§ 2777. Fiscal provisions relating to foreign military sales credits

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1968

   The Foreign Military Sales Act

   Pub. L. 90–629 · 82 Stat. 1320

   Enacted · 22 U.S.C. § 2777

   Pub. L. 90–629, ch. 3, § 37, Oct. 22, 1968, 82 Stat. 1326

   Source evidence

   Code source credit
   Pub. L. 90–629, ch. 3, § 37, Oct. 22, 1968, 82 Stat. 1326

2. 1973

   Foreign Assistance Act of 1973

   Pub. L. 93–189 § 25(11) · 87 Stat. 714

   Inserted · 22 U.S.C. § 2777(b)

   Pub. L. 93–189 inserted provisions relating to indebtedness under section 2764(b) of this title and exclusions of portions of the sales proceeds required at the time of disposition as a reserve for payment of claims under guaranties issued under section 2764(b) of this title

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 93–189 inserted provisions relating to indebtedness under section 2764(b) of this title and exclusions of portions of the sales proceeds required at the time of disposition as a reserve for payment of claims under guaranties issued under section 2764(b) of this title.

   Enacted provision · exact public law section
   (11) In section 37(b), insert after “indebtedness” the following: “under section 24(b)(excluding such portion of the, sales proceeds as may be required at the time of disposition to be obligated as a reserve for payment of claims under guaranties issued pursuant to section 24(b), which sums are made available for such obligations)”.

3. 1980

   International Security and Development Cooperation Act of 1980

   Pub. L. 96–533 § 105(e)(1) · 94 Stat. 3131

   Inserted · 22 U.S.C. § 2777(a)

   Pub. L. 96–533, § 105(e)(1), inserted reference to section 2769 of this title

   Source evidence

   Code amendment note
   Subsec. (a). Pub. L. 96–533, § 105(e)(1), inserted reference to section 2769 of this title.

   Enacted provision · exact public law section
   (1) Section 37(a) of such Act is amended by striking out “sections 22 USC 2777. 21 and 22” and inserting in lieu thereof “sections 21, 22, and 29”.

4. 1980

   International Security and Development Cooperation Act of 1980

   Pub. L. 96–533 § 104(b) · 94 Stat. 3131

   Added · 22 U.S.C. § 2777(c)

   Pub. L. 96–533, § 104(b), added subsec. (c)

   Source evidence

   Code amendment note
   Subsec. (c). Pub. L