(5) Eisenhower Exchange Fellowship Act of 1990 Public Law 101–454 [S. 2017], 104 Stat. 1063, approved October 24, 1990 AN ACT To provide a permanent endowment for the Eisenhower Exchange Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1.1 SHORT TITLE. This Act may be cited as the "Eisenhower Exchange Fellowship Act of 1990". SEC. 2. PURPOSES. The purposes of this Act are (1) to provide a permanent endowment for the Eisenhower Exchange Fellowship Program; (2) to honor Dwight D. Eisenhower for his character, courage, and patriotism, and for his leadership based on moral integrity and trust; (3) to pay tribute to President Eisenhower's leadership in war and peace, through his diverse understanding of history, practical affairs, and the hearts of humankind; (4) to address America's need for the best possible higher education of its young talent for a competitive world which shares a common and endangered environment; (5) to advance the network of friendship and trust already established in President Eisenhower's name, so that it may continue to grow to the imminent challenges of the 21st century; (6) to complete Dwight David Eisenhower's crusade to liberate the people's 3 of Europe from oppression; (7) to deepen and expand relationships with European nations developing democracy and self-determination; and (8) to honor President Dwight D. Eisenhower on the occasion of the centennial of his birth through permanent endowment of an established fellowship program, the Eisenhower Exchange Fellowships, to increase educational opportunities for young leaders in preparation for and enhancement of their professional careers, and advancement of peace through international understanding. 120 U.S.C. 5201 note. 220 U.S.C. 5201. So in original. Should read peoples. SEC. 3. EISENHOWER EXCHANGE FELLOWSHIP PROGRAM TRUST FUND. (a) ESTABLISHMENT.-There is established in the Treasury of the United States a trust fund to be known as the Eisenhower Exchange Fellowship Program Trust Fund (hereinafter in this Act referred to as the "fund"). The fund shall consist of amounts authorized to be appropriated under section 5 of this Act. (b) INVESTMENT IN INTEREST BEARING OBLIGATIONS.-It shall be the duty of the Secretary of the Treasury to invest in full amounts appropriated to the fund. Such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interests 5 by the United States. For such purpose, such obligations may be acquired (1) on original issue at the issue price, or (2) by purchase of outstanding obligations at the market price. The purposes for which obligations of the United States may be issued under chapter 31 of title 31, are hereby extended to authorize the issuance at par of special obligations exclusively to the fund. Such special obligations shall bear interest at a rate equal to the average rate of interest, computed as to the end of the calendar month next preceding the date of such issue borne by all marketable interest-bearing obligations of the United States then forming a part of the public debt; except that where such average rate is not a multiple of one-eighth of 1 percent, the rate of interest of such special obligations shall be the multiple of one-eighth of 1 percent next lower than such average rate. Such special obligations shall be issued only if the Secretary determines that the purchase of other than interest-bearing obligations of the United States, or of obligations guaranteed as to both principal and interest by the United States or original issue or at the market price, is not in the public interest. (c) SALE AND REDEMPTION OF OBLIGATIONS.-Any obligation acquired by the fund (except special obligations issued exclusively to the fund) may be sold by the Secretary of the Treasury at the market price, and such special obligations may be redeemed at par plus accrued interest. (d) CREDIT TO THE FUND OF INTEREST AND PROCEEDS OF SALE OR REDEMPTION.-The interest on, and the proceeds from the sale or redemption of, any obligations held in the fund shall be credited to and form a part of the fund. SEC. 4. EXPENDITURE AND AUDIT OF TRUST FUND. (a) AUTHORIZATION OF FUNDING.-For each fiscal year, there is authorized to be appropriated from the fund to Eisenhower Exchange Fellowships, Incorporated, the interest and earnings of the fund. (b) ACCESS TO BOOKS, RECORDS, ETC. BY GENERAL ACCOUNTING OFFICE. The activities of Eisenhower Exchange Fellowships, Incorporated, may be audited by the General Accounting Office under such rules and regulations as may be prescribed by the Comptroller General of the United States. The representatives of the General Accounting Office shall have access to all books, accounts, records, 420 U.S.C. 5202. Should probably read "interest". 620 U.S.