
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4030-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........         356         287         218
2251  Repayments and prepayments........         -50         -55         -54
2264  Adjustments: Other adjustments, 
        net.............................         -19         -14          -7
                                           ---------   ---------  ----------

2290    Outstanding, end of year........         287         218         157
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..         287         218         157
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this account 
records, for this program, all cash flows to and from the Government 
resulting from direct loans obligated and loan guarantees committed 
prior to 1992. This account is shown on a cash basis. All new activity 
in this program in 1992 and beyond (including modifications of direct 
loans or loan guarantees that resulted from obligations or commitments 
in any year) is recorded in corresponding program, financing, and 
noncredit accounts.


                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   71-4030-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................          17             52            53             53
0102  Expense...........................          -1            -18            -2
                                        ------------ --------------  ------------  -------------
0109  Net income or loss (-)............          16             34            51             53
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   71-4030-0-3-151    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....          39             92           146            145
        Investments in US securities:
1102      Treasury securities, par......          35             35            35             35
1106      Receivables, net..............           1              1             1              1
1206  Non-Federal assets: Receivables, 
        net.............................           4              4             3              3
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............          39             28            23             17
1603    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................          -7             -7            -7             -7
1604    Direct loans and interest 
          receivable, net...............          32             21            16             10
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................          32             21            16             10
1706    Foreclosed property.............          47             47            20             15
                                        ------------ --------------  ------------  -------------
1999    Total assets....................         158            200           221            209
    LIABILITIES:
2207  Non-Federal liabilities: Other....          26             20            20             20
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............          26             20            20             20
    NET POSITION:
3200  Invested capital..................          50             50            50             50
3300  Cumulative results of operations..          82            130           151            139
                                        ------------ --------------  ------------  -------------
3999    Total net position..............         132            180           201            189
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position         158            200           221            209
-----------------------------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4030-0-3-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
43.0  Interest and dividends............           1          19          19
99.0  Subtotal, reimbursable obligations           1          19          19
---------------------------------------------------------------------------

                                

                      Trade and Development Agency

                              Federal Funds

General and special funds:

                      trade and development agency

    For necessary expenses to carry out [the provisions of] section 661 
of the Foreign Assistance Act of 1961, $40,000,000[: Provided, That the 
Trade and Development Agency may receive reimbursements from 
corporations and other entities for the costs of grants for feasibility 
studies and other project planning services, to be deposited as an 
offsetting collection to this account and to be available for obligation 
until September 30, 1997, for necessary expenses under this paragraph: 
Provided further, That such reimbursements shall not cover, or be 
allocated against, direct or indirect administrative costs of the 
agency] to remain available for obligation until September 30, 1998, of 
which not to exceed $5,000 shall be available for official reception and 
representation expenses. (Foreign Operations, Export Financing, and 
Related Programs Appropriation Act, 1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1001-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations.................          63          48          51
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Treasury balance.          14           8          12
22.00 New budget authority (gross)......          57          50          45
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......          71          58          57
23.95 New obligations...................         -63         -48         -51
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....           8          12           6
----------------------------------------------------------------------------

[[Page 108]]


    New budget authority (gross), detail:
40.00 Appropriation.....................          40          40          40
42.00 Transferred from Assistance for 
        NIS.............................          17          10           5
                                           ---------   ---------  ----------

43.00   Appropriation (total)...........          57          50          45
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................          57          50          45
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          62          76          69
73.10 New obligations...................          63          48          51
73.20 Total outlays (gross).............         -48         -55         -52
73.40 Adjustments in expired accounts...          -2
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          76          69          68
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          10          13          12
86.93 Outlays from current balances.....          38          42          40
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          48          55          52
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          57          50          45
90.00 Outlays...........................          48          55          52
---------------------------------------------------------------------------

    These funds are for the costs of the U.S. Trade and Development 
Agency (TDA), including program costs of grants for feasibility studies 
and other project-related activities, and those of managing the TDA 
programs, such as salaries and expenses of direct hire personnel and 
obtaining the services of consultants. TDA finances these activities for 
major projects in the developing world to foster economic development 
and to encourage the use of U.S. technology, goods, and services in 
project implementation.


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1001-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................           2           2           2
12.1  Civilian personnel benefits.......           1           1           1
25.1  Advisory and assistance services..           1           1           1
41.0  Grants, subsidies, and 
        contributions...................          58          43          46
99.5  Below reporting threshold.........           1           1           1
                                           ---------   ---------  ----------

99.9    Total obligations...............          63          48          51
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 11-1001-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
1001  Total compensable workyears: Full-
        time equivalent employment......          33          38          38
---------------------------------------------------------------------------

                                

                               Peace Corps

                              Federal Funds

General and special funds:

                               peace corps

    For expenses necessary to carry out the provisions of the Peace 
Corps Act (75 Stat. 612), [$205,000,000] $220,000,000, including the 
purchase of not to exceed five passenger motor vehicles for 
administrative purposes for use outside of the United States: Provided, 
That none of the funds appropriated under this heading shall be used to 
pay for abortions: Provided further, That funds appropriated under this 
heading shall remain available until September 30, [1997] 1998. (Foreign 
Operations, Export Financing, and Related Programs Appropriation Act, 
1996.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0100-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Direct program:

00.01   Africa Region...................          55          53          52
00.02   Asia Pacific Region.............          19          18          18
00.03   Europe, Central Asia, and 
          Mediterranean.................          29          27          28
00.04   Inter-American Region...........          29          31          30
00.05   Other Volunteer Support.........         100          95          97
                                           ---------   ---------  ----------

00.91     Total direct program..........         232         224         225
01.01 Reimbursable program..............           8           8           7
                                           ---------   ---------  ----------

10.00   Total obligations...............         240         232         232
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................           7           6
22.00 New budget authority (gross)......         239         226         232
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           2
22.30 Unobligated balance expiring......          -1
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......         247         232         232
23.95 New obligations...................        -240        -232        -232
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....           6
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Current:

40.00   Appropriation...................         219         205         220
42.00   Transferred from other accounts.          12          13           5
                                           ---------   ---------  ----------

43.00     Appropriation (total).........         231         218         225
      Permanent:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           8           8           7
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................         239         226         232
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          63          61          59
73.10 New obligations...................         240         232         232
73.20 Total outlays (gross).............        -241        -234        -232
73.40 Adjustments in expired accounts...           1
73.45 Adjustments in unexpired accounts.          -2
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          61          59          59
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority         180         174         180
86.93 Outlays from current balances.....          54          51          45
86.97 Outlays from new permanent 
        authority.......................           8           8           7
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........         241         234         232
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -8          -8          -7
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         231         218         225
90.00 Outlays...........................         234         226         225
---------------------------------------------------------------------------

    Peace Corps operating expenses will provide direct and indirect 
support for approximately 7,000 Americans engaged in voluntary services 
in 93 countries worldwide in 1996. The Volunteers help fill the trained 
manpower needs of developing countries and encourage self-sustaining 
development of skilled manpower. Peace Corps promotes mutual 
understanding between the peoples of the developing world and the United 
States and focuses the attention of the American people on the concepts 
of voluntarism and self-help at the grassroots level.


    Africa Region.--The Africa Region will support 1,290 new trainees 
and an average of 2,351 Volunteers during 1996. These Volunteers and 
trainees will work in 32 sub-Saharan countries, in the areas of 
agriculture, education, economic development, health, and environment.

[[Page 109]]



    Asia Pacific Region.--In 1996 an average of 794 Volunteers will work 
in this diverse region, with Peace Corps programs in 17 countries 
ranging from Nepal to nations in the Pacific. This office will support 
436 new trainees in programs mainly in the areas of education, health 
and environment.


    Europe, Central Asia, and Mediterranean.--In 1996 an average of 
1,351 Volunteers will work in 20 countries in Eastern and Central 
Europe, the former Soviet Unions, and North Africa. The region will 
support 789 new trainees, who will work primarily in education, economic 
development, and environment.


    Inter-American Region.--An average of 1,795 Volunteers will work in 
24 countries in the Caribbean, Central America, and South America, in 
the areas of environment, agriculture, economic development, education, 
and health. This office will also fund 922 new trainees in 1996.


    Other Volunteer Support.--These activities fund a wide range of 
Volunteer- and program-related costs, including medical support for 
Volunteers, recruitment and placement, technical resources, domestic 
programs, policy and direction, and related administration and 
oversight.


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0100-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........          46          45          44
11.3      Other than full-time permanent           1           1           1
11.5      Other personnel compensation..           1           1           1
11.8      Trainees and volunteers.......          20          21          20
                                           ---------   ---------  ----------

11.9        Total personnel compensation          68          68          66
12.1    Civilian personnel benefits.....          41          43          43
13.0    Benefits for former personnel...           1           1           1
21.0    Travel and transportation of 
          persons.......................          27          26          27
22.0    Transportation of things........           3           3           4
23.1    Rental payments to GSA..........           6           6           6
23.2    Rental payments to others.......           7           7           8
23.3    Communications, utilities, and 
          miscellaneous charges.........           7           7           7
24.0    Printing and reproduction.......           1           1           1
25.2    Other services..................          40          37          37
25.6    Medical care....................          13          12          12
26.0    Supplies and materials..........          10           8           7
31.0    Equipment.......................           7           5           5
                                           ---------   ---------  ----------

99.0      Subtotal, direct obligations..         231         224         224
99.0  Reimbursable obligations..........           7           7           6
99.5  Below reporting threshold.........           2           1           2
                                           ---------   ---------  ----------

99.9    Total obligations...............         240         232         232
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 11-0100-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Direct:
      Total compensable workyears:

1001    Full-time equivalent employment.       1,160       1,202       1,207
1005    Full-time equivalent of overtime 
          and holiday hours.............           4           4           4
    Reimbursable:
2001  Total compensable workyears: Full-
        time equivalent employment......           5           5           5
---------------------------------------------------------------------------

                                

                  Peace Corps Miscellaneous Trust Funds

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-9972-0-7-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Balance, start of year:
01.99 Balance, start of year............
    Receipts:
02.01 Miscellaneous trust funds, Peace 
        Corps...........................           1           1           1
    Appropriation:
05.01 Peace Corps miscellaneous trust 
        fund............................          -1          -1          -1
07.99 Total balance, end of year........
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-9972-0-7-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        26.0)...........................           1           1           1
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................           2           2           2
22.00 New budget authority (gross)......           1           1           1
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......           3           3           3
23.95 New obligations...................          -1          -1          -1
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....           2           2           1
----------------------------------------------------------------------------

    New budget authority (gross), detail:
60.27 Appropriation (trust fund, 
        indefinite).....................           1           1           1
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................           1           1           1
73.20 Total outlays (gross).............          -1          -1          -1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.98 Outlays from permanent balances...           1           1           1
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........           1           1           1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           1           1           1
90.00 Outlays...........................           1           1           1
---------------------------------------------------------------------------

    Miscellaneous contributions received by gift, devise, bequest, or 
from foreign governments are used in furtherance of the program, as 
authorized by 22 U.S.C. 2509(a)(3) (75 Stat. 612, as amended). Trust 
funds also include a fund to pay separation costs for Foreign Service 
National employees of the Peace Corps in those countries in which such 
pay is legally authorized. The fund, as authorized by Public Law 102-
138, is maintained by annual Government contributions which are 
appropriated in the Peace Corps salaries and expenses account.

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 11-9972-0-7-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
1001  Total compensable workyears: Full-
        time equivalent employment......           3           3           3
---------------------------------------------------------------------------

                                

                        Inter-American Foundation

                              Federal Funds

General and special funds:

                        inter-american foundation

                    For expenses necessary to carry out the functions of 
            the Inter-American Foundation in accordance with the 
            provisions of section 401 of the Foreign Assistance Act of 
            1969, and to make such contracts and commitments without 
            regard to fiscal year limitations, as provided by 31 U.S.C. 
            9104, $20,000,000.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-3100-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Development Grants................          23          19          17
00.02 Development Research and 
        Evaluation......................           1           1           1
00.03 In-country Support................           4           4           3
00.04 Program Management and Operation..           8           7           7
                                           ---------   ---------  ----------

10.00   Total obligations...............          36          31          28
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.90 Unobligated balance available, 
        start of year: Fund balance.....          11           8           7
22.00 New budget authority (gross)......          33          30          28
                                           ---------   ---------  ----------
                                                                  
[[Page 110]]

23.90   Total budgetary resources 
          available for obligation......          44          38          35
23.95 New obligations...................         -36         -31         -28
24.90 Unobligated balance available, end 
        of year: Fund balance...........           8           7           7
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Current:

40.00   Appropriation...................          31          20          20
      Permanent:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           2          10           8
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................          33          30          28
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          27          28          18
73.10 New obligations...................          36          31          28
73.20 Total outlays (gross).............         -36         -41         -38
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          28          18           8
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority          19          10          10
86.93 Outlays from current balances.....          14          21          14
86.97 Outlays from new permanent 
        authority.......................           2           3           3
86.98 Outlays from permanent balances...                       7          11
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          36          41          38
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -2         -10          -8
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          31          20          20
90.00 Outlays...........................          33          31          30
---------------------------------------------------------------------------

    Established by the 1969 Foreign Assistance Act, the Inter-American 
Foundation supports grassroots development initiatives in Latin America 
and the Caribbean with a direct impact on the lives and the capacity for 
self reliance of people at the lowest economic levels. In addition to 
appropriations and private gifts, the Foundation is funded by annual 
transfers from the Social Progress Trust Fund administered by the Inter-
American Development Bank. In FY 1997, the IAF will adopt a new 
strategic programming approach to help grassroots organizations gain 
greater access to local public and private sector resources. Through its 
resource mobilization initiative, IAF will shift away from grants for 
individual projects to promote support for regional and country level 
grassroots development networks and consortia. These new regional 
structures build on local capacity and attract national and 
international co-financing partners, increasing the self-sufficiency and 
scale of grassroots development and lessen dependance on U.S. 
development aid. Using the Grassroots Development Framework, the 
Foundation will evaluate its results data collection system and make 
improvements as indicated, it will also disseminate the results 
assessment system to partner organizations in the region and other 
donors and grassroots practioners in general.


    Development Grants.--This activity includes the cost of all grants 
made directly to grassroots membership and service organizations to 
carry out development projects in Latin America and the Caribbean. In 
1997, the Foundation plans to award approximately 160 grants and 190 
grant supplements in 28 countries.


    Development Research and Evaluation.--This activity funds grants and 
fellowships for grassroots development research and for the evaluation 
of the Foundation's projects.


    In-country Support.--Resources associated with this activity are 
used by local development professionals in Latin America and the 
Caribbean to provide grantees with technical assistance and training 
when necessary to conduct and assess the results of their projects.


    Program Management and Operation.--This activity includes Foundation 
expenses for salaries and benefits, travel expenses, rent, publication 
costs and service contracts, and other support costs.


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-3100-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................           4           4           4
12.1  Civilian personnel benefits.......           1           1           1
21.0  Travel and transportation of 
        persons.........................           1           1
23.2  Rental payments to others.........           1           1           1
25.1  Advisory and assistance services..           5           4           4
41.0  Grants, subsidies, and 
        contributions...................          24          19          18
99.5  Below reporting threshold.........                       1
                                           ---------   ---------  ----------

99.9    Total obligations...............          36          31          28
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 11-3100-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Total compensable workyears:
1001  Full-time equivalent employment...          67          68          68
1005  Full-time equivalent of overtime 
        and holiday hours...............           1           1
---------------------------------------------------------------------------

                                

                     African Development Foundation

                              Federal Funds

General and special funds:

                     african development foundation

                    For necessary expenses to carry out the provisions 
            of Title V of the International Security and Development 
            Cooperation Act of 1980, Public Law 96-533, and to make such 
            contracts and commitments without regard to fiscal year 
            limitations, as provided by 31 U.S.C. 9104, $12,500,000: 
            Provided, That when, with the permission of the President of 
            the Foundation, funds made available to a grantee are 
            invested pending disbursement, the resulting interest is not 
            required to be deposited in the United States Treasury if 
            the grantee uses the resulting interest for the purpose for 
            which the grant was made: Provided further, That this 
            provision applies with respect to both interest earned 
            before and interest earned after the enactment of this 
            provision: Provided further, That notwithstanding section 
            505(a)(2) of the African Development Foundation Act, in 
            exceptional circumstances the board of directors of the 
            Foundation may waive the $250,000 limitation contained in 
            that section with respect to a project: Provided further, 
            That the Foundation shall provide a report to the Committees 
            on Appropriations after each time such waiver authority is 
            exercised.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0700-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Development Grants................           9           5           7
00.02 Development Research and 
        Dissemination...................           1           1           1
00.03 In-country Support................           2           2           2
00.04 Program Management and Operation..           5           4           3
                                           ---------   ---------  ----------

10.00   Total obligations...............          17          12          13
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          17          12          13
23.95 New obligations...................         -17         -12         -13
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          17          12          13
----------------------------------------------------------------------------

[[Page 111]]


    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          16          17          14
73.10 New obligations...................          17          12          13
73.20 Total outlays (gross).............         -16         -15         -14
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation          17          14          14
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new current authority           7           5           6
86.93 Outlays from current balances.....           9          10           8
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          16          15          14
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          17          12          13
90.00 Outlays...........................          16          15          14
---------------------------------------------------------------------------

    The African Development Foundation is a public corporation whose 
mission is to help reduce poverty and promote sustainable development in 
Africa by assisting grassroots organizations and communities. The 
Foundation uses an innovative participatory methodology which expands 
the capabilities of its grantees to assure positive development outcomes 
for their constituents and surrounding grassroots communities in Africa. 
Through small grants made directly to private organizations in Africa, 
the Foundation promotes sustainable, self-reliant development and 
demonstrates the efficiency of its participatory approach in a variety 
of settings, from rural villages to the academic community. 
Organizations receiving support from the Foundation are carefully 
selected to assure that they are responsible for the design, 
implementation, and management of their projects. The processes they use 
for decisionmaking and problem solving are documented and disseminated 
to parties interested in development.


