Volume 75 · 87
Public Law 87–41
Making appropriations for the Inter-American Social and Economic Cooperation Program and the Chilean Reconstruction and Rehabilitation Program for the fiscal year ending June 30, 1961, and for other purposes.
Approved May 27, 1961
Statutory text
AN ACT
Making appropriations for the Inter-American Social and Economic Cooperation Program and the Chilean Reconstruction and Rehabilitation Program for the fiscal year ending June 30, 1961, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the following sums are appropriated, out of any money in the Treasury not otherwise appropriated, for the Inter-American Social and Economic Cooperation Program and the Chilean Reconstruction and Rehabilitation Program for the fiscal year ending June 30, 1961, namely:
FUNDS APPROPRIATED TO THE PRESIDENT Inter-American Cooperation inter-american social and economic cooperation program For expenses necessary to carry out the provisions of sections 1 and 2 of the Act of September 8, 1960 (74 Stat. 869), $500,000,000, to remain available until expended: Provided, That the funds herein appropriated shall not be available to be loaned or reloaned at interest rates considered to be excessive by the Inter-American Development Bank or higher than the legal rate of interest of the country in which the loan is made. chilean reconstruction and rehabilitation program For assistance in the reconstruction and rehabilitation of Chile, as authorized by section 3 of the Act of September 8, 1960 (74 Stat. 870), $100,000,000, to remain available until expended.
Approved May 27, 1961, 10:00 a.m.