[Weekly Compilation of Presidential Documents Volume 33, Number 32 (Monday, August 11, 1997)]
[Page 1211]
[Online from the Government Publishing Office, www.gpo.gov]

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Memorandum on Creation of a Middle East Peace and Stability Fund

August 7, 1997

Presidential Determination No. 97-30

Memorandum for the Secretary of State

Subject: Creation of a Middle East Peace and Stability Fund Using 
Current- and Prior-Year Economic Support Funds Appropriated for Egypt

    Pursuant to the authority vested in me by section 614(a)(1) of the 
Foreign Assistance Act of 1961, as amended, 22 U.S.C. 2364(a)(1) (the 
``Act''), I hereby determine that it is important to the security 
interests of the United States to furnish up to $50 million in current- 
and prior-year funds to Jordan under chapter 4 of part II of the Act 
without regard to any provision of the law within the scope of section 
614(a)(1). I hereby authorize the furnishing of such assistance.
    You are hereby authorized and directed to transmit this 
determination to the Congress and to arrange for its publication in the 
Federal Register.
                                            William J. Clinton