    Over the past year, the Foundation has taken significant steps to 
reduce its operating costs and to streamline its operations, while 
improving its focus and impact. In 1997, the Foundation plans to fund 
projects in 16-18 African countries.


    Development Grants.--Funds associated with this activity are used to 
award grants to African grassroots organizations to fund self-directed 
development projects.


    Development Research and Dissemination.--This activity represents 
grants awarded to African researchers to carry out practical research on 
local development problems and to disseminate the lessons learned from 
this research and from the Foundation's other development activities.


    In-Country Support.--Funds included in this activity are used to 
fund technical assistance and other support by African professionals to 
Foundation-funded grant projects.


    Program Management and Operation.--This activity includes expenses 
for staff salaries and benefits, rent, travel, communications and other 
support costs.


               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0700-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................           2           2           2
12.1  Civilian personnel benefits.......           1           1
41.0  Grants, subsidies, and 
        contributions...................          12           7           9
99.5  Below reporting threshold.........           2           2           2
                                           ---------   ---------  ----------

99.9    Total obligations...............          17          12          13
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 11-0700-0-1-151      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
1001  Total compensable workyears: Full-
        time equivalent employment......          49          30          30
---------------------------------------------------------------------------

                                

  


 
                     INTERNATIONAL MONETARY PROGRAMS

                              Federal Funds

General and special funds:

            United States Quota, International Monetary Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0003-0-1-155      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.02 Valuation adjustment on IMF 
        reserve position................       2,721
                                           ---------   ---------  ----------

10.00   Total obligations (object class 
          33.0).........................       2,721
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................      11,232      15,827      15,827
22.00 New budget authority (gross)......       2,721
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................       4,596
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......      18,549      15,827      15,827
23.95 New obligations...................      -2,721
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....      15,827      15,827      15,827
----------------------------------------------------------------------------

    New budget authority (gross), detail:
60.05 Appropriation (indefinite)........       2,721
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation      26,760      25,170      25,170
73.10 New obligations...................       2,721
73.20 Total outlays (gross).............         284
73.45 Adjustments in unexpired accounts.      -4,596
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation      25,170      25,170      25,170
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new permanent 
        authority.......................        -284
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........        -284
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       2,721
90.00 Outlays...........................        -284
---------------------------------------------------------------------------

    As part of a general increase in IMF quota resources, the U.S. quota 
was increased in December, 1992 to SDR 26,526.3 billion (about $39 
billion). The increase in the U.S. quota involved no net budget outlays. 
Similarly, use by the IMF of the quota commitment does not result in net 
budget outlays, because the United States receives an increase in its 
international monetary reserves corresponding to any transfer of dollars 
under the U.S. quota subscription. The United States can use these 
interest-bearing reserves automatically to meet a balance of payments 
financing need.


                                

                  Loans to International Monetary Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0074-0-1-155      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................       6,260       6,260       6,260
22.00 New budget authority (gross)......
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......       6,260       6,260       6,260
23.95 New obligations...................
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....       6,260       6,260       6,260
----------------------------------------------------------------------------

    New budget authority (gross), detail:
70.00 Total new budget authority (gross)
----------------------------------------------------------------------------

[[Page 112]]


    Change in unpaid obligations:
73.10 New obligations...................
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total outlays (gross).............
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    The General Arrangements to Borrow (GAB) were established in 1962 by 
10 industrial countries, including the United States, as a means of 
supplementing the IMF's resources when needed to forestall or cope with 
an impairment of the international monetary system. GAB members agreed 
in early 1983 to increase their financial commitments to the GAB from 
approximately SDR 6.3 billion to SDR 17 billion, with the U.S. share 
rising from $2.0 billion to SDR 4.250 billion, approximately $6.4 
billion at the October 1995 exchange rate. Financing extended by the 
United States under the GAB does not result in any net budget outlays 
because the United States receives an increase in its international 
reserve assets corresponding to any transfer to the IMF under the U.S. 
credit line.


    During 1994, no calls were made on the U.S. commitment under the 
GAB, and no U.S. loans were outstanding at the end of the year.


                                

     Contribution To Enhanced Structural Adjustment Facility of the 
                       International Monetary Fund

                    For payment to the Interest Subsidy Account of the 
            Enhanced Structural Adjustment Facility of the International 
            Monetary Fund, $7,000,000, to remain available until 
            expended.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0005-0-1-155      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Contribution for subsidy..........          25                       7
                                           ---------   ---------  ----------

10.00   Total obligations (object class 
          41.0).........................          25                       7
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          25                       7
23.95 New obligations...................         -25                      -7
----------------------------------------------------------------------------

    New budget authority (gross), detail:
40.00 Appropriation.....................          25                       7
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation         110         116          97
73.10 New obligations...................          25                       7
73.20 Total outlays (gross).............         -19         -19         -26
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation         116          97          78
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from current balances.....          19          19          26
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          19          19          26
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          25                       7
90.00 Outlays...........................          19          19          26
---------------------------------------------------------------------------

    The Enhanced Structural Adjustment Facility (ESAF) was created in 
1987 to enable the International Monetary Fund to provide balance of 
payments assistance on concessional terms to low-income developing 
countries with protracted payments problems. Borrowers must be prepared 
to adopt multi-year economic and structural reform programs.


    The resources of the ESAF are provided through loans to the ESAF 
Trust and special interest subsidy contributions by member countries. 
Nearly $7.5 billion in concessional loans have been committed under the 
original facility. In 1994 the IMF membership agreed to a successor 
ESAF, bringing the total loan amount available to roughly $15 billion. 
Loans are disbursed over a three-year period with repayments ending 10 
years from the date of disbursement. The interest subsidy contributions 
underwrite a 0.5 percent concessional rate of interest.


    The Congress approved $150 million for the U.S. contribution to the 
initial ESAF interest subsidy account. The Administration offered to 
contribute an additional $100 million to the interest subsidy account of 
the enhanced ESAF, with outlays to occur over a 15-year period beginning 
in Fiscal Year 1997. Congress authorized and appropriated $25 million in 
Fiscal Year 1995. The Administration sought but did not receive $25 
million in 1996. The Administration is seeking a reduced amount of $7 
million, based on the minimum amount necessary to meet the outlay 
commitments, for Fiscal Year 1997. It is also seeking authorization of 
the remaining $75 million of the commitment.


                                


 
                         MILITARY SALES PROGRAMS

                              Federal Funds

Public enterprise funds:

                    Special Defense Acquisition Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4116-0-3-155      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (Purchases of 
        defense items)..................          26           6           7
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.90 Unobligated balance available, 
        start of year: Fund balance.....         399         343         198
22.00 New budget authority (gross)......
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           7           2           2
22.40 Capital transfer to general fund..         -37        -142
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......         369         203         200
23.95 New obligations...................         -26          -6          -7
24.90 Unobligated balance available, end 
        of year: Fund balance...........         343         198         193
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...         245         178         166
68.27   Capital transfer to general fund        -245        -178        -166
                                           ---------   ---------  ----------

68.90     Spending authority from 
            offsetting collections 
            (total).....................
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.90 Unpaid obligations, start of year: 
        Obligated balance: Fund balance.         251         111          65
73.10 New obligations...................          26           6           7
73.20 Total outlays (gross).............        -160         -49         -38
73.45 Adjustments in unexpired accounts.          -7          -2          -2
74.90 Unpaid obligations, end of year: 
        Obligated balance: Fund balance: 
        Uninvested balance..............         111          65          32
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from current balances.....         160          49          38
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........         160          49          38
----------------------------------------------------------------------------

[[Page 113]]


    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....        -245        -178        -166
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................        -245        -178        -166
90.00 Outlays...........................         -86        -129        -128
---------------------------------------------------------------------------

    This fund shows the financing transactions related to the transfer 
of defense articles and services to foreign countries and international 
organizations. This program is being phased out.


                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   11-4116-0-3-155    1994 actual    1995 actual     1996 est.      1997 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....         650            454           253            225
        Investments in US securities:
1106      Receivables, net..............          26             25            25             25
1802  Other Federal assets: Inventories 
        and related properties..........         286            204            85             52
                                        ------------ --------------  ------------  -------------
1999    Total assets....................         962            683           363            302
    LIABILITIES:
2101  Federal liabilities: Accounts 
        payable.........................           8
      Non-Federal liabilities:

2201    Accounts payable................           8
2207    Other...........................         142            161           161            266
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............         158            161           161            266
    NET POSITION:
3200  Invested capital..................         804            522           202             36
                                        ------------ --------------  ------------  -------------
3999    Total net position..............         804            522           202             36
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position         962            683           363            302
-----------------------------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4116-0-3-155      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
25.2  Other services....................                       6           7
31.0  Equipment.........................          26
                                           ---------   ---------  ----------

99.9    Total obligations...............          26           6           7
---------------------------------------------------------------------------

                                

  

                               Trust Funds

                    Foreign Military Sales Trust Fund

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-8242-0-7-155      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------
    Balance, start of year:
01.99 Encumbered future receipts, start 
        of year.........................     -16,389     -18,788     -17,818
    Receipts:
02.01 Deposits, advances, foreign 
        military sales..................      12,469      13,020      12,230
                                           ---------   ---------  ----------

04.00 Total: Balances and collections...      -3,920      -5,768      -5,588
    Appropriation:
05.01 Foreign military sales trust fund.     -14,868     -12,050     -12,320
07.99 Total balance, end of year........     -18,788     -17,818     -16,478
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-8242-0-7-155      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Reimbursable activity:

00.01   Military personnel..............          78          75          68
00.02   Operations and maintenance......         239         230         208
00.03   Procurement.....................      12,653      10,138       9,123
00.04   Research, development, test, and 
          evaluation....................          22          18          16
00.05   Special defense acquisition fund         245         178         166
00.06   Revolving and mgt funds.........       1,167         946         855
00.07 Construction......................         113         110          99
00.08 Other.............................         351         355         355
                                           ---------   ---------  ----------

10.00   Total obligations (object class 
          25.3).........................      14,868      12,050      10,890
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......      14,868      12,050      10,890
23.95 New obligations...................     -14,868     -12,050     -10,890
----------------------------------------------------------------------------

    New budget authority (gross), detail:
60.27 Appropriation (trust fund, 
        indefinite).....................      12,469      13,020      12,230
60.49 Portion applied to liquidate 
        contract authority..............     -12,469     -13,020     -12,230
                                           ---------   ---------  ----------

63.00   Appropriation (total)...........
66.15 Contract authority (indefinite)...      14,868      12,050      10,890
                                           ---------   ---------  ----------

70.00   Total new budget authority 
          (gross).......................      14,868      12,050      10,890
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

        Obligated balance:
72.40     Appropriation.................       6,410       5,462       5,332
72.49     Contract authority............      16,389      18,788      17,818
                                           ---------   ---------  ----------

72.99     Total unpaid obligations, 
            start of year...............      22,799      24,250      23,150
73.10 New obligations...................      14,868      12,050      10,890
73.20 Total outlays (gross).............     -13,417     -13,150     -12,320
      Unpaid obligations, end of year:

        Obligated balance:
74.40     Appropriation.................       5,462       5,332       5,242
74.49     Contract authority............      18,788      17,818      16,478
                                           ---------   ---------  ----------

74.99     Total unpaid obligations, end 
            of year.....................      24,250      23,150      21,720
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new permanent 
        authority.......................       1,543       1,512       1,417
86.98 Outlays from permanent balances...      11,874      11,638      10,903
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........      13,417      13,150      12,320
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................      14,868      12,050      10,890
90.00 Outlays...........................      13,417      13,150      12,320
---------------------------------------------------------------------------

            Status of Contract Authority (in millions of dollars)

----------------------------------------------------------------------------
Unfunded balance, start of year.........     16,389       18,788      17,818
Contract authority......................     14,468       12,050      10,890
Appropriation to liquidate contract 
  authority.............................    -12,469      -13,020     -12,230
                                        -----------  -----------  ----------
Unfunded balance, end of year...........     18,788       17,818      16,478
----------------------------------------------------------------------------

    This trust fund facilitates government-to-government sales of 
defense articles, defense services, and design and construction 
services. Estimates of sales used in this budget are (in millions of 
dollars):

                                     1995 actual  1996 est.   1997 est.
Estimates of new orders (sales).....       9,054       9,781       9,523

    Orders placed through this trust fund can be combined with 
procurement for U.S. military departments. The savings are shared by the 
United States and foreign governments. The net impact of foreign 
military sales on the budget is (in thousands of dollars):

                                     1995 actual  1996 est.   1997 est.
Obligations of the fund.............      14,868      12,050      10,890
Receipts from foreign governments 
(appropriation).....................     -12,469     -13,020     -12,230
                                    ------------------------------------
    Net budget authority............       2,399        -970      -1,340
                                    ====================================
Payments from the fund (outlays)....      13,417      13,150      12,320
Receipts from foreign governments 
(appropriation).....................     -12,469     -13,020     -12,230
                                    ------------------------------------
    Net outlays.....................         947         130          90
                                    ====================================

                                

[[Page 114]]


                 Kuwait Civil Reconstruction Trust Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-8238-0-7-155      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        25.2)...........................                       2
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................           3           3
22.00 New budget authority (gross)......
22.30 Unobligated balance expiring......                      -1
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......           3           2
23.95 New obligations...................                      -2
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....           3
----------------------------------------------------------------------------

    New budget authority (gross), detail:
70.00 Total new budget authority (gross)
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 New obligations...................                       2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.98 Outlays from permanent balances...                       2
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    This trust fund was established to show the U.S. costs in helping 
the Government of Kuwait survey and assess the cost of repairing its 
civil infrastructure. The Government of Kuwait reimburses the United 
States with its own funds for all incurred expenses. Any unused funds 
will be returned to the Government of Kuwait.


                                


 
                 SPECIAL ASSISTANCE FOR CENTRAL AMERICA

                              Federal Funds

General and special funds:

                   Demobilization and Transition Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1500-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Obligations by program activity:
10.00 Total obligations (object class 
        41.0)...........................          14           3
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance available, 
        start of year: Uninvested 
        balance.........................          17           3
22.00 New budget authority (gross)......
                                           ---------   ---------  ----------

23.90   Total budgetary resources 
          available for obligation......          17           3
23.95 New obligations...................         -14          -3
24.40 Unobligated balance available, end 
        of year: Uninvested balance.....           3
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation          18           6           6
73.10 New obligations...................          14           3
73.20 Total outlays (gross).............         -26          -3          -3
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation           6           6           3
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from current balances.....          26           3           3
                                           ---------   ---------  ----------

87.00   Total outlays (gross)...........          26           3           3
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................          26           3           3
---------------------------------------------------------------------------

    Funds for this account were transferred from Foreign Military 
Financing pursuant to P.L. 101-513, to support costs of demobilization, 
retraining, relocation, and reemployment in civilian pursuits of former 
combatants in the conflict in El Salvador.


                                

               Central American Reconciliation Assistance

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1038-0-1-152      1995 actual   1996 est.   1997 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......
----------------------------------------------------------------------------

    Change in unpaid obligations:
72.40 Unpaid obligations, start of year: 
        Obligated balance: Appropriation           1           1           1
73.10 New obligations...................
74.40 Unpaid obligations, end of year: 
        Obligated balance: Appropriation           1           1           1
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total outlays (gross).............
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    Funds for this account were transferred from the Department of 
Defense in accordance with Public Law 101-14 in order to provide 
humanitarian assistance to the Nicaraguan democratic resistance. 
Adjustments to the account were made in Public Law 101-119 and Public 
Law 101-215.


