Financing of exchanges with repayments on Lend-Lease debts
The President is authorized to negotiate and implement agreements with the independent states of the former Soviet Union under which repayments made by the independent states on Lend-Lease debts to the United States would be used to finance the exchange of persons between the United States and the independent states for educational, cultural, and artistic purposes. Exchanges authorized pursuant to this section shall be administered subject to the provisions of this chapter. Part of the funds repaid to the United States shall be in convertible currency for the purpose of paying the expenses associated with study and other exchange activities in the United States by citizens of the independent states.
Limitation on availability of funds
Funds made available for the purposes of this section shall be available only to the extent and in the amounts provided for in an appropriation Act.
Pub. L. 87–256, § 113Pub. L. 101–246, title II, § 224104 Stat. 56Pub. L. 103–199, title III, § 301(2)107 Stat. 2322(, as added , , ; amended , , .)
Editorial Notes
References in Text
Pub. L. 87–25675 Stat. 527section 2451 of this titleThis chapter, referred to in subsec. (a), was in the original “this Act”, meaning , , , known as the Mutual Educational and Cultural Exchange Act of 1961. For complete classification of this Act to the Code, see Short Title note set out under and Tables.
Amendments
Pub. L. 103–199, § 301(2)(A)1993—, substituted “Exchanges between United States and independent states of the former Soviet Union” for “United States-Soviet exchanges” in section catchline.
Pub. L. 103–199, § 301(2)(B)Subsec. (a). –(E), substituted “agreements with the independent states of the former Soviet Union” for “an agreement with the Union of Soviet Socialist Republics”, “made by the independent states” for “made by the Soviet Union”, “and the independent states” for “and the Soviet Union”, and “in the United States by citizens of the independent states” for “by Soviet citizens in the United States”.
Statutory Notes and Related Subsidiaries
Definitions
section 5801 of this titlesection 3 of Pub. L. 103–199section 5801 of this titleIn subsec. (a), independent states of the former Soviet Union and independent states have the meanings given in , see , set out as a note under .