[Weekly Compilation of Presidential Documents Volume 43, Number 28 (Monday, July 16, 2007)]
[Page 938]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Presidential Determination on Transfer of Economic Support Funds to the 
Overseas Private Investment Corporation To Establish a Loan Guarantee 
Program

July 10, 2007

 Presidential Determination No. 2007-26

Memorandum for the Secretary of State

Subject: Presidential Determination on Transfer of Economic Support 
Funds to the Overseas Private Investment Corporation to Establish a Loan 
Guarantee Program

    Pursuant to section 579 of the Foreign Operations, Export Financing, 
and Related Programs Appropriations Act, 2006 (Public Law 109-102)(the 
``Act''), I hereby determine that it is in furtherance of the purposes 
of the Foreign Assistance Act of 1961, that $5 million in Economic 
Support Funds appropriated under title II of the Act may be transferred 
to and merged with the funds appropriated by the Act for the Overseas 
Private Investment Corporation Program Account, to be subject to the 
terms and conditions of that account.
    You are authorized and directed to publish this determination in the 
Federal Register.
                                                George W. Bush

Note: This memorandum was released by the Office of the Press Secretary 
on July 11.