                                

  


 
                       TITLE V--GENERAL PROVISIONS

              Obligations During Last Month of Availability

    Sec. 501. Except for the appropriations entitled ``International 
Disaster Assistance'', and ``United States Emergency Refugee and 
Migration Assistance Fund'', not more than 15 per centum of any 
appropriation item made available by this Act shall be obligated during 
the last month of availability.

      Prohibition of Bilateral Funding for International Financial 
                              Institutions

    Sec. 502. None of the funds contained in title II of this Act may be 
used to carry out the provisions of section 209(d) of the Foreign 
Assistance Act of 1961.

                    Limitation on Residence Expenses

    Sec. 503. Of the funds appropriated or made available pursuant to 
this Act, not to exceed $126,500 shall be for official residence 
expenses of the Agency for International Development during the current 
fiscal year: Provided, That appropriate steps shall be taken to assure 
that, to the maximum extent possible, United States-owned foreign 
currencies are utilized in lieu of dollars.

                         Limitation on Expenses

    Sec. 504. Of the funds appropriated or made available pursuant to 
this Act, not to exceed $5,000 shall be for entertainment expenses of 
the Agency for International Development during the current fiscal year.

                Limitation on Representational Allowances

    Sec. 505. Of the funds appropriated or made available pursuant to 
this Act, not to exceed $95,000 shall be available for representation 
allowances for the Agency for International Development during the 
current fiscal year: Provided, That appropriate steps shall be taken to 
assure that, to the maximum extent possible, United States-owned foreign 
currencies are utilized in lieu of dollars: Provided further,

[[Page 115]]
That of the funds made available by this Act for general costs of 
administering military assistance and sales under the heading ``Foreign 
Military Financing Program'', not to exceed $2,000 shall be available 
for entertainment expenses and not to exceed $50,000 shall be available 
for representation allowances: Provided further, That of the funds made 
available by this Act under the heading ``International Military 
Education and Training'', not to exceed $50,000 shall be available for 
entertainment allowances: Provided further, That of the funds made 
available by this Act for the Inter-American Foundation, not to exceed 
$2,000 shall be available for entertainment and representation 
allowances: Provided further, That of the funds made available by this 
Act for the Peace Corps, not to exceed a total of $4,000 shall be 
available for entertainment expenses: Provided further, That of the 
funds made available by this Act under the heading ``Trade and 
Development Agency'', not to exceed $2,000 shall be available for 
representation and entertainment allowances.

                 Prohibition on Financing Nuclear Goods

    Sec. 506. None of the funds appropriated or made available (other 
than funds for ``International Organizations and Programs'') pursuant to 
this Act, for carrying out the Foreign Assistance Act of 1961, may be 
used, except for purposes of nuclear safety, to finance the export of 
nuclear equipment, fuel, or technology.

        Prohibition Against Direct Funding for Certain Countries

    Sec. 507. None of the funds appropriated or otherwise made available 
pursuant to this Act shall be obligated or expended to finance directly 
any assistance or reparations to Cuba, Iraq, Libya, North Korea, Iran, 
[Serbia,] Sudan, or Syria, unless the President determines that to do so 
is in the national interest of the United States: Provided, That for 
purposes of this section, the prohibition on obligations or expenditures 
shall include direct loans, credits, insurance and guarantees of the 
Export-Import Bank or its agents.

                             Military Coups

    Sec. 508. None of the funds appropriated or otherwise made available 
pursuant to this Act shall be obligated or expended to finance directly 
any assistance to any country whose duly elected Head of Government is 
deposed by military coup or decree, unless the President determines that 
to do so is in the national interest of the United States: Provided, 
That assistance may be resumed to such country if the President 
determines and reports to the Committees on Appropriations that 
subsequent to the termination of assistance a democratically elected 
government has taken office.

                       Transfers Between Accounts

    Sec. 509. None of the funds made available by this Act may be 
obligated under an appropriation account to which they were not 
appropriated, except for transfers specifically provided for in this 
Act, unless the President, prior to the exercise of any authority 
contained in the Foreign Assistance Act of 1961 to transfer funds, 
consults with and provides a written policy justification to the 
Committees on Appropriations of the House of Representatives and the 
Senate: Provided, That the exercise of such authority shall be subject 
to the regular notification procedures of the Committees on 
Appropriations, except for transfers specifically referred to in this 
Act.

                   Deobligation/Reobligation Authority

    Sec. 510. (a) Amounts certified pursuant to section 1311 of the 
Supplemental Appropriations Act, 1955, as having been obligated against 
appropriations heretofore made under the authority of the Foreign 
Assistance Act of 1961 for the same general purpose as any of the 
headings under title II of this Act are, if deobligated, hereby 
continued available for the same period as the respective appropriations 
under such headings or until September 30, [1996] 1997, whichever is 
later, and for the same general purpose, and for countries within the 
same region as originally obligated: Provided, That the Appropriations 
Committees of both Houses of the Congress are notified fifteen days in 
advance of the [deobligation and] reobligation of such funds in 
accordance with regular notification procedures of the Committees on 
Appropriations.
    (b) Obligated balances of funds appropriated to carry out section 23 
of the Arms Export Control Act as of the end of the fiscal year 
immediately preceding the current fiscal year are, if deobligated, 
hereby continued available during the current fiscal year for the same 
purpose under any authority applicable to such appropriations under this 
Act: Provided, That the authority of this subsection may not be used in 
fiscal year [1996] 1997.

                          Availability of Funds

    Sec. 511. No part of any appropriation contained in this Act shall 
remain available for obligation after the expiration of the current 
fiscal year unless expressly so provided in this Act: Provided, That 
funds appropriated for the purposes of chapters 1, 8 and 11 of part I, 
section 667, and chapter 4 of part II of the Foreign Assistance Act of 
1961, as amended, and funds provided under the heading ``Assistance for 
Eastern Europe and the Baltic States'', shall remain available until 
expended if such funds are initially obligated before the expiration of 
their respective periods of availability contained in this Act: Provided 
further, That, notwithstanding any other provision of this Act, any 
funds made available for the purposes of chapter 1 of part I and chapter 
4 of part II of the Foreign Assistance Act of 1961 which are allocated 
or obligated for cash disbursements in order to address balance of 
payments or economic policy reform objectives, shall remain available 
until expended: Provided further, That the report required by section 
653(a) of the Foreign Assistance Act of 1961 shall designate for each 
country, to the extent known at the time of submission of such report, 
those funds allocated for cash disbursement for balance of payment and 
economic policy reform purposes.

            Limitation on Assistance to Countries in Default

    Sec. 512. No part of any appropriation contained in this Act shall 
be used to furnish assistance to any country which is in default during 
a period in excess of one calendar year in payment to the United States 
of principal or interest on any loan made to such country by the United 
States pursuant to a program for which funds are appropriated under this 
Act, unless the President determines that furnishing assistance to such 
country is in the national interest of the United States: Provided, That 
this section and section 620(q) of the Foreign Assistance Act of 1961 
shall not apply to funds made available in this Act or during the 
current fiscal year for Nicaragua, and for any narcotics-related 
assistance for Colombia, Bolivia, and Peru authorized by the Foreign 
Assistance Act of 1961 or the Arms Export Control Act.

                          [Commerce and Trade]

    [Sec. 513. (a) None of the funds appropriated or made available 
pursuant to this Act for direct assistance and none of the funds 
otherwise made available pursuant to this Act to the Export-Import Bank 
and the Overseas Private Investment Corporation shall be obligated or 
expended to finance any loan, any assistance or any other financial 
commitments for establishing or expanding production of any commodity 
for export by any country other than the United States, if the commodity 
is likely to be in surplus on world markets at the time the resulting 
productive capacity is expected to become operative and if the 
assistance will cause substantial injury to United States producers of 
the same, similar, or competing commodity: Provided, That such 
prohibition shall not apply to the Export-Import Bank if in the judgment 
of its Board of Directors the benefits to industry and employment in the 
United States are likely to outweigh the injury to United States 
producers of the same, similar, or competing commodity, and the Chairman 
of the Board so notifies the Committees on Appropriations.]
    [(b) None of the funds appropriated by this or any other Act to 
carry out chapter 1 of part I of the Foreign Assistance Act of 1961 
shall be available for any testing or breeding feasibility study, 
variety improvement or introduction, consultancy, publication, 
conference, or training in connection with the growth or production in a 
foreign country of an agricultural commodity for export which would 
compete with a similar commodity grown or produced in the United States: 
Provided, That this subsection shall not prohibit--
        (1) activities designed to increase food security in developing 
    countries where such activities will not have a significant impact 
    in the export of agricultural commodities of the United States; or
        (2) research activities intended primarily to benefit American 
    producers.]

                          [Surplus Commodities]

    [Sec. 514. The Secretary of the Treasury shall instruct the United 
States Executive Directors of the International Bank for Reconstruction 
and Development, the International Development Association, the 
International Finance Corporation, the Inter-American Development Bank, 
the International Monetary Fund, the Asian Development Bank, the Inter-
American Investment Corporation, the North American Development Bank, 
the European Bank for Reconstruction and

[[Page 116]]
Development, the African Development Bank, and the African Development 
Fund to use the voice and vote of the United States to oppose any 
assistance by these institutions, using funds appropriated or made 
available pursuant to this Act, for the production or extraction of any 
commodity or mineral for export, if it is in surplus on world markets 
and if the assistance will cause substantial injury to United States 
producers of the same, similar, or competing commodity.]

                        Notification Requirements

    Sec. [515] 513. For the purposes of providing the Executive Branch 
with the necessary administrative flexibility, none of the funds made 
available under this Act for ``Development Assistance'', ``Development 
Fund for Africa'', ``International organizations and programs'', ``Trade 
and Development Agency'', ``International narcotics control'', 
``Assistance for Eastern Europe and the Baltic States'', ``Assistance 
for the New Independent States of the Former Soviet Union'', ``Economic 
Support Fund'', ``Peacekeeping operations'', ``Operating expenses of the 
Agency for International Development'', ``Operating expenses of the 
Agency for International Development Office of Inspector General'', 
``Nonproliferation and Disarmament Fund'', ``Anti-terrorism 
assistance'', ``Foreign Military Financing Program'', ``International 
military education and training'', ``Inter-American Foundation'', 
``African Development Foundation'', ``Peace Corps'', ``Migration and 
refugee assistance'', shall be available for obligation for strategic 
objectives, activities, programs, projects, type of materiel assistance, 
countries, or other operations not justified or in excess of the amount 
justified to the Appropriations Committees for obligation under any of 
these specific headings unless the Appropriations Committees of both 
Houses of Congress are [previously] notified fifteen days in advance: 
Provided, That the President shall not enter into any commitment of 
funds appropriated for the purposes of section 23 of the Arms Export 
Control Act for the provision of major defense equipment, other than 
conventional ammunition, or other major defense items defined to be 
aircraft, ships, missiles, or combat vehicles, not previously justified 
to Congress or 20 per centum in excess of the quantities justified to 
Congress unless the Committees on Appropriations are notified fifteen 
days in advance of such commitment: Provided further, That this section 
shall not apply to any reprogramming for a strategic objective, an 
activity, program, or project under chapter 1 of part I of the Foreign 
Assistance Act of 1961 of less than 10 per centum of the amount 
previously justified to the Congress for obligation for such activity, 
program, or project for the current fiscal year: Provided further, That 
the requirements of this section or any similar provision of this or any 
other Act [or] including any prior Act requiring notification in 
accordance with the regular notification procedures of the Committees on 
Appropriations may be waived if failure to do so would pose a 
substantial risk to human health [or], welfare or the national interest 
of the United States: Provided further, That in case of any such waiver, 
notification to the Congress, or the appropriate congressional 
committees, shall be provided as early as practicable, but in no event 
later than three days after taking the action to which such notification 
requirement was applicable, in the context of the circumstances 
necessitating such waiver: Provided further, That any notification 
provided pursuant to such a waiver shall contain an explanation of the 
emergency circumstances.
    Drawdowns made pursuant to section 506(a)(2) of the Foreign 
Assistance Act of 1961 shall be subject to the regular notification 
procedures of the Committees on Appropriations.

Limitation on Availability of Funds for International Organizations and 
                                Programs

    Sec. [516] 514. Notwithstanding any other provision of law or of 
this Act, none of the funds provided for ``International Organizations 
and Programs'' shall be available for the United States proportionate 
share, in accordance with section 307(c) of the Foreign Assistance Act 
of 1961, for any programs identified in section 307, or for Libya, Iran, 
or, at the discretion of the President, Communist countries listed in 
section 620(f) of the Foreign Assistance Act of 1961, as amended: 
Provided, That, subject to the regular notification procedures of the 
Committees on Appropriations, funds appropriated under this Act or any 
previously enacted Act making appropriations for foreign operations, 
export financing, and related programs, which are returned or not made 
available for organizations and programs because of the implementation 
of this section or any similar provision of law, shall remain available 
for obligation through September 30, 1997.

              [Economic Support Fund Assistance for Israel]

    [Sec. 517. The Congress finds that progress on the peace process in 
the Middle East is vitally important to United States security interests 
in the region. The Congress recognizes that, in fulfilling its 
obligations under the Treaty of Peace Between the Arab Republic of Egypt 
and the State of Israel, done at Washington on March 26, 1979, Israel 
incurred severe economic burdens. Furthermore, the Congress recognizes 
that an economically and militarily secure Israel serves the security 
interests of the United States, for a secure Israel is an Israel which 
has the incentive and confidence to continue pursuing the peace process. 
Therefore, the Congress declares that, subject to the availability of 
appropriations, it is the policy and the intention of the United States 
that the funds provided in annual appropriations for the Economic 
Support Fund which are allocated to Israel shall not be less than the 
annual debt repayment (interest and principal) from Israel to the United 
States Government in recognition that such a principle serves United 
States interests in the region.]

   Prohibition on Funding for Abortions and Involuntary Sterilization

    Sec. [518] 515. None of the funds made available to carry out part I 
of the Foreign Assistance Act of 1961, as amended, may be used to pay 
for the performance of abortions as a method of family planning or to 
motivate or coerce any person to practice abortions. None of the funds 
made available to carry out part I of the Foreign Assistance Act of 
1961, as amended, may be used to pay for the performance of involuntary 
sterilization as a method of family planning or to coerce or provide any 
financial incentive to any person to undergo sterilizations. None of the 
funds made available to carry out part I of the Foreign Assistance Act 
of 1961, as amended, may be used to pay for any biomedical research 
which relates in whole or in part, to methods of, or the performance of, 
abortions or involuntary sterilization as a means of family planning. 
None of the funds made available to carry out part I of the Foreign 
Assistance Act of 1961, as amended, may be obligated or expended for any 
country or organization if the President certifies that the use of these 
funds by any such country or organization would violate any of the above 
provisions related to abortions and involuntary sterilizations: 
Provided, That none of the funds made available under this Act may be 
used to lobby for or against abortion.

                 [Authorization of Population Planning]

    [Sec. 518A. Notwithstanding section 526 of this Act, none of the 
funds made available in this Act for population planning activities or 
other population assistance pursuant to section 104(b) of the Foreign 
Assistance Act or any other provision of law, or funds made available in 
title IV of this Act as a contribution to the United Nations Population 
Fund (UNFPA) may be obligated or expended prior to July 1, 1996, unless 
such funding is expressly authorized by law: Provided, That if such 
funds are not authorized by law prior to July 1, 1996, funds 
appropriated in title II of this Act for population planning activities 
or other population assistance may be made available for obligation and 
expenditure in an amount not to exceed 65 percent of the total amount 
appropriated or otherwise made available by Public Law 103-306 and 
Public Law 104-19 for such activities for fiscal year 1995, and funds 
appropriated in title IV of this Act as a contribution to the United 
Nations Population Fund (UNFPA) may be made available for obligation and 
expenditure in an amount not to exceed 65 percent of the total amount 
appropriated or otherwise made available by Public Law 103-306 and 
Public Law 104-19 for a contribution to UNFPA for fiscal year 1995: 
Provided further, That, pursuant to the previous proviso, such funds may 
be apportioned only on a monthly basis, beginning July 1, 1996 and 
ending September 30, 1997, and such monthly apportionments may not 
exceed 6.67 percent of the total available for such activities: Provided 
further, That notwithstanding any other provision of this Act, funds 
appropriated by this Act for the United Nations Population Fund (UNFPA) 
shall remain available for obligation until September 30, 1997.]

                         [Reporting Requirement]

    [Sec. 519. The President shall submit to the Committees on 
Appropriations the reports required by section 25(a)(1) of the Arms 
Export Control Act.]