Č. 5203. reports, and files and all other papers, things, or property belonging to or in use by Eisenhower Exchange Fellowships, Incorporated, pertaining to such activities and necessary to facilitate the audit. SEC. 5.7 AUTHORIZATION OF APPROPRIATIONS. To provide a permanent endowment for the Eisenhower Exchange Fellowship Program, there are authorized to be appropriated to the Eisenhower Exchange Fellowships Program Trust Fund (1) $2,500,000, or (2) the lesser of (A) $2,500,000, or (B) an amount equal to contributions to Eisenhower Exchange Fellowships, Incorporated, from private sector sources during the 4-year period beginning on the date of enactment of this Act. SEC. 6. USE OF INCOME ON THE ENDOWMENT. (a) REQUIREMENT FOR FUNDING OF UNITED STATES FELLOWS IN EMERGING EUROPEAN DEMOCRACIES.-For any fiscal year, not less than 50 percent of the amounts made available to Eisenhower Exchange Fellowships, Incorporated, pursuant to section 4(a) shall be available only to assist United States fellows in traveling to and studying in emerging European democracies. (b) LIMITATION ON STUDY IN UNITED STATES.-For any fiscal year, not more than 50 percent of the amounts made available to Eisenhower Exchange Fellowships, Incorporated, pursuant to section 4(a) shall be available to assist foreign fellows in traveling to and studying in the United States. (c) AGRICULTURAL EXCHANGE PROGRAM.-For any fiscal year, as may be determined by Eisenhower Exchange Fellowships, Incorporated, a portion of the amounts made available to Eisenhower Exchange Fellowships, Incorporated, pursuant to section 4(a) shall be used to provide fellowships for agricultural exchange programs for farmers from the United States and foreign countries. (d) PARTICIPATION BY UNITED STATES MINORITY POPULATIONS.— In order to ensure that the United States fellows participating in programs of the Eisenhower Exchange Fellowships, Incorporated, are representatives of the cultural, ethnic, and racial diversity of 720 U.S.C. 5204. Title V of the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1995 (Public Law 103-317; 108 Stat. 1770), provided the following: "EISENHOWER EXCHANGE FELLOWSHIP PROGRAM "TRUST FUND "For payment to the Eisenhower Exchange Fellowship Program Trust Fund as authorized by the Eisenhower Exchange Fellowship Act of 1990 (20 U.S.C. 5204-05), $2,500,000, to remain available until expended. "For necessary expenses of Eisenhower Exchange Fellowships, Incorporated to be derived from interest and earnings from the Eisenhower Exchange Fellowship Program Trust Fund as authorized by sections 4 and 5 of the Eisenhower Exchange Fellowship Act of 1990 (20 U.S.C. 5204-05), $300,000 to remain available until expended: Provided, That none of the funds appropriated herein shall be used to pay any salary or other compensation, or to enter into any contract providing for the payment thereof, in excess of the rate authorized by 5 U.S.C. 5376; or for purposes which are not in accordance with OMB Circulars A-110 (Uniform Administrative Requirements) and A-122 (Cost Principles for Non-profit Organizations), including the restrictions on compensation for personal services.". 820 U.S.C. 5205. the American people, of the amounts made available to Eisenhower Exchange Fellowships, Incorporated, pursuant to section 4(a) which are obligated and expended for United States fellowship programs, not less than 10 percent shall be available only for participation by individuals who are representative of United States minority populations. SEC. 7. REPORT TO CONGRESS. For any fiscal year for which Eisenhower Exchange Fellowships, Incorporated, receive funds pursuant to section 4(a) of this Act, Eisenhower Exchange Fellowships, Incorporated, shall prepare and transmit to the President and the Congress a report of its activities for such fiscal year. 20 U.S.C. 5206. (6) Assistance to Eastern Europe and Yugoslavia Partial text of Public Law 101-243 [Urgent Assistance for Democracy in Panama Act of 1990; H.R. 3952), 104 Stat. 7, approved February 14, 1990 AN ACT To authorize certain United States assistance and trade benefits for Panama and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE This Act may be cited as the "Urgent Assistance for Democracy in Panama Act of 1990". TITLE I-PANAMA 1 TITLE II-EASTERN EUROPE AND YUGOSLAVIA SEC. 201. ASSISTANCE TO SUPPORT TRANSITION TO DEMOCRACY. (a) AUTHORITY.-Notwithstanding any other provision of law, the President may use up to $10,000,000 of the funds appropriated for fiscal year 1990 to carry out chapter 4 of part II of the Foreign Assistance Act of 1961 (22 U.S.C. 2346 and following; relating to the economic support fund) to support the process of democratic transition in East European countries and Yugoslavia, in addition to amounts otherwise available for such purposes. (b) LIMITATION.-Funds provided under this section shall be made available only (1) after the President has certified to the Congress that the country where funds are being expended has had, or is scheduled to have, open and free multiparty national or regional elections; and (2) in such a manner so as to benefit substantially a full range of non-Communist political parties in the countries in which such funds are used. 1 Title I may be found at page 178. |