gations). 546,764 2. Advances for economic assist 1966 estimate 902,000 1,105,000 1,648 1,261 1,105 548,811 903,261 1,106,105 -226,623 -525,314 -446,125 -927,521 -1,229,416 -1,451,732 21.40 21.49 Cash (appropriation). Contract authorization.. Unobligated balance available, 24.40 Cash (appropriation) 24.49 Contract authorization. 25 Unobligated balance lapsing.. 525,314 446,125 1,229,416 1,451,732 12 443.076 1,488,976 1,140,300 Section 507(a) of the act authorizes the sale of defense articles from Department of Defense stocks and defense services to eligible countries and international organizations if they agree to pay in dollars not less than the value thereof in advance or within 3 years after delivery. Payment within 120 days of delivery is normally required and the 3-year credit provision is used in very rare exceptions. Section 507(b) of the act provides contract authority for the procurement of defense articles and defense services for sale to eligible countries and international organizations if such purchasers provide the U.S. Government with a dependable undertaking to: (1) pay the full amount of the procurement contract which will assure the U.S. Government against any loss on the contract, and (2) to make funds available in such amounts and at such times as may be required to meet the payments or FUNDS APPROPRIATED TO THE PRESIDENT Continued MUTUAL DEFENSE AND DEVELOPMENT TRUST FUNDS-Continued other costs required by or resulting from the contract. An amendment made by the Foreign Assistance Act of 1964 provides authority for dependable undertaking transactions under section 507 (b) where the eligible purchaser agrees to pay 120 days after delivery with Department of Defense appropriations used to meet payments required by such contracts, which appropriations are to be reimbursed by amounts subsequently received from the purchasers. 2. Advances for economic assistance.-By agreement with certain governments, the Agency for International Development acts as agent, utilizing dollar advances by them to arrange transportation services for commodities purchased by those countries (22 U.S.C. 2151). 3. Technical assistance, U.S. dollars advanced from foreign governments.-Funds advanced by foreign countries are used to pay some local costs of development grant programs in those countries in accordance with bilateral agreements (22 U.S.C. 2151). Object Classification (in thousands of dollars) 16 22.0 Transportation of things.... 5,767 13,962 14,994 PEACE CORPS 25.1 Other services... 26.0 Supplies and materials. 324,629 31.0 Equipment....... 716,130 44.0 Refunds.. 743 938 903,261 1,106,105 1,072 INFORMATIONAL FOREIGN CURRENCY SCHEDULE 10 Volunteer and project costs (obligations) - - { 122 254 255 DEPARTMENT OF AGRICULTURE-Continued AGRICULTURAL RESEARCH SERVICE-Continued AGRICULTURAL RESEARCH SERVICE TRUST FUNDS-Continued The following services are financed by fees and miscellaneous contributions advanced by importers, manufacturers, States, organizations, individuals, and others. 1. Expenses and refunds, inspection and grading of farm products provide for (a) inspection and certification of animal foods and inedible agricultural products in interstate and foreign commerce; (b) identification and marking of divided portions of meat, meat byproducts, and meat food products for human consumption, which have been previously federally inspected and so marked, in order that divided portions will bear Federal marks; (c) examination of meat and meat food products in federally inspected meatpacking plants for compliance with contract specifications; and (d) a food inspection service covering any article of human food derived wholly or in part from meat, meat byproducts or meat food products not subject to the Federal meat inspection laws but for which the mark of Federal meat inspection is requested (7 U.S.C. 1622h, 1624). 2. Expenses, feed and attendants for animals in quarantine are paid from fees advanced by importers (21 U.S.C. 102). 3. Miscellaneous contributed funds received from States, local organizations, individuals, and others are available for work under cooperative agreements on miscellaneous farm, utilization, and marketing research activities, plant quarantine inspection, and cooperative plant pest control activities (5 U.S.C. 67, 563). Object Classification (in thousands of dollars) Identification code 05-04-9999-0-7-355 Change in selected actual estimate estimate |