                   [Special Notification Requirements]

    [Sec. 520. None of the funds appropriated in this Act shall be 
obligated or expended for Colombia, Dominican Republic, Guatemala,

[[Page 117]]
Haiti, Liberia, Nicaragua, Pakistan, Peru, Russia, Sudan, or Zaire 
except as provided through the regular notification procedures of the 
Committees on Appropriations: Provided, That this section shall not 
apply to funds appropriated by this Act to carry out the provisions of 
chapter 1 of part I of the Foreign Assistance Act of 1961 that are made 
available for Nicaragua.]

              Definition of Program, Project, and Activity

    Sec. [521] 516. For the purpose of this Act, ``program, project, and 
activity'' shall be defined at the Appropriations Act account level and 
shall include all Appropriations and Authorizations Acts earmarks, 
ceilings, and limitations with the exception that for the following 
accounts: Economic Support Fund and Foreign Military Financing Program, 
``program, project, and activity'' shall also be considered to include 
country, regional, and central program level funding within each such 
account; for the development assistance accounts of the Agency for 
International Development ``program, project, and activity'' shall also 
be considered to include central program level funding, either as (1) 
justified to the Congress, or (2) allocated by the executive branch in 
accordance with a report, to be provided to the Committees on 
Appropriations within thirty days of enactment of this Act, as required 
by section 653(a) of the Foreign Assistance Act of 1961.

                   Child Survival and Aids Activities

    Sec. [522] 517. Up to $8,000,000 of the funds made available by this 
Act for assistance for family planning, health, child survival, and 
AIDS, may be used to reimburse United States Government agencies, 
agencies of State governments, institutions of higher learning, and 
private and voluntary organizations for the full cost of individuals 
(including for the personal services of such individuals) detailed or 
assigned to, or contracted by, as the case may be, the Agency for 
International Development for the purpose of carrying out family 
planning activities, child survival activities and activities relating 
to research on, and the treatment and control of, acquired immune 
deficiency syndrome in developing countries: Provided, That funds 
appropriated by this Act that are made available for child survival 
activities or activities relating to research on, and the treatment and 
control of, acquired immune deficiency syndrome may be made available 
notwithstanding any provision of law that restricts assistance to 
foreign countries: Provided further, That funds appropriated by this Act 
that are made available for family planning activities may be made 
available notwithstanding section 512 of this Act and section 620(q) of 
the Foreign Assistance Act of 1961.

        Prohibition Against Indirect Funding to Certain Countries

    Sec. [523] 518. None of the funds appropriated or otherwise made 
available pursuant to this Act shall be obligated to finance indirectly 
any assistance or reparations to Cuba, Iraq, Libya, Iran, Syria, North 
Korea, or the People's Republic of China, unless the President of the 
United States certifies that the withholding of these funds is contrary 
to the national interest of the United States.

                           Reciprocal Leasing

    Sec. [524] 519. Section 61(a) of the Arms Export Control Act is 
amended by striking out [``1995''] ``1996'' and inserting in lieu 
thereof [``1996''] ``1997''.

                Notification on Excess Defense Equipment

    Sec. [525] 520. Prior to providing excess Department of Defense 
articles in accordance with section 516(a) of the Foreign Assistance Act 
of 1961, the Department of Defense shall notify the Committees on 
Appropriations to the same extent and under the same conditions as are 
other committees pursuant to subsection (c) of that section[: Provided, 
That before issuing a letter of offer to sell excess defense articles 
under the Arms Export Control Act, the Department of Defense shall 
notify the Committees on Appropriations in accordance with the regular 
notification procedures of such Committees: Provided further, That such 
Committees shall also be informed of the original acquisition cost of 
such defense articles.].

                       [Authorization Requirement]

    [Sec. 526. Funds appropriated by this Act may be obligated and 
expended notwithstanding section 10 of Public Law 91-672 and section 15 
of the State Department Basic Authorities Act of 1956.]

    Opposition to Assistance to Terrorist Countries by International 
                         Financial Institutions

    Sec. [527] 521. (a) Instructions for United States Executive 
Directors.--The Secretary of the Treasury [shall] should 521 instruct 
the United States Executive Director of each international financial 
institution designated in subsection (b), and the Administrator of the 
Agency for International Development [shall] should instruct the United 
States Executive Director of the International Fund for Agriculture 
Development, to use the voice and vote of the United States to oppose 
any loan or other use of the funds of the respective institution to or 
for a country for which the Secretary of State has made a determination 
under section 6(j) of the Export Administration Act of 1979.
    (b) Definition.--For purposes of this section, the term 
``international financial institution'' includes--
        (1) the International Bank for Reconstruction and Development, 
    the International Development Association, and the International 
    Monetary Fund; and
        (2) wherever applicable, the Inter-American Development Bank, 
    the Asian Development Bank, the African Development Bank, the 
    African Development Fund, and the European Bank for Reconstruction 
    and Development.

       Prohibition on Bilateral Assistance to Terrorist Countries

    Sec. [527A] 522. (a) [Notwithstanding any other provision of law, 
funds] Funds appropriated for bilateral assistance under any heading of 
this Act and funds appropriated under any such heading in a provision of 
law enacted prior to enactment of this Act, shall not be made available 
to any country which the President determines--
        (1) grants sanctuary from prosecution to any individual or group 
    which has committed an act of international terrorism, or
        (2) otherwise supports international terrorism.
    (b) The President may waive the application of subsection (a) to a 
country if the President determines that national security or 
humanitarian reasons justify such waiver. The President shall publish 
each waiver in the Federal Register and, at least fifteen days before 
the waiver takes effect, shall notify the Committees on Appropriations 
of the waiver (including the justification for the waiver) in accordance 
with the regular notification procedures of the Committees on 
Appropriations.

                 Commercial Leasing of Defense Articles

    Sec. [528] 523. Notwithstanding any other provision of law, and 
subject to the regular notification requirements of the Committees on 
Appropriations, the authority of section 23(a) of the Arms Export 
Control Act may be used to provide financing to Israel, Egypt and NATO 
and major non-NATO allies for the procurement by leasing (including 
leasing with an option to purchase) of defense articles from United 
States commercial suppliers, not including Major Defense Equipment 
(other than helicopters and other types of aircraft having possible 
civilian application), if the President determines that there are 
compelling foreign policy or national security reasons for those defense 
articles being provided by commercial lease rather than by government-
to-government sale under such Act.

                         [Competitive Insurance]

    [Sec. 528A. All Agency for International Development contracts and 
solicitations, and subcontracts entered into under such contracts, shall 
include a clause requiring that United States insurance companies have a 
fair opportunity to bid for insurance when such insurance is necessary 
or appropriate.]

                  [Stingers in the Persian Gulf Region]

    [Sec. 529. Except as provided in section 581 of the Foreign 
Operations, Export Financing, and Related Programs Appropriations Act, 
1990, the United States may not sell or otherwise make available any 
Stingers to any country bordering the Persian Gulf under the Arms Export 
Control Act or chapter 2 of part II of the Foreign Assistance Act of 
1961.]

                          Debt-for-Development

    Sec. [530] 524. In order to enhance the continued participation of 
nongovernmental organizations in economic assistance activities under 
the Foreign Assistance Act of 1961, including endowments, debt-for-
development and debt-for-nature exchanges, a nongovernmental 
organization which is a grantee or contractor of the Agency for 
International Development may place in interest bearing accounts funds 
made available under this Act or prior Acts or local currencies which 
accrue to that organization as a result of economic assistance provided 
under title II of this Act and any interest earned on such investment 
may be used for the purpose for which the assistance was provided to 
that organization.

[[Page 118]]


           [Competitive Pricing for Sales of Defense Articles]

    [Sec. 531A. (a) Costing Basis.--Section 22 of the Arms Export 
Control Act (22 U.S.C. 2762) is amended by adding at the end the 
following:
    ``(d) Competitive Pricing.--Procurement contracts made in 
implementation of sales under this section for defense articles and 
defense services wholly paid for from funds made available on a 
nonrepayable basis shall be priced on the same costing basis with regard 
to profit, overhead, independent research and development, bid and 
proposal, and other costing elements, as is applicable to procurements 
of like items purchased by the Department of Defense for its own 
use.''.]
    [(b) Effective Date and Implementing Regulations.--Section 22(d) of 
the Arms Export Control Act, as added by subsection (a)--
        (1) shall take effect on the 60th day following the date of the 
    enactment of this Act;
        (2) shall be applicable only to contracts made in implementation 
    of sales made after such effective date; and
        (3) shall be implemented by revised procurement regulations, 
    which shall be issued prior to such effective date.]
    [(c) Direct Costs Allowable.--Direct costs associated with meeting a 
foreign customer's additional or unique requirements will continue to be 
allowable under such contracts. Loadings applicable to such direct costs 
shall be permitted at the same rates applicable to procurement of like 
items purchased by the Department of Defense for its own use.]

                    [Stockpiles of Defense Articles]

    [Sec. 531B. (a) Limitation on Value of Additions.--Section 514(b)(1) 
of the Foreign Assistance Act of 1961 (22 U.S.C. 2321h(b)(1)) is amended 
by inserting ``or in the implementation of agreements with Israel'' 
after ``North Atlantic Treaty Organization''.]
    [(b) Additions in Fiscal Years 1996 and 1997.--Section 514(b)(2) of 
such Act (22 U.S.C. 2321h(b)(2)) is amended to read as follows:
    ``(2)(A) The value of such additions to stockpiles of defense 
articles in foreign countries shall not exceed $50,000,000 for each of 
the fiscal years 1996 and 1997.
    ``(B) Of the amount specified in subparagraph (A) for each of the 
fiscal years 1996 and 1997, not more than $40,000,000 may be made 
available for stockpiles in the Republic of Korea and not more than 
$10,000,000 may be made available for stockpiles in Thailand.''.]
    [(c) Location of Stockpiles of Defense Authorities.--Section 514(c) 
of such Act (22 U.S.C. 2321h(c)) is amended to read as follows:
    ``(c) Location of Stockpiles of Defense Articles.--
        ``(1) Limitation.--Except as provided in paragraph (2), no 
    stockpile of defense articles may be located outside the boundaries 
    of a United States military base or a military base used primarily 
    by the United States.
        ``(2) Exceptions.--Paragraph (1) shall not apply with respect to 
    stockpiles of defense articles located in the Republic of Korea, 
    Thailand, any country that is a member of the North Atlantic Treaty 
    Organization, any country that is a major non-NATO ally, or any 
    other country the President may designate. At least 15 days before 
    designating a country pursuant to the last clause of the preceding 
    sentence, the President shall notify the congressional committees 
    specified in section 634A(a) in accordance with the procedures 
    applicable to reprogramming notifications under that section.''.]

                           [Separate Accounts]

    [Sec. 532. (a) Separate Accounts for Local Currencies.--(1) If 
assistance is furnished to the government of a foreign country under 
chapters 1 and 10 of part I or chapter 4 of part II of the Foreign 
Assistance Act of 1961 under agreements which result in the generation 
of local currencies of that country, the Administrator of the Agency for 
International Development shall--
        (A) require that local currencies be deposited in a separate 
    account established by that government;
        (B) enter into an agreement with that government which sets 
    forth--
            (i) the amount of the local currencies to be generated, and
            (ii) the terms and conditions under which the currencies so 
        deposited may be utilized, consistent with this section; and
        (C) establish by agreement with that government the 
    responsibilities of the Agency for International Development and 
    that government to monitor and account for deposits into and 
    disbursements from the separate account.
    (2) Uses of Local Currencies.--As may be agreed upon with the 
foreign government, local currencies deposited in a separate account 
pursuant to subsection (a), or an equivalent amount of local currencies, 
shall be used only--
        (A) to carry out chapters 1 or 10 of part I or chapter 4 of part 
    II (as the case may be), for such purposes as--
            (i) project and sector assistance activities, or
            (ii) debt and deficit financing; or
        (B) for the administrative requirements of the United States 
    Government.
    (3) Programming Accountability.--The Agency for International 
Development shall take all appropriate steps to ensure that the 
equivalent of the local currencies disbursed pursuant to subsection 
(a)(2)(A) from the separate account established pursuant to subsection 
(a)(1) are used for the purposes agreed upon pursuant to subsection 
(a)(2).
    (4) Termination of Assistance Programs.--Upon termination of 
assistance to a country under chapters 1 or 10 of part I or chapter 4 of 
part II (as the case may be), any unencumbered balances of funds which 
remain in a separate account established pursuant to subsection (a) 
shall be disposed of for such purposes as may be agreed to by the 
government of that country and the United States Government.
    (5) Conforming Amendments.--The provisions of this subsection shall 
supersede the tenth and eleventh provisos contained under the heading 
``Sub-Saharan Africa, Development Assistance'' as included in the 
Foreign Operations, Export Financing, and Related Programs 
Appropriations Act, 1989 and sections 531(d) and 609 of the Foreign 
Assistance Act of 1961.]
    [(b) Separate Accounts for Cash Transfers.--(1) If assistance is 
made available to the government of a foreign country, under chapters 1 
or 10 of part I or chapter 4 of part II of the Foreign Assistance Act of 
1961, as cash transfer assistance or as nonproject sector assistance, 
that country shall be required to maintain such funds in a separate 
account and not commingle them with any other funds.
    (2) Applicability of Other Provisions of Law.--Such funds may be 
obligated and expended notwithstanding provisions of law which are 
inconsistent with the nature of this assistance including provisions 
which are referenced in the Joint Explanatory Statement of the Committee 
of Conference accompanying House Joint Resolution 648 (H. Report No. 98-
1159).
    (3) Notification.--At least fifteen days prior to obligating any 
such cash transfer or nonproject sector assistance, the President shall 
submit a notification through the regular notification procedures of the 
Committees on Appropriations, which shall include a detailed description 
of how the funds proposed to be made available will be used, with a 
discussion of the United States interests that will be served by the 
assistance (including, as appropriate, a description of the economic 
policy reforms that will be promoted by such assistance).
    (4) Exemption.--Nonproject sector assistance funds may be exempt 
from the requirements of subsection (b)(1) only through the notification 
procedures of the Committees on Appropriations.]

  Compensation for United States Executive Directors to International 
                         Financial Institutions

    Sec. [533] 525. (a) No funds appropriated by this Act may be made as 
payment to any international financial institution while the United 
States Executive Director to such institution is compensated by the 
institution at a rate which, together with whatever compensation such 
Director receives from the United States, is in excess of the rate 
provided for an individual occupying a position at level IV of the 
Executive Schedule under section 5315 of title 5, United States Code, or 
while any alternate United States Director to such institution is 
compensated by the institution at a rate in excess of the rate provided 
for an individual occupying a position at level V of the Executive 
Schedule under section 5316 of title 5, United States Code.
    (b) For purposes of this section, ``international financial 
institutions'' are: the International Bank for Reconstruction and 
Development, the Inter-American Development Bank, the Asian Development 
Bank, the Asian Development Fund, the African Development Bank, the 
African Development Fund, the International Monetary Fund, the North 
American Development Bank, and the European Bank for Reconstruction and 
Development.

          Compliance With United Nations Sanctions Against Iraq

    Sec. [534] 526. (a) Denial of Assistance.--None of the funds 
appropriated or otherwise made available pursuant to this Act to carry 
out the Foreign Assistance Act of 1961 (including title IV of

[[Page 119]]
chapter 2 of part I, relating to the Overseas Private Investment 
Corporation) or the Arms Export Control Act may be used to provide 
assistance to any country that is not in compliance with the United 
Nations Security Council sanctions against Iraq, Serbia or Montenegro 
unless the President determines and so certifies to the Congress that--
        (1) such assistance is in the national interest of the United 
    States;
        (2) such assistance will directly benefit the needy people in 
    that country; or
        (3) the assistance to be provided will be humanitarian 
    assistance for foreign nationals who have fled Iraq and Kuwait.
    (b) Import Sanctions.--If the President considers that the taking of 
such action would promote the effectiveness of the economic sanctions of 
the United Nations and the United States imposed with respect to Iraq, 
Serbia, or Montenegro, as the case may be, and is consistent with the 
national interest, the President may prohibit, for such a period of time 
as he considers appropriate, the importation into the United States of 
any or all products of any foreign country that has not prohibited--
        (1) the importation of products of Iraq, Serbia, or Montenegro 
    into its customs territory, and
        (2) the export of its products to Iraq, Serbia, or Montenegro, 
    as the case may be.

                        POW/MIA Military Drawdown

    Sec. [535] 527. (a) Notwithstanding any other provision of law, the 
President may direct the drawdown, without reimbursement by the 
recipient, of defense articles from the stocks of the Department of 
Defense, defense services of the Department of Defense, and military 
education and training, of an aggregate value not to exceed $15,000,000 
in fiscal year [1996] 1997, as may be necessary to carry out subsection 
(b).
    (b) Such defense articles, services and training may be provided to 
Vietnam, Cambodia and Laos, under subsection (a) as the President 
determines are necessary to support efforts to locate and repatriate 
members of the United States Armed Forces and civilians employed 
directly or indirectly by the United States Government who remain 
unaccounted for from the Vietnam War, and to ensure the safety of United 
States Government personnel engaged in such cooperative efforts and to 
support United States Department of Defense-sponsored humanitarian 
projects associated with the POW/MIA efforts. Any aircraft shall be 
provided under this section only to Laos and only on a lease or loan 
basis, but may be provided at no cost notwithstanding section 61 of the 
Arms Export Control Act and may be maintained with defense articles, 
services and training provided under this section.
    (c) The President shall, within sixty days of the end of any fiscal 
year in which the authority of subsection (a) is exercised, submit a 
report to the Congress which identifies the articles, services, and 
training drawn down under this section.

                 [Mediterranean Excess Defense Articles]

    [Sec. 536. During fiscal year 1996, the provisions of section 573(e) 
of the Foreign Operations, Export Financing, and Related Programs 
Appropriations Act, 1990, shall be applicable, for the period specified 
therein, to excess defense articles made available under sections 516 
and 519 of the Foreign Assistance Act of 1961.]

                          [Cash Flow Financing]

    [Sec. 537. For each country that has been approved for cash flow 
financing (as defined in section 25(d) of the Arms Export Control Act, 
as added by section 112(b) of Public Law 99-83) under the Foreign 
Military Financing Program, any Letter of Offer and Acceptance or other 
purchase agreement, or any amendment thereto, for a procurement in 
excess of $100,000,000 that is to be financed in whole or in part with 
funds made available under this Act shall be submitted through the 
regular notification procedures to the Committees on Appropriations.]

 Authorities for the Peace Corps, the Inter-American Foundation and the 
                     African Development Foundation

    Sec. [538] 528. Unless expressly provided to the contrary, 
provisions of this or any other Act, including provisions contained in 
prior Acts authorizing or making appropriations for foreign operations, 
export financing, and related programs, shall not be construed to 
prohibit activities authorized by or conducted under the Peace Corps 
Act, the Inter-American Foundation Act, or the African Development 
Foundation Act. The appropriate agency shall promptly report to the 
Committees on Appropriations whenever it is conducting activities or is 
proposing to conduct activities in a country for which assistance is 
prohibited.

                   Impact on Jobs in the United States

    Sec. [539] 529. None of the funds appropriated by this Act may be 
obligated or expended to provide--
        (a) any financial incentive to a business enterprise currently 
    located in the United States for the purpose of inducing such an 
    enterprise to relocate outside the United States if such incentive 
    or inducement is likely to reduce the number of employees of such 
    business enterprise in the United States because United States 
    production is being replaced by such enterprise outside the United 
    States;
        (b) assistance for the purpose of establishing or developing in 
    a foreign country any export processing zone or designated area in 
    which the tax, tariff, labor, environment, and safety laws of that 
    country do not apply, in part or in whole, to activities carried out 
    within that zone or area, unless the President determines and 
    certifies that such assistance is not likely to cause a loss of jobs 
    within the United States; or
        (c) assistance for any project or activity that contributes to 
    the violation of internationally recognized workers rights, as 
    defined in section 502(a)(4) of the Trade Act of 1974, of workers in 
    the recipient country, including any designated zone or area in that 
    country: Provided, That in recognition that the application of this 
    subsection should be commensurate with the level of development of 
    the recipient country and sector, the provisions of this subsection 
    shall not preclude assistance for the informal sector in such 
    country, micro and small-scale enterprise, and smallholder 
    agriculture.

     Authority to Assist [Bosnia-Hercegovina] Bosnia and Herzegovina

    Sec. [540] 530. (a) Congress finds as follows:
        (1) The United Nations has imposed an embargo on the transfer of 
    arms to any country on the territory of the former Yugoslavia.
        (2) The federated states of Serbia and Montenegro have a large 
    supply of military equipment and ammunition and the Serbian forces 
    fighting the government of [Bosnia-Hercegovina] Bosnia and 
    Herzegovina have more than one thousand battle tanks, armored 
    vehicles, and artillery pieces.
        (3) Because the United Nations arms embargo is serving to 
    sustain the military advantage of the aggressor, the United Nations 
    should exempt the government of [Bosnia-Hercegovina] Bosnia and 
    Herzegovina from its embargo.
    (b) Pursuant to a lifting of the United Nations arms embargo, or to 
a unilateral lifting of the arms embargo by the President of the United 
States, against [Bosnia-Hercegovina] Bosnia and Herzegovina, the 
President is authorized to transfer, subject to prior notification of 
the Committees on Appropriations, to the government of that nation, 
without reimbursement, defense articles from the stocks of the 
Department of Defense and defense services of the Department of Defense 
of an aggregate value not to exceed $100,000,000 in fiscal year [1996] 
1997: Provided, That the President certifies in a timely fashion to the 
Congress that the transfer of such articles would assist that nation in 
self-defense and thereby promote the security and stability of the 
region.
    (c) Within 60 days of any transfer under the authority provided in 
subsection (b), and every 60 days thereafter, the President shall report 
in writing to the Speaker of the House of Representatives and the 
President pro tempore of the Senate concerning the articles transferred 
and the disposition thereof.
    (d) There are authorized to be appropriated to the President such 
sums as may be necessary to reimburse the applicable appropriation, 
fund, or account for defense articles provided under this section.

    [Restrictions on the Termination of Sanctions Against Serbia and 
                               Montenegro]

    [Sec. 540A. (a) Restrictions.--Notwithstanding any other provision 
of law, no sanction, prohibition, or requirement described in section 
1511 of the National Defense Authorization Act for Fiscal Year 1994 
(Public Law 103-160), with respect to Serbia or Montenegro, may cease to 
be effective, unless--
        (1) the President first submits to the Congress a certification 
    described in subsection (b); and
        (2) the requirements of section 1511 of that Act are met.]
    [(b) Certification.--A certification described in this subsection is 
a certification that--
        (1) there is substantial progress toward--
        
[[Page 120]]

            (A) the realization of a separate identity for Kosova and 
        the right of the people of Kosova to govern themselves; or
            (B) the creation of an international protectorate for 
        Kosova;
        (2) there is substantial improvement in the human rights 
    situation in Kosova;
        (3) international human rights observers are allowed to return 
    to Kosova; and
        (4) the elected government of Kosova is permitted to meet and 
    carry out its legitimate mandate as elected representatives of the 
    people of Kosova.]
    [(c) Waiver Authority.--The President may waive the application in 
whole or in part, of subsection (a) if the President certifies to the 
Congress that the President has determined that the waiver is necessary 
to meet emergency humanitarian needs or to achieve a negotiated 
settlement of the conflict in Bosnia-Herzegovina that is acceptable to 
the parties.]
    [(d) Expanded Authority.--Section 660(b) of the Foreign Assistance 
Act of 1961 is amended--
        (1) in paragraph (3), by striking ``or'';
        (2) in paragraph (4), by striking the period at the end thereof 
    and inserting ``; or'';
        (3) adding the following new paragraphs:
        ``(5) with respect to assistance, including training, relating 
    to sanctions monitoring and enforcement;
        ``(6) with respect to assistance provided to reconstitute 
    civilian police authority and capability in the post-conflict 
    restoration of host nation infrastructure for the purposes of 
    supporting a nation emerging from instability, and the provision of 
    professional public safety training, to include training in 
    internationally recognized standards of human rights, the rule of 
    law, anti-corruption, and the promotion of civilian police roles 
    that support democracy.''.]

                           Special Authorities

    Sec. [541] 531. (a) Funds appropriated in title II of this Act that 
are made available for Afghanistan, Lebanon, and Cambodia, and for 
victims of war, displaced children, displaced Burmese, humanitarian 
assistance for Romania, and humanitarian assistance for the peoples of 
[Bosnia-Hercegovina] Bosnia and Herzegovina, Croatia, and Kosova, may be 
made available notwithstanding any other provision of law: Provided, 
That any such funds that are made available for Cambodia shall be 
subject to the provisions of section 531(e) of the Foreign Assistance 
Act of 1961 and section 906 of the International Security and 
Development Cooperation Act of 1985: Provided further, That the 
President shall terminate assistance to any country or organization that 
he determines is cooperating, tactically or strategically, with the 
Khmer Rouge in their military operations, or to the military of any 
country which the President determines is not taking steps to prevent a 
pattern or practice of commercial relations between its members and the 
Khmer Rouge.
    (b) Funds appropriated by this Act to carry out the provisions of 
sections 103 through 106 of the Foreign Assistance Act of 1961 may be 
used, notwithstanding any other provision of law, for the purpose of 
supporting tropical forestry and energy programs aimed at reducing 
emissions of greenhouse gases, and for the purpose of supporting 
biodiversity conservation activities: Provided, That such assistance 
shall be subject to sections 116, 502B, and 620A of the Foreign 
Assistance Act of 1961.
    (c) During fiscal year [1996] 1997, the President may use up to 
[$40,000,000] $50,000,000 under the authority of section 451 of the 
Foreign Assistance Act of 1961, notwithstanding the funding ceiling 
contained in subsection (a) of that section.
    (d) The Agency for International Development may employ personal 
services contractors, notwithstanding any other provision of law, for 
the purpose of administering programs for the West Bank and Gaza.

        [Policy on Terminating the Arab League Boycott of Israel]

    [Sec. 542. It is the sense of the Congress that--
        (1) the Arab League countries should immediately and publicly 
    renounce the primary boycott of Israel and the secondary and 
    tertiary boycott of American firms that have commercial ties with 
    Israel; and
        (2) the President should--
            (A) take more concrete steps to encourage vigorously Arab 
        League countries to renounce publicly the primary boycotts of 
        Israel and the secondary and tertiary boycotts of American firms 
        that have commercial relations with Israel as a confidence-
        building measure;
            (B) take into consideration the participation of any 
        recipient country in the primary boycott of Israel and the 
        secondary and tertiary boycotts of American firms that have 
        commercial relations with Israel when determining whether to 
        sell weapons to said country;
            (C) report to Congress on the specific steps being taken by 
        the President to bring about a public renunciation of the Arab 
        primary boycott of Israel and the secondary and tertiary 
        boycotts of American firms that have commercial relations with 
        Israel; and
            (D) encourage the allies and trading partners of the United 
        States to enact laws prohibiting businesses from complying with 
        the boycott and penalizing businesses that do comply.]

                        Anti-Narcotics Activities

    Sec. [543] 532. (a) Of the funds appropriated or otherwise made 
available by this Act for ``Economic Support Fund'', assistance may be 
provided to strengthen the administration of justice in countries in 
Latin America and the Caribbean [in accordance] and in other regions 
consistent with the provisions of section [534] 534(b) of the Foreign 
Assistance Act of 1961, except that programs to enhance protection of 
participants in judicial cases may be conducted notwithstanding section 
660 of that Act.
    (b) Funds made available pursuant to this section may be made 
available notwithstanding [the third sentence of section 534(e)] section 
534(c) and the second and third sentences of section 534(e) of the 
Foreign Assistance Act of 1961. Funds made available pursuant to 
subsection (a) for Bolivia, Colombia and Peru may be made available 
notwithstanding section 534(c) and the second sentence of section 534(e) 
of the Foreign Assistance Act of 1961.

                       Eligibility for Assistance

    Sec. [544] 533. (a) Assistance Through Nongovernmental 
Organizations.--Restrictions contained in this or any other Act with 
respect to assistance for a country shall not be construed to restrict 
assistance in support of programs of nongovernmental organizations from 
funds appropriated by this Act to carry out the provisions of chapters 1 
and 10 of part I of the Foreign Assistance Act of 1961: Provided, That 
the President shall take into consideration, in any case in which a 
restriction on assistance would be applicable but for this subsection, 
whether assistance in support of programs of nongovernmental 
organizations is in the national interest of the United States: Provided 
further, That before using the authority of this subsection to furnish 
assistance in support of programs of nongovernmental organizations, the 
President shall notify the Committees on Appropriations under the 
regular notification procedures of those committees, including a 
description of the program to be assisted, the assistance to be 
provided, and the reasons for furnishing such assistance: Provided 
further, That nothing in this subsection shall be construed to alter any 
existing statutory prohibitions against abortion or involuntary 
sterilizations contained in this or any other Act.
    (b) Public Law 480.--During fiscal year [1996] 1997, restrictions 
contained in this or any other Act with respect to assistance for a 
country shall not be construed to restrict assistance under the 
Agricultural Trade Development and Assistance Act of 1954: Provided, 
That none of the funds appropriated to carry out title I of such Act and 
made available pursuant to this subsection may be obligated or expended 
except as provided through the regular notification procedures of the 
Committees on Appropriations.
    (c) Exception.--This section shall not apply--
        (1) with respect to section 620A of the Foreign Assistance Act 
    or any comparable provision of law prohibiting assistance to 
    countries that support international terrorism; or
        (2) with respect to section 116 of the Foreign Assistance Act of 
    1961 or any comparable provision of law prohibiting assistance to 
    countries that violate internationally recognized human rights.

                                Earmarks

    Sec. [544A] 534. (a) Funds appropriated by this Act which are 
earmarked may be reprogrammed for other programs within the same account 
notwithstanding the earmark if compliance with the earmark is made 
impossible by operation of any provision of this or any other Act or, 
with respect to a country with which the United States has an agreement 
providing the United States with base rights or base access in that 
country, if the President determines that the recipient for which funds 
are earmarked has significantly reduced its military or economic 
cooperation with the United States since enactment of

[[Page 121]]
the Foreign Operations, Export Financing, and Related Programs 
Appropriations Act, 1991; however, before exercising the authority of 
this subsection with regard to a base rights or base access country 
which has significantly reduced its military or economic cooperation 
with the United States, the President shall consult with, and shall 
provide a written policy justification to the Committees on 
Appropriations: Provided, That any such reprogramming shall be subject 
to the regular notification procedures of the Committees on 
Appropriations: Provided further, That assistance that is reprogrammed 
pursuant to this subsection shall be made available under the same terms 
and conditions as originally provided.
    (b) In addition to the authority contained in subsection (a), the 
original period of availability of funds appropriated by this Act and 
administered by the Agency for International Development that are 
earmarked for particular programs or activities by this or any other Act 
shall be extended for an additional fiscal year if the Administrator of 
such agency determines and reports promptly to the Committees on 
Appropriations that the termination of assistance to a country or a 
significant change in circumstances makes it unlikely that such 
earmarked funds can be obligated during the original period of 
availability: Provided, That such earmarked funds that are continued 
available for an additional fiscal year shall be obligated only for the 
purpose of such earmark.

                          Ceilings and Earmarks

    Sec. [545] 535. Ceilings and earmarks contained in this Act shall 
not be applicable to funds or authorities appropriated or otherwise made 
available by any subsequent Act unless such Act specifically so directs.

                         Excess Defense Articles

    Sec. [546] 536. (a) [The] During fiscal year 1997, the  authority of 
section 519 of the Foreign Assistance Act of 1961, as amended, may be 
used [in fiscal year 1996] to provide nonlethal excess defense articles 
to countries for which United States foreign assistance has been 
requested and for which receipt of such articles was separately 
justified for the fiscal year, without regard to the restrictions in 
subsection (a) of section 519.
    (b) [The] During fiscal year 1997, the authority of section 516 of 
the Foreign Assistance Act of 1961, as amended, may be used [in fiscal 
year 1996] to provide defense articles to Jordan, [Estonia, Latvia, and 
Lithuania] Tunisia, Argentina, and to countries eligible to participate 
in the Partnership for Peace and to receive assistance under P.L. 101-
179.
                    (c) Section 516(f) of the Foreign Assistance Act of 
            1961, as amended, is repealed,
                    (d) Section 31(d) of the Arms Export Control Act is 
            amended by deleting the words ``or pursuant to sales under 
            this Act.''

                 Prohibition on Publicity or Propaganda

    Sec. [547] 537. No part of any appropriation contained in this Act 
shall be used for publicity or propaganda purposes within the United 
States not authorized before the date of enactment of this Act by the 
Congress[: Provided, That not to exceed $750,000 may be made available 
to carry out the provisions of section 316 of Public Law 96-533].

                        Use of American Resources

    Sec. [548] 538. To the maximum extent possible, assistance provided 
under this Act should make full use of American resources, including 
commodities, products, and services.

           [Prohibition of Payments to United Nations Members]

    [Sec. 549. None of the funds appropriated or made available pursuant 
to this Act for carrying out the Foreign Assistance Act of 1961, may be 
used to pay in whole or in part any assessments, arrearages, or dues of 
any member of the United Nations.]

                          [Consulting Services]

    [Sec. 550. The expenditure of any appropriation under this Act for 
any consulting service through procurement contract, pursuant to section 
3109 of title 5, United States Code, shall be limited to those contracts 
where such expenditures are a matter of public record and available for 
public inspection, except where otherwise provided under existing law, 
or under existing Executive order pursuant to existing law.]

            [Private Voluntary Organizations--Documentation]

    [Sec. 551. None of the funds appropriated or made available pursuant 
to this Act shall be available to a private voluntary organization which 
fails to provide upon timely request any document, file, or record 
necessary to the auditing requirements of the Agency for International 
Development.]

  [Prohibition on Assistance to Foreign Governments That Export Lethal 
   Military Equipment to Countries Supporting International Terrorism]

    [Sec. 552. (a) None of the funds appropriated or otherwise made 
available by this Act may be available to any foreign government which 
provides lethal military equipment to a country the government of which 
the Secretary of State has determined is a terrorist government for 
purposes of section 40(d) of the Arms Export Control Act. The 
prohibition under this section with respect to a foreign government 
shall terminate 12 months after that government ceases to provide such 
military equipment. This section applies with respect to lethal military 
equipment provided under a contract entered into after the date of 
enactment of this Act.]
    [(b) Assistance restricted by subsection (a) or any other similar 
provision of law, may be furnished if the President determines that 
furnishing such assistance is important to the national interests of the 
United States.]
    [(c) Whenever the waiver of subsection (b) is exercised, the 
President shall submit to the appropriate congressional committees a 
report with respect to the furnishing of such assistance. Any such 
report shall include a detailed explanation of the assistance to be 
provided, including the estimated dollar amount of such assistance, and 
an explanation of how the assistance furthers United States national 
interests.]

 [Withholding of Assistance for Parking Fines Owed by Foreign Countries]

    [Sec. 553. (a) In General.--Of the funds made available for a 
foreign country under part I of the Foreign Assistance Act of 1961, an 
amount equivalent to 110 percent of the total unpaid fully adjudicated 
parking fines and penalties owed to the District of Columbia by such 
country as of the date of enactment of this Act shall be withheld from 
obligation for such country until the Secretary of State certifies and 
reports in writing to the appropriate congressional committees that such 
fines and penalties are fully paid to the government of the District of 
Columbia.]
    [(b) Definition.--For purposes of this section, the term 
``appropriate congressional committees'' means the Committee on Foreign 
Relations and the Committee on Appropriations of the Senate and the 
Committee on International Relations and the Committee on Appropriations 
of the House of Representatives.]

     Limitation on Assistance for the PLO for the West Bank and Gaza

    Sec. [554] 539. None of the funds appropriated by this Act may be 
obligated for assistance for the Palestine Liberation Organization for 
the West Bank and Gaza unless the President has exercised the authority 
under section 583(a) of the Middle East Peace Facilitation Act of 1994 
(part E of title V of Public Law 103-236) or any other legislation to 
suspend or make inapplicable section 307 of the Foreign Assistance Act 
of 1961 and that suspension is still in effect: Provided, That if the 
President fails to make the certification under section 583(b)(2) of the 
Middle East Peace Facilitation Act or to suspend the prohibition under 
other legislation, funds appropriated by this Act may not be obligated 
for assistance for the Palestine Liberation Organization for the West 
Bank and Gaza.

                  Export Financing Transfer Authorities

    Sec. [555] 540. Not to exceed 5 percent of any appropriation other 
than for administrative expenses made available for fiscal year 1996 for 
programs under title I of this Act may be transferred between such 
appropriations for use for any of the purposes, programs and activities 
for which the funds in such receiving account may be used, but no such 
appropriation, except as otherwise specifically provided, shall be 
increased by more than 25 percent by any such transfer: Provided, That 
the exercise of such authority shall be subject to the regular 
notification procedures of the Committees on Appropriations.

                          War Crimes Tribunals

    Sec. [556] 541. If the President determines that doing so will 
contribute to a just resolution of charges regarding genocide or other 
violations of international humanitarian law, [the authority of] the 
President may direct a drawdown pursuant to section 552(c) of the 
Foreign Assistance Act of 1961, as amended, [may be used to pro

[[Page 122]]
vide] of up to $25,000,000 of commodities and services to the United 
Nations War Crimes Tribunal established with regard to the former 
Yugoslavia by the United Nations Security Council or such other 
tribunals or commissions as the Council may establish to deal with such 
violations, without regard to the ceiling limitation contained in 
paragraph (2) thereof: Provided, That the determination required under 
this section shall be in lieu of any determinations otherwise required 
under section 552(c):  Provided further, That 60 days after the date of 
enactment of this Act, and every 180 days thereafter, the Secretary of 
State shall submit a report to the Committees on Appropriations 
describing the steps the United States Government is taking to collect 
information regarding allegations of genocide or other violations of 
international law in the former Yugoslavia and to furnish that 
information to the United Nations War Crimes Tribunal for the former 
Yugoslavia.

                    Nonlethal Excess Defense Articles

    Sec. [557] 542. Notwithstanding section 519(f) of the Foreign 
Assistance Act of 1961, during fiscal year [1996] 1997, funds available 
to the Department of Defense may be expended for crating, packing, 
handling and transportation of [nonlethal] excess defense articles 
transferred under the authority of [section] sections 516 and 519 to 
countries eligible to participate in the Partnership for Peace and to 
receive assistance under Public Law 101-179.

                                Landmines

    Sec. [558] 543. Notwithstanding any other provision of law, demining 
equipment available to any department or agency and used in support of 
the clearing of landmines for humanitarian purposes may be disposed of 
on a grant basis in foreign countries, subject to such terms and 
conditions as the President may prescribe[: Provided, That section 
1365(c) of the National Defense Authorization Act for Fiscal Year 1993 
(Public Law 102-484; 22 U.S.C., 2778 note) is amended by striking out 
``During the four-year period beginning on October 23, 1992'' and 
inserting in lieu thereof ``During the five-year period beginning on 
October 23, 1992''].

                     [Clarification of Restrictions]

    [Sec. 559. (a) In General.--Section 620E of the Foreign Assistance 
Act of 1961 (22 U.S.C. 2375) is amended--
        (1) in subsection (e)--
            (A) by striking the words ``No assistance'' and inserting 
        the words ``No military assistance'';
            (B) by striking the words ``in which assistance is to be 
        furnished or military equipment or technology'' and inserting 
        the words ``in which military assistance is to be furnished or 
        military equipment or technology'';
            (C) by striking the words ``the proposed United States 
        assistance'' and inserting the words ``the proposed United 
        States military assistance'';
            (D) by inserting ``(1)'' immediately after ``(e)''; and
            (E) by adding the following new paragraphs:
        ``(2) The prohibitions in this section do not apply to any 
    assistance or transfer provided for the purposes of:
            ``(A) International narcotics control (including chapter 8 
        of part I of this Act) or any provision of law available for 
        providing assistance for counternarcotics purposes.
            ``(B) Facilitating military-to-military contact, training 
        (including chapter 5 of part II of this Act) and humanitarian 
        and civic assistance projects.
            ``(C) Peacekeeping and other multilateral operations 
        (including chapter 6 of part II of this Act relating to 
        peacekeeping) or any provision of law available for providing 
        assistance for peacekeeping purposes, except that lethal 
        military equipment provided under this subparagraph shall be 
        provided on a lease or loan basis only and shall be returned 
        upon completion of the operation for which it was provided.
            ``(D) Antiterrorism assistance (including chapter 8 of part 
        II of this Act relating to antiterrorism assistance) or any 
        provision of law available for antiterrorism assistance 
        purposes.
        ``(3) The restrictions of this subsection shall continue to 
    apply to contracts for the delivery of F-16 aircraft to Pakistan.
        ``(4) Notwithstanding the restrictions contained in this 
    subsection, military equipment, technology, or defense services, 
    other than F-16 aircraft, may be transferred to Pakistan pursuant to 
    contracts or cases entered into before October 1, 1990.''; and
        (2) by adding at the end the following new subsections:
    ``(f) Storage Costs.--The President may release the Government of 
Pakistan of its contractual obligation to pay the United States 
Government for the storage costs of items purchased prior to October 1, 
1990, but not delivered by the United States Government pursuant to 
subsection (e) and may reimburse the Government of Pakistan for any such 
amount paid, on such terms and conditions as the President may 
prescribe: Provided, That such payments have no budgetary impact.
    ``(g) Inapplicability of Restrictions to Previously Owned Items.--
Section 620E(e) does not apply to broken, worn or unupgraded items or 
their equivalent which Pakistan paid for and took possession of prior to 
October 1, 1990 and which the Government of Pakistan sent to the United 
States for repair or upgrade. Such equipment or its equivalent may be 
returned to the Government of Pakistan: Provided, That the President 
determines and so certifies to the appropriate congressional committees 
that such equipment or equivalent neither constitutes nor has received 
any significant qualitative upgrade since being transferred to the 
United States and that its total value does not exceed $25,000,000.
    ``(h) Ballistic Missile Sanctions Not Affected.--Nothing contained 
herein shall affect sanctions for transfers of missile equipment or 
technology required under section 11B of the Export Administration Act 
of 1979 or section 73 of the Arms Export Control Act.''.]

           [Restrictions Concerning the Palestinian Authority]

    [Sec. 560. None of the funds appropriated by this Act may be 
obligated or expended to create in any part of Jerusalem a new office of 
any department or agency of the United States Government for the purpose 
of conducting official United States Government business with the 
Palestinian Authority over Gaza and Jericho or any successor Palestinian 
governing entity provided for in the Israel-PLO Declaration of 
Principles: Provided, That this restriction shall not apply to the 
acquisition of additional space for the existing Consulate General in 
Jerusalem: Provided further, That meetings between officers and 
employees of the United States and officials of the Palestinian 
Authority, or any successor Palestinian governing entity provided for in 
the Israel-PLO Declaration of Principles, for the purpose of conducting 
official United States Government business with such authority should 
continue to take place in locations other than Jerusalem. As has been 
true in the past, officers and employees of the United States Government 
may continue to meet in Jerusalem on other subjects with Palestinians 
(including those who now occupy positions in the Palestinian Authority), 
have social contacts, and have incidental discussions.]

               Prohibition of Payment of Certain Expenses

    Sec. [561] 544. None of the funds appropriated or otherwise made 
available by this Act under the heading ``international military 
education and training'' or ``foreign military financing program'' for 
Informational Program activities may be obligated or expended to pay 
for--
        (1) alcoholic beverages;
        (2) food (other than food provided at a military installation) 
    not provided in conjunction with Informational Program trips where 
    students do not stay at a military installation; or
        (3) entertainment expenses for activities that are substantially 
    of a recreational character, including entrance fees at sporting 
    events and amusement parks.
    [Sec. 562. (a) In General.--None of the funds made available in this 
Act may be used for assistance in support of any country when it is made 
known to the President that the government of such country prohibits or 
otherwise restricts, directly or indirectly, the transport or delivery 
of United States humanitarian assistance.
    (b) Exception.--Funds may be made available with regard to the 
restriction in subsection (a) if the President determines that to do so 
is in the national security interest of the United States.]

  [Withholding of Assistance to Countries Supporting Nuclear Plant in 
                                  Cuba]

    [Sec. 563. (a) Withholding.--The President shall withhold from 
assistance made available with funds appropriated or made available 
pursuant to this Act an amount equal to the sum of assistance and 
credits, if any, provided on or after the date of the enactment of this 
Act by that country, or any entity in that country, in support of the 
completion of the Cuban nuclear facility at Juragua, near Cienfuegos, 
Cuba.]
    [(b) Exceptions.--The requirement of subsection (a) to withhold 
assistance shall not apply with respect to--

[[Page 123]]

        (1) assistance to meet urgent humanitarian needs including 
    disaster and refugee relief;
        (2) democratic political reform and rule of law activities;
        (3) the creation of private sector and nongovernmental 
    organizations that are independent of government control;
        (4) the development of a free market economic system; and
        (5) assistance for the purposes described in the Cooperative 
    Threat Reduction Act of 1993 (title XII of Public Law 103-160).]

                     [Limitation on Funds for Haiti]

    [Sec. 564. Effective March 1, 1996, none of the funds appropriated 
in this Act may be made available to the Government of Haiti when it is 
made known to the President that such Government is controlled by a 
regime holding power through means other than the democratic elections 
scheduled for calendar year 1995 and held in substantial compliance with 
the requirements of the 1987 Constitution of Haiti.]

           [Purchase of American-Made Equipment and Products]

    [Sec. 565. (a) Sense of Congress.--It is the sense of the Congress 
that, to the greatest extent practicable, all equipment and products 
purchased with funds made available in this Act should be American-
made.]
    [(b) Notice Requirement.--In providing financial assistance to, or 
entering into any contract with, any entity using funds made available 
in this Act, the head of each Federal agency, to the greatest extent 
practicable, shall provide to such entity a notice describing the 
statement made in subsection (a) by the Congress.]

                  [Limitation on Assistance to Turkey]

    [Sec. 566. Not more than $33,500,000 of the funds appropriated in 
this Act under the heading ``Economic Support Fund'' may be made 
available to the Government of Turkey.]

        [Limitation of Funds for North American Development Bank]

    [Sec. 566A. None of the funds appropriated in this Act under the 
heading ``North American Development Bank'' and made available for the 
Community Adjustment and Investment Program shall be used for purposes 
other than those set out in the binational agreement establishing the 
Bank.]

                     [Limitation on Funds for Burma]

    [Sec. 567. None of the funds made available in this Act may be used 
for International Narcotics Control or Crop Substitution Assistance for 
the Government of Burma.]

                        [Asian Development Bank]

    [Sec. 568. The Secretary of the Treasury may, to fulfill commitments 
of the United States, subscribe to and make payments for shares of the 
Asian Development Bank in connection with the fourth general capital 
increase of the Bank. The amount authorized to be appropriated for paid-
in shares of the Bank is limited to $66,614,647; the amount authorized 
to be appropriated for payment for callable shares of the Bank is 
limited to $3,264,178,021. The amount to be paid in respect of each 
subscription is authorized to be appropriated without fiscal year 
limitation. Any subscription by the United States to the capital stock 
of the Bank shall be effective only to such extent or in such amounts as 
are provided in advance in appropriations Acts.]

                 [International Development Association]

    [Sec. 569. In order to pay for the United States contribution to the 
tenth replenishment of the resources of the International Development 
Association authorized in section 526 of Public Law 103-87, there is 
authorized to be appropriated, without fiscal year limitation, 
$700,000,000 for payment by the Secretary of the Treasury.]

                   Special Debt Relief for the Poorest

    Sec. [570] 545. (a) Authority To Reduce Debt.--The President may 
reduce amounts owed to the United States (or any agency of the United 
States) by an eligible country as a result of--
        (1) guarantees issued under sections 221 and 222 of the Foreign 
    Assistance Act of 1961; or
        (2) credits extended or guarantees issued under the Arms Export 
    Control Act.
    (b) Limitations.--
        (1) The authority provided by subsection (a) may be exercised 
    only to implement multilateral official debt relief and referendum 
    agreements, commonly referred to as ``Paris Club Agreed Minutes''.
        (2) The authority provided by subsection (a) may be exercised 
    only in such amounts or to such extent as is provided in advance by 
    appropriations Acts.
        (3) The authority provided by subsection (a) may be exercised 
    only with respect to countries with heavy debt burdens that are 
    eligible to borrow from the International Development Association, 
    but not from the International Bank for Reconstruction and 
    Development, commonly referred to as ``IDA-only'' countries.
    (c) Conditions.--The authority provided by subsection (a) may be 
exercised only with respect to a country whose government--
        (1) does not have an excessive level of military expenditures;
        (2) has not repeatedly provided support for acts of 
    international terrorism;
        (3) is not failing to cooperate on international narcotics 
    control matters;
        (4) (including its military or other security forces) does not 
    engage in a consistent pattern of gross violations of 
    internationally recognized human rights; and
        (5) is not ineligible for assistance because of the application 
    of section 527 of the Foreign Relations Authorization Act, fiscal 
    years 1994 and 1995.
    (d) Availability of Funds.--The authority provided by subsection (a) 
may be used only with regard to funds appropriated by this Act under the 
heading ``Debt Restructuring''.
    (e) Certain Prohibitions Inapplicable.--A reduction of debt pursuant 
to subsection (a) shall not be considered assistance for purposes of any 
provision of law limiting assistance to a country. The authority 
provided by subsection (a) may be exercised notwithstanding section 
620(r) of the Foreign Assistance Act of 1961.

