§1726. Maximum level of expenditures

(a) Maximum expenditures

Except as provided in subsection (b) of this section, programs of assistance shall not be undertaken under this subchapter during any fiscal year if such programs necessitate an appropriation of more than $1,000,000,000 to reimburse the Commodity Credit Corporation for all costs incurred in connection with such programs (including the Corporation's investment in commodities made available).

(b) Waiver by President

The President may waive the limitation contained in subsection (a) of this section if the President determines that such waiver is necessary to undertake programs of assistance to meet urgent humanitarian or emergency needs.

(July 10, 1954, ch. 469, title II, §206, as added Pub. L. 94–161, title II, §209, Dec. 20, 1975, 89 Stat. 854 ; amended Pub. L. 95–88, title II, §210, Aug. 3, 1977, 91 Stat. 548 ; Pub. L. 96–53, title II, §203, Aug. 14, 1979, 93 Stat. 368 ; Pub. L. 99–198, title XI, §1112(a)(2), Dec. 23, 1985, 99 Stat. 1478 ; Pub. L. 100–202, §§12, 13, Dec. 22, 1987, 101 Stat. 1329–448 ; Pub. L. 100–418, title IV, §4610(d), Aug. 23, 1988, 102 Stat. 1411 ; Pub. L. 101–624, title XV, §1512, Nov. 28, 1990, 104 Stat. 3640 .)

Amendments

1990-Pub. L. 101–624 amended section generally, substituting present provisions for provisions prohibiting assistance, except to meet famine or other emergencies, or for non-emergency programs conducted by non-profit entities, generating foreign currency proceeds, unless recipient country is undertaking self-help measures, specific uses for currencies are set forth in agreement, and agreement provides that currencies will go to alleviating causes of need for assistance, to improving food distribution, and increasing availability of commodities to neediest persons, or to health programs, and provisions requiring annual report by President to Congress on sales and barter and use of foreign currency proceeds.

1988-Pub. L. 100–418 amended directory language of Pub. L. 100–202, §13. See 1987 Amendment note below.

1987-Subsec. (a). Pub. L. 100–202, as amended by Pub. L. 100–418, designated existing provisions as subsec. (a), inserted "or for nonemergency programs conducted by nonprofit voluntary agencies or cooperatives," after "requirements,", and added subsec. (b).

1985-Pub. L. 99–198 in cl. (3) added subcl. (C).

1979-Pub. L. 96–53 in cl. (3) added subcl. (A) and designated existing provisions as subcl. (B).

1977-Pub. L. 95–88 substituted "used for increasing the effectiveness of the programs of food distribution and increasing the availability of food commodities provided under this subchapter to the neediest individuals in recipient countries" for "used for purposes specified in section 2151a of title 22".

Effective Date of 1990 Amendment

Amendment by Pub. L. 101–624 effective Jan. 1, 1991, see section 1513 of Pub. L. 101–624, set out as a note under section 1691 of this title.

Effective Date of 1979 Amendment

Amendment by Pub. L. 96–53 effective Oct. 1, 1979, see section 512(a) of Pub. L. 96–53, set out as a note under section 2151 of Title 22, Foreign Relations and Intercourse.

Effective Date of 1977 Amendment

Amendment by Pub. L. 95–88 effective Oct. 1, 1977, see section 215 of Pub. L. 95–88, set out as a note under section 1702 of this title.