§2349a — Title 22 Foreign Relations and Intercourse | U.S. Code

Summary

The President may use up to $800,000,000 to finish the agreed construction work, and that money can be used until it is spent. If Israel agrees to pay whatever extra money is needed beyond the U.S. amount and gives those funds to the United States in advance when they are needed, the President may sign contracts and make the commitments required to finish the work, but only to the extent Congress provides money in advance in appropriation laws. Money Israel provides can be added to the U.S. account to pay the bills or returned to Israel if it is not needed, as the President decides. Israel may use credits, loan proceeds made available under the Arms Export Control Act, or other financing to provide those funds.

Title 22, §2349a

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)There is authorized to be appropriated to the President to carry out this part not to exceed $800,000,000, which may be made available until expended.

(b)Upon agreement by the Government of Israel to provide to the Government of the United States funds equal to the difference between the amount required to complete the agreed construction work and the amount appropriated pursuant to subsection (a) of this section, and to make those funds available, in advance of the time when payments are due, in such amounts and at such times as may be required by the Government of the United States to meet those additional costs of construction, the President may incur obligations and enter into contracts to the extent necessary to complete the agreed construction work, except that this authority shall be effective only to such extent or in such amounts as are provided in advance in appropriation Acts.

(c)Funds made available by the Government of Israel pursuant to subsection (b) of this section may be credited to the appropriation account established to carry out the purposes of this section for the payment of obligations incurred and for refund to the Government of Israel if they are unnecessary for that purpose, as determined by the President. Credits and the proceeds of guaranteed loans made available to the Government of Israel pursuant to the Arms Export Control Act [22 U.S.C. 2751 et seq.], as well as any other source of financing available to it, may be used by Israel to carry out its undertaking to provide such additional funds.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Arms Export Control Act, referred to in subsec. (c), is Pub. L. 90–629, Oct. 22, 1968, 82 Stat. 1320, which is classified principally to chapter 39 (§ 2751 et seq.) of this title. For complete classification of this Act to the Code, see

Short Title

note set out under section 2751 of this title and Tables.

Executive Documents

Delegation of Functions For delegation of functions of President under this section, see Ex. Ord. No. 12163, Sept. 29, 1979, 44 F.R. 56673, as amended, set out as a note under section 2381 of this title.

§2349a Authorization and Utilization of Funds