              Authority to Engage in Debt Buybacks or Sales

    Sec. [571] 546. (a) Loans Eligible for Sale, Reduction, or 
Cancellation.--
        (1) Authority to sell, reduce, or cancel certain loans.--
    Notwithstanding any other provision of law, the President may, in 
    accordance with this section, sell to any eligible purchaser any 
    concessional loan or portion thereof made before January 1, 1995, 
    pursuant to the Foreign Assistance Act of 1961, to the government of 
    any eligible country as defined in section 702(6) of that Act or on 
    receipt of payment from an eligible purchaser, reduce or cancel such 
    loan or portion thereof, only for the purpose of facilitating--
            (A) debt-for-equity swaps, debt-for-development swaps, or 
        debt-for-nature swaps; or
            (B) a debt buyback by an eligible country of its own 
        qualified debt, only if the eligible country uses an additional 
        amount of the local currency of the eligible country, equal to 
        not less than 40 percent of the price paid or such debt by such 
        eligible country, or the difference between the price paid for 
        such debt and the face value of such debt, to support activities 
        that link conservation and sustainable use of natural resources 
        with local community development, and child survival and other 
        child development, in a manner consistent with section 707 
        through 710 of the Foreign Assistance Act of 1961, if the sale, 
        reduction, or cancellation would not contravene any term or 
        condition of any prior agreement relating to such loan.
        (2) Terms and conditions.--Notwithstanding any other provision 
    of law, the President shall, in accordance with this section, 
    establish the terms and conditions under which loans may be sold, 
    reduced, or canceled pursuant to this section.
        (3) Administration.--The Facility, as defined in section 702(8) 
    of the Foreign Assistance Act of 1961, shall notify the 
    administrator of the agency primarily responsible for administering 
    part I of the Foreign Assistance Act of 1961 of purchasers that the 
    President has determined to be eligible, and shall direct such 
    agency to carry out the sale, reduction, or cancellation of a loan 
    pursuant to this section. Such agency shall make an adjustment in 
    its accounts to reflect the sale, reduction, or cancellation.
        (4) Limitation.--The authorities of this subsection shall be 
    available only to the extent that appropriations for the cost of the 
    modification, as defined in section 502 of the Congressional Budget 
    Act of 1974, are made in advance.
    (b) Deposit of Proceeds.--The proceeds from the sale, reduction, or 
cancellation of any loan sold, reduced, or canceled pursuant to this 
section shall be deposited in the United States Government account or 
accounts established for the repayment of such loan.
    (c) Eligible Purchasers.--A loan may be sold pursuant to subsection 
(a)(1)(A) only to a purchaser who presents plans satisfactory

[[Page 124]]
to the President for using the loan for the purpose of engaging in debt-
for-equity swaps, debt-for-development swaps, or debt-for-nature swaps.
    (d) Debtor Consultations.--Before the sale to any eligible 
purchaser, or any reduction or cancellation pursuant to this section, of 
any loan made to an eligible country, the President [shall] should 
consult with the country concerning the amount of loans to be sold, 
reduced, or canceled and their uses for debt-for-equity swaps, debt-for-
development swaps, or debt-for-nature swaps.
    (e) Availability of Funds.--The authority provided by subsection (a) 
may be used only with regard to funds appropriated by this Act under the 
heading ``Debt Restructuring''.

                     [Drawdown Authority for Jordan]

    [Sec. 572. During fiscal year 1996, the President may direct, for 
the purposes of part II of the Foreign Assistance Act of 1961, the 
drawdown for Jordan of defense articles from the stocks of the 
Department of Defense, defense services of the Department of Defense, 
and military education and training of up to an aggregate of 
$100,000,000: Provided, That--
        (a) within six months of the last drawdown under subsection (a), 
    the President shall submit a report to the Committee on 
    Appropriations identifying the articles, services, training or 
    education provided;
        (b) section 506(c) of the Foreign Assistance Act of 1961 shall 
    apply to the drawdown authority in this section; and
        (c) section 632(d) of the Foreign Assistance Act of 1961 shall 
    not apply with respect to drawdowns under this section.]

                                 Liberia

    Sec. [573] 547. [(a) Public Law 102-270 is amended--
        (1) in subsection (b) by striking ``Notwithstanding section 
    620(q) of the Foreign Assistance Act of 1961 or any other similar 
    provision, the'' and inserting ``The''; and
        (2) in subsection (b)(2) by striking ``to implement the 
    Yamoussoukro peace accord''.]
    [(b)] Funds appropriated by this Act may be made available for 
assistance for Liberia notwithstanding section 620(q) of the Foreign 
Assistance Act of 1961 and section 512 of this Act.

              [Annual Report on Economic and Social Growth]

    [Sec. 574. (a) Reporting Requirement.--The President shall submit to 
the appropriate congressional committees an annual report providing a 
concise overview of the prospects for economic and social growth on a 
broad, equitable, and sustainable basis in the countries receiving 
economic assistance under title II of this Act. For each country, the 
report shall discuss the laws, policies and practices of that country 
that most contribute to or detract from the achievement of this kind of 
growth. The report should address relevant macroeconomic, microeconomic, 
social, legal, environmental, and political factors and include criteria 
regarding wage and price controls, State ownership of production and 
distribution, State control of financial institutions, trade and foreign 
investment, capital and profit repatriation, tax and private property 
protections and a country's commitment to stimulate education, health 
and human development.]
    [(b) Countries.--The countries referred to in subsection (a) are 
countries--
        (1) for which in excess of $5,000,000 has been obligated during 
    the previous fiscal year for assistance under sections 103 through 
    106, chapters 10 and 11 of part I, and chapter 4 of part II of the 
    Foreign Assistance of 1961, and under the Support for East European 
    Democracy Act of 1989; or
        (2) for which in excess of $1,000,000 has been obligated during 
    the previous fiscal year by the Overseas Private Investment 
    Corporation.]
    [(c) Consultation.--The Secretary of State shall submit the report 
required by subsection (a) in consultation with the Secretary of the 
Treasury, the Administrator of the Agency for International Development, 
and the President of the Overseas Private Investment Corporation. The 
report shall be submitted with the annual congressional presentation for 
appropriations.]
    [Sec. 575. To the maximum extent possible, the funds provided by 
this Act shall be used to provide surveying and mapping related services 
through contracts entered into through competitive bidding to qualified 
United States contractors.]

                      [Reports Regarding Hong Kong]

    [Sec. 576. (a) Section 301 of the United States-Hong Kong Policy Act 
of 1992 (22 U.S.C. 5731) is amended in the text above paragraph (1) by 
inserting ``March 31, 1996,'' after ``March 31, 1995,''.]
    [(b) In light of the deficiencies in reports submitted to the 
Congress pursuant to section 301 of the United States-Hong Kong Policy 
Act (22 U.S.C. 5731), the Congress directs that the additional report 
required to be submitted under such section by subsection (a) of this 
section include detailed information on the status of, and other 
developments affecting, implementation of the Sino-British Joint 
Declaration on the Question of Hong Kong, including--
            (1) the Basic Law and its consistency with the Joint 
        Declaration;
            (2) the openness and fairness of elections to the 
        legislature;
            (3) the openness and fairness of the election of the chief 
        executive and the executive's accountability to the legislature;
            (4) the treatment of political parties;
            (5) the independence of the judiciary and its ability to 
        exercise the power of final judgment over Hong Kong law; and
            (6) the Bill of Rights.]
    [Sec. 577. Notwithstanding any other provision of this Act, 
$20,000,000 of the funds made available under the headings ``Development 
Assistance'' and/or ``Economic Support Fund'' may be transferred to, and 
merged with, the appropriations account entitled ``International 
Narcotics Control'' and may be available for the same purposes for which 
funds in such account are available.]

                               [Guatemala]

    [Sec. 578. (a) Funds provided in this Act may be made available for 
the Guatemalan military or security forces, and the restrictions on 
Guatemala under the headings ``International Military Education and 
Training'' and ``Foreign Military Financing Program'' shall not apply, 
only if the President determines and certifies to the Congress that the 
Guatemalan military is cooperating with efforts to resolve human rights 
abuses which elements of the Guatemalan military or security forces are 
alleged to have committed, ordered or attempted to thwart the 
investigation of.]
    [(b) The prohibition contained in subsection (a) shall not apply to 
funds made available to implement a cease-fire or peace agreement.]
    [(c) Any funds made available pursuant to subsections (a) or (b) 
shall be subject to the regular notification procedures of the 
Committees on Appropriations.]
    [(d) Any funds made available pursuant to subsections (a) and (b) 
for international military education and training may only be for 
expanded international military education and training.]

                 [Extension of Tied Aid Credit Program]

    [Sec. 579. (a) Section 10(c)(2) of the Export-Import Bank Act of 
1945 (12 U.S.C. 635i-3(c)(2) is amended by striking ``1995'' and 
inserting ``1997''.]
    [(b) Section 10(e) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635i-3(e)) is amended by striking ``1993, 1994, and 1995'' and inserting 
``1996 and 1997''.]

             [Moratorium on Use of Antipersonnel Landmines ]

    [Sec. 580. (a) United States Moratorium.--For a period of one year 
beginning three years after the date of enactment of this Act, the 
United States shall not use antipersonnel landmines except along 
internationally recognized national borders or in demilitarized zones 
within a perimeter marked area that is monitored by military personnel 
and protected by adequate means to ensure the exclusion of civilians.]
    [(b) Definition and Exemptions.--For the purposes of this section:
        (1) Antipersonnel landmine.--The term ``antipersonnel landmine'' 
    means any munition placed under, on, or near the ground or other 
    surface area, delivered by artillery, rocket, mortar, or similar 
    means, or dropped from an aircraft and which is designed, 
    constructed or adapted to be detonated or exploded by the presence, 
    proximity, or contact of a person.
        (2) Exemptions.--The term ``antipersonnel landmine'' does not 
    include command detonated Claymore munitions.]

                     [Extension of Au Pair Programs]

    [Sec. 581. Section 8 of the Eisenhower Exchange Fellowship Act of 
1990 is amended in the last sentence by striking ``fiscal year 1995'' 
and inserting ``fiscal year 1996''.]

[[Page 125]]


           Sanctions Against Countries Harboring War Criminals

    Sec. [582] 548. (a) Bilateral Assistance.--[Funds] The President is 
authorized to withhold funds appropriated by this Act under the Foreign 
Assistance Act of 1961 or the Arms Export Control Act [may not be 
provided] for any country described in subsection (c).
    (b) Multilateral Assistance.--The Secretary of the Treasury [shall] 
should instruct the United States executive directors of the 
international financial institutions to work in opposition to, and vote 
against, any extension by such institutions of financing or financial or 
technical assistance to any country described in subsection (c).
    (c) Sanctioned Countries.--A country described in this subsection is 
a country the government of which knowingly grants sanctuary to persons 
in its territory for the purpose of evading prosecution, where such 
persons--
        (1) have been indicted by the International Criminal Tribunal 
    for the former Yugoslavia, the International Criminal Tribunal for 
    Rwanda, or any other international tribunal with similar standing 
    under international law, or
        (2) have been indicted for war crimes or crimes against humanity 
    committed during the period beginning March 23, 1933 and ending on 
    May 8, 1945 under the direction of, or in association with--
            (A) the Nazi government of Germany;
            (B) any government in any area occupied by the military 
        forces of the Nazi government of Germany;
            (C) any government which was established with the assistance 
        or cooperation of the Nazi government; or
            (D) any government which was an ally of the Nazi government 
        of Germany.

                   Limitation on Assistance for Haiti

    Sec. [583] 549. (a) Limitation.--None of the funds appropriated or 
otherwise made available by this Act, may be provided to the Government 
of Haiti until the President reports to Congress that--
        (1) the Government is conducting thorough investigations of 
    extrajudicial and political killings; and
        (2) the Government is cooperating with United States authorities 
    in the investigations of political and extrajudicial killings.
    (b) Nothing in this section shall be construed to restrict the 
provision of humanitarian or electoral assistance.
    (c) The President may waive the requirements of this section if he 
determines and certifies to the appropriate committees of Congress that 
it is in the national interest of the United States or necessary to 
assure the safe and timely withdrawal of American forces from Haiti.

 [Limitation on Funds to the Territory of the Bosniac-Croat Federation.]

    [Sec. 584. Funds appropriated by this Act for activities in the 
internationally-recognized borders of Bosnia and Herzegovina (other than 
refugee and disaster assistance and assistance for restoration of 
infrastructure, to include power grids, water supplies and natural gas) 
may only be made available for activities in the territory of the 
Bosniac-Croat Federation.]

                          [NATO Participation]

    [Sec. 585. Revisions to Program To Facilitate Transition to NATO 
Membership.--]
    [(a) Eligible Countries.--Subsection (d) of section 203 of the NATO 
Participation Act of 1994 (title II of Public Law 103-447; 22 U.S.C. 
1928 note) is amended to read as follows:
    ``(d) Designation of Eligible Countries.--
        ``(1) Initial presidential review and designation.--Within 60 
    days of the enactment of the NATO Participation Act Amendments of 
    1995, the President should evaluate the degree to which any country 
    emerging from communist domination which has expressed its interest 
    in joining NATO meets the criteria set forth in paragraph (3), and 
    may designate one or more of these countries as eligible to receive 
    assistance under the program established under subsection (a). The 
    President shall, at the time of designation of any country pursuant 
    to this paragraph, determine and report to the Committees on 
    International Relations and Appropriations of the House of 
    Representatives and the Committees on Foreign Relations and 
    Appropriations of the Senate with respect to each country so 
    designated that such country meets the criteria set forth in 
    paragraph (3).
        ``(2) Other european countries emerging from communist 
    domination.--In addition to the countries designated pursuant to 
    paragraph (1), the President may at any time designate other 
    European countries emerging from communist domination as eligible to 
    receive assistance under the program established under subsection 
    (a). The President shall, at the time of designation of any country 
    pursuant to this paragraph, determine and report to the Committees 
    on International Relations and Appropriations of the House of 
    Representatives and the Committees on Foreign Relations and 
    Appropriations of the Senate with respect to each country so 
    designated that such country meets the criteria set forth in 
    paragraph (3).
        ``(3) Criteria.--The criteria referred to in paragraphs (1) and 
    (2) are, with respect to each country, that the country--
            ``(A) has made significant progress toward establishing--
                ``(i) shared values and interests;
                ``(ii) democratic governments;
                ``(iii) free market economies;
                ``(iv) civilian control of the military, of the police, 
            and of intelligence services, so that these organizations do 
            not pose a threat to democratic institutions, neighboring 
            countries, or the security of NATO or the United States;
                ``(v) adherence to the rule of law and to the values, 
            principles, and political commitments set forth in the 
            Helsinki Final Act and other declarations by the members of 
            the Organization on Security and Cooperation in Europe;
                ``(vi) commitment to further the principles of NATO and 
            to contribute to the security of the North Atlantic area;
                ``(vii) commitment to protecting the rights of all their 
            citizens and respecting the territorial integrity of their 
            neighbors;
                ``(viii) commitment and ability to accept the 
            obligations, responsibilities, and costs of NATO membership; 
            and
                ``(ix) commitment and ability to implement 
            infrastructure development activities that will facilitate 
            participation in and support for NATO military activities;
            ``(B) is likely, within five years of such determination, to 
        be in a position to further the principles of the North Atlantic 
        Treaty and to contribute to the security of the North Atlantic 
        area; and
            ``(C) is not ineligible to receive assistance under section 
        552 of the Foreign Operations, Export Financing, and Related 
        Programs Appropriations Act, 1996, with respect to transfers of 
        equipment to a country the government of which the Secretary of 
        State has determined is a terrorist government for purposes of 
        section 40(d) of the Arms Export Control Act.''.
    (2) Conforming amendments.--
        (A) Subsections (b) and (c) of section 203 of such Act are 
    amended by striking ``countries described in such subsection'' each 
    of the two places it appears and inserting ``countries designated 
    under subsection (d)''.
        (B) Subsection (e) of section 203 of such Act is amended by 
    inserting ``(22 U.S.C. 2394-1), and shall include with such 
    notification a memorandum of justification with respect to the 
    proposed designation'' before the period at the end.]
    [(b) Types of Assistance.--Section 203(c) of such Act is amended by 
inserting after paragraph (4) the following new paragraphs:
        ``(5) Assistance under chapter 4 of part II of the Foreign 
    Assistance Act of 1961 (relating to the Economic Support Fund).
        ``(6) Funds appropriated under the ``Nonproliferation and 
    Disarmament Fund'' account.
        ``(7) Assistance under chapter 6 of part II of the Foreign 
    Assistance Act of 1961 (relating to peacekeeping operations and 
    other programs).
        ``(8) Notwithstanding any other provision of law, including any 
    restrictions in sections 516 and 519 of the Foreign Assistance Act 
    of 1961, as amended, the President may direct the crating, packing, 
    handling, and transportation of excess defense articles provided 
    pursuant to paragraphs (1) and (2) of this subsection without charge 
    to the recipient of such articles.''.]
    [(c) Effect on Other Authorities.--Section 203 of the NATO 
Participation Act of 1994 (title II of Public Law 103-447, 22 U.S.C. 
1928 note), is amended to add a new subsection (g) to read as follows:
    ``(g) Effect on Other Authorities.--Nothing in this Act shall affect 
the eligibility of countries to participate under other provisions of 
law in programs described in this Act.''.]
    [(d) Annual Report.--Section 205 of the NATO Participation Act of 
1994 (title II of Public Law 103-447; 22 U.S.C. 1928 note) is amended:
        (1) by inserting ``ANNUAL'' in the section heading before the 
    first word;
    
[[Page 126]]

        (2) by inserting ``annual'' after ``include in the'' in the 
    matter preceding paragraph (1); and
        (3) in paragraphs (1) and (2), by striking ``and other'' and all 
    that follows through the period at the end and in both instances 
    inserting in lieu thereof ``and any other country designated by the 
    President pursuant to section 203(d).''.]
  


 
         [TITLE VI--MIDDLE EAST PEACE FACILITATION ACT OF 1995]

                              [Short Title]

    [Sec. 601. This title may be cited as the ``Middle East Peace 
Facilitation Act of 1995''.]

                               [Findings]

    [Sec. 602. The Congress finds that--
        (1) the Palestine Liberation Organization (hereafter the 
    ``P.L.O.'') has recognized the State of Israel's right to exist in 
    peace and security, accepted United Nations Security Council 
    Resolutions 242 and 338, committed itself to the peace process and 
    peaceful coexistence with Israel, free from violence and all other 
    acts which endanger peace and stability, and assumed responsibility 
    over all P.L.O. elements and personnel in order to assure their 
    compliance, prevent violations, and discipline violators;
        (2) Israel has recognized the P.L.O. as the representative of 
    the Palestinian people;
        (3) Israel and the P.L.O. signed a Declaration of Principles on 
    Interim Self-Government Arrangements (hereafter the ``Declaration of 
    Principles'') on September 13, 1993 at the White House;
        (4) Israel and the P.L.O. signed an Agreement on the Gaza Strip 
    and the Jericho Area (hereafter the ``Gaza-Jericho Agreement'') on 
    May 4, 1994 which established a Palestinian Authority for the Gaza 
    and Jericho areas;
        (5) Israel and the P.L.O. signed an Agreement on Preparatory 
    Transfer of Powers and Responsibilities (hereafter the ``Early 
    Empowerment Agreement'') on August 29, 1994 which provided for the 
    transfer to the Palestinian Authority of certain powers and 
    responsibilities in the West Bank outside of the Jericho Area;
        (6) under the terms of the Israeli-Palestinian Interim Agreement 
    on the West Bank and Gaza (hereafter the ``Interim Agreement) signed 
    on September 28, 1995, the Declaration of Principles, the Gaza-
    Jericho Agreement and the Early Empowerment Agreement, the powers 
    and responsibilities of the Palestinian Authority are to be assumed 
    by an elected Palestinian Council with jurisdiction in the West Bank 
    and Gaza Strip in accordance with the Interim Agreement;
        (7) permanent status negotiations relating to the West Bank and 
    Gaza Strip are scheduled to begin by May 1996;
        (8) the Congress has, since the conclusion of the Declaration of 
    Principles and the P.L.O.'s renunciation of terrorism, provided 
    authorities to the President to suspend certain statutory 
    restrictions relating to the P.L.O., subject to Presidential 
    certifications that the P.L.O. has continued to abide by commitments 
    made in and in connection with or resulting from the good faith 
    implementation of, the Declaration of Principles;
        (9) the P.L.O. commitments relevant to Presidential 
    certifications have included commitments to renounce and condemn 
    terrorism, to submit to the Palestinian National Council for former 
    approval the necessary changes to those articles of the Palestinian 
    Covenant which call for Israel's destruction, and to prevent acts of 
    terrorism and hostilities against Israel; and
        (10) the United States is resolute in its determination to 
    ensure that in providing assistance to Palestinians living under the 
    jurisdiction of the Palestinian Authority or elsewhere, the 
    beneficiaries of such assistance shall be held to the same standard 
    of financial accountability and management control as any other 
    recipient of United States assistance.]

                           [Sense of Congress]

    [Sec. 603. It is the sense of the Congress that the P.L.O. must do 
far more to demonstrate an irrevocable denunciation of terrorism and 
ensure a peaceful settlement of the Middle East dispute, and in 
particular it must--
        (1) submit to the Palestinian National Council for formal 
    approval the necessary changes to those articles of the Palestinian 
    National Covenant which call for Israel's destruction;
        (2) make greater efforts to pre-empt acts of terror, discipline 
    violators and contribute to stemming the violence that has resulted 
    in the deaths of over 140 Israeli and United States citizens since 
    the signing of the Declaration of Principles;
        (3) prohibit participation in its activities and in the 
    Palestinian Authority and its successors by any groups or 
    individuals which continue to promote and commit acts of terrorism;
        (4) cease all anti-Israel rhetoric, which potentially undermines 
    the peace process;
        (5) confiscate all unlicensed weapons;
        (6) transfer and cooperate in transfer proceedings relating to 
    any person accused by Israel to acts of terrorism; and
        (7) respect civil liberties, human rights and democratic norms.]

                [Authority To Suspend Certain Provisions]

    [Sec. 604. (a) In General.--Subject to subsection (b), beginning on 
the date of enactment of this Act and for eighteen months thereafter, 
the President may suspend for a period of not more than 6 months at a 
time any provision of law specified in subsection (d). Any such 
suspension shall cease to be effective after 6 months, or at such 
earlier date as the President may specify.]
    [(b) Conditions.--
        (1) Consultations.--Prior to each exercise of the authority 
    provided in subsection (a) or certification pursuant to subsection 
    (c), the President shall consult with the relevant congressional 
    committees. The President may not exercise that authority or make 
    such certification until 30 days after a written policy 
    justification is submitted to the relevant congressional committees.
        (2) Presidential certification.--The President may exercise the 
    authority provided in subsection (a) only if the President certifies 
    to the relevant congressional committees each time he exercises such 
    authority that--
            (A) it is in the national interest of the United States to 
        exercise such authority;
            (B) the P.L.O., the Palestinian Authority, and successor 
        entities are complying with all the commitments described in 
        paragraph (4); and
            (C) funds provided pursuant to the exercise of this 
        authority and the authorities under section 583(a) of Public Law 
        103-236 and section 3(a) of Public Law 103-125 have been used 
        for the purposes for which they were intended.
        (3) Requirement for continuing p.l.o. compliance.--
            (A) The President shall ensure that P.L.O. performance is 
        continuously monitored and if the President at any time 
        determines that the P.L.O. has not continued to comply with all 
        the commitments described in paragraph (4), he shall so notify 
        the relevant congressional committees and any suspension under 
        subsection (a) of a provision of law specified in subsection (d) 
        shall cease to be effective.
            (B) Beginning six months after the date of enactment of this 
        Act, if the President on the basis of the continuous monitoring 
        of the P.L.O.'s performance determines that the P.L.O. is not 
        complying with the requirements described in subsection (c), he 
        shall so notify the relevant congressional committees and no 
        assistance shall be provided pursuant to the exercise by the 
        President of the authority provided by subsection (a) until such 
        time as the President makes the certification provided for in 
        subsection (c).
        (4) P.L.O. commitments described.--The commitments referred to 
    in paragraphs (2)(B) and (3)(A) are the commitments made by the 
    P.L.O.--
            (A) in its letter of September 9, 1993, to the Prime 
        Minister of Israel; in its letter of September 9, 1993, to the 
        Foreign Minister of Norway to--
                (i) recognize the right of the State of Israel to exist 
            in peace and security;
                (ii) accept United Nations Security Council Resolutions 
            242 and 338;
                (iii) renounce the use of terrorism and other acts of 
            violence;
                (iv) assume responsibility over all P.L.O. elements and 
            personnel in order to assure their compliance, prevent 
            violations and discipline violators;
                (v) call upon the Palestinian people in the West Bank 
            and Gaza Strip to take part in the steps leading to the 
            normalization of life, rejecting violence and terrorism, and 
            contributing to peace and stability; and
                (vi) submit to the Palestine National Council for formal 
            approval the necessary changes to the Palestinian National 
            Covenant eliminating calls for Israel's destruction, and
            
[[Page 127]]

            (B) in, and resulting from, the good faith implementation of 
        the Declaration of Principles, including good faith 
        implementation of subsequent agreements with Israel, with 
        particular attention to the objective of preventing terrorism, 
        as reflected in the provisions of the Interim Agreement 
        concerning--
                (i) prevention of acts of terrorism and legal measures 
            against terrorists, including the arrest and prosecution of 
            individuals suspected of perpetrating acts of violence and 
            terror;
                (ii) abstention from and prevention of incitement, 
            including hostile propaganda;
                (iii) operation of armed forces other than the 
            Palestinian Police;
                (iv) possession, manufacture, sale, acquisition or 
            importation of weapons;
                (v) employment of police who have been convicted of 
            serious crimes or have been found to be actively involved in 
            terrorist activities subsequent to their employment;
                (vi) transfers to Israel of individuals suspected of, 
            charged with, or convicted of an offense that falls within 
            Israeli criminal jurisdiction;
                (vii) cooperation with the government of Israel in 
            criminal matters, including cooperation in the conduct of 
            investigations; and
                (viii) exercise of powers and responsibilities under the 
            agreement with due regard to internationally accepted norms 
            and principles of human rights and the rule of law.
        (5) Policy justification.--As part of the President's written 
    policy justification to be submitted to the relevant Congressional 
    Committees pursuant to paragraph (1), the President will report on--
            (A) the manner in which the P.L.O. has complied with the 
        commitments specified in paragraph (4), including responses to 
        individual acts of terrorism and violence, actions to discipline 
        perpetrators of terror and violence, and actions to preempt acts 
        of terror and violence;
            (B) the extent to which the P.L.O. has fulfilled the 
        requirements specified in subsection (c);
            (C) actions that the P.L.O. has taken with regard to the 
        Arab League boycott of Israel;
            (D) the status and activities of the P.L.O. office in the 
        United States;
            (E) all United States assistance which benefits, directly or 
        indirectly, the projects, programs, or activities of the 
        Palestinian Authority in Gaza, Jericho, or any other area it may 
        control, since September 13, 1993, including--
                (i) the obligation and disbursal of such assistance, by 
            project, activity, and date, as well as by prime contractor 
            and all subcontractors;
                (ii) the organizations or individuals responsible for 
            the receipt and obligation of such assistance;
                (iii) the intended beneficiaries of such assistance; and
                (iv) the amount of international donor funds that 
            benefit the P.L.O. or the Palestinian Authority in Gaza, 
            Jericho, or any other area the P.L.O. or the Palestinian 
            Authority may control, and to which the United States is a 
            contributor; and
            (F) statements by senior officials of the P.L.O., the 
        Palestinian Authority, and successor entities that question the 
        right of Israel to exist or urge armed conflict with or 
        terrorism against Israel or its citizens, including an 
        assessment of the degree to which such statements reflect 
        official policy of the P.L.O., the Palestinian Authority, or 
        successor entities.]
    [(c) Requirement for Continued Provision of Assistance.--Six months 
after the enactment of this Act, United States assistance shall not be 
provided pursuant to the exercise by the President of the authority 
provided by subsection (a), unless and until the President determines 
and so certifies to the Congress that--
        (1) if the Palestinian Council has been elected and assumed its 
    responsibilities, it has, within 2 months, effectively disavowed and 
    thereby nullified the articles of the Palestine National Covenant 
    which call for Israel's destruction, unless the necessary changes to 
    the Covenant have already been approved by the Palestine National 
    Council;
        (2) the P.L.O., the Palestinian Authority, and successor 
    entities have exercised their authority resolutely to establish the 
    necessary enforcement institutions; including laws, police, and a 
    judicial system, for apprehending, transferring, prosecuting, 
    convicting, and imprisoning terrorists;
        (3) the P.L.O., has limited participation in the Palestinian 
    Authority and its successors to individuals and groups that neither 
    engage in nor practice terrorism or violence in the implementation 
    of their political goals;
        (4) the P.L.O., the Palestinian Authority, and successor 
    entities have not provided any financial or material assistance or 
    training to any group, whether or not affiliated with the P.L.O., to 
    carry out actions inconsistent with the Declaration of Principles, 
    particularly acts of terrorism against Israel;
        (5) the P.L.O., the Palestinian Authority, or successor entities 
    have cooperated in good faith with Israeli authorities in--
            (A) the preemption of acts of terrorism;
            (B) the apprehension, trial, and punishment of individuals 
        who have planned or committed terrorist acts subject to the 
        jurisdiction of the Palestinian Authority or any successor 
        entity; and
            (C) the apprehension of and transfer to Israeli authorities 
        of individuals suspected of, charged with, or convicted of, 
        planning or committing terrorist acts subject to Israeli 
        jurisdiction in accordance with the specific provisions of the 
        Interim Agreement;
        (6) the P.L.O., the Palestinian Authority, and successor 
    entities have exercised their authority resolutely to enact and 
    implement laws requiring the disarming of civilians not specifically 
    licensed to possess or carry weapons;
        (7) the P.L.O., the Palestinian Authority, and successor 
    entities have not funded, either partially or wholly, or have ceased 
    funding, either partially or wholly, any office, or other presence 
    of the Palestinian Authority in Jerusalem unless established by 
    specific agreement between Israel and the P.L.O., the Palestinian 
    Authority, or successor entities;
        (8) the P.L.O., the Palestinian Authority, and successor 
    entities are cooperating fully with the Government of the United 
    States on the provision of information on United States nationals 
    known to have been held at any time by the P.L.O. or factions 
    thereof; and
        (9) the P.L.O., the Palestinian Authority, and successor 
    entities have not, without the agreement of the Government of 
    Israel, taken any steps that will change the status of Jerusalem or 
    the West Bank and Gaza Strip, pending the outcome of the permanent 
    status negotiations.]
    [(d) Provisions That May Be Suspended.--The provisions that may be 
suspended under the authority of subsection (a) are the following:
        (1) Section 307 of the Foreign Assistance Act of 1961 (22 U.S.C. 
    2227) as it applies with respect to the P.L.O. or entities 
    associated with it.
        (2) Section 114 of the Department of State Authorization Act, 
    fiscal years 1984 and 1985 (22 U.S.C. 287e note) as it applies with 
    respect to the P.L.O. or entities associated with it.
        (3) Section 1003 of the Foreign Relations Authorization Act, 
    fiscal years 1988 and 1989 (22 U.S.C. 5202).
        (4) Section 37 of the Bretton Woods Agreement Act (22 U.S.C. 
    286W) as it applies on the granting to the P.L.O. of observer status 
    or other official status at any meeting sponsored by or associated 
    with the International Monetary Fund. As used in this paragraph, the 
    term ``other official status'' does not include membership in the 
    International Monetary Fund.]
    [(e) Definitions.--As used in this title:
        (1) Relevant congressional committees.--The term ``relevant 
    congressional committees'' mean--
            (A) the Committee on International Relations, the Committee 
        on Banking and Financial Services, and the Committee on 
        Appropriations of the House of Representatives; and
            (B) the Committee on Foreign Relations and the Committee on 
        Appropriations of the Senate.
        (2) United states assistance.--The term ``United States 
    assistance'' means any form of grant, loan, loan guarantee, credit, 
    insurance, in kind assistance, or any other form of assistance.]

                         [Transition Provision]

    [Sec. 605. (a) In General.--Section 583(a) of the Foreign Relations 
Authorization Act, Fiscal Years 1994 and 1995 (Public Law 103-236) is 
amended by striking ``November 1, 1995'' and inserting ``January 1, 
1996''.]
    [(b) Consultation.--For purposes of any exercise of the authority 
provided in section 583(a) of the Foreign Relations Authorization Act, 
Fiscal Years 1994 and 1995 (Public Law 103-236) prior to November 15, 
1995, the written policy justification dated June 1, 1995, and submitted 
to the Congress in accordance with section 583(b)(1)

[[Page 128]]
of such Act, and the consultations associated with such policy 
justification, shall be deemed to satisfy the requirements of section 
583(b)(1) of such Act.]

                         [Reporting Requirement]

    [Sec. 606. Section 804(b) of the PLO Commitments Compliance Act of 
1989 (title VIII of Public Law 101-246) is amended--
        (1) in the matter preceding paragraph (1), by striking ``section 
    (3)(b)(1) of the Middle East Peace Facilitation Act of 1994'' and 
    inserting ``section 604(b)(1) of the Middle East Peace Facilitation 
    Act of 1995''; and
        (2) in paragraph (1), by striking ``section (4)(a) of the Middle 
    East Peace Facilitation Act of 1994 (Oslo commitments)'' and 
    inserting ``section 604(b)(4) of the Middle East Peace Facilitation 
    Act of 1995''.] (Foreign Operations, Export Financing, and Related 
    Programs Appropriation Act, 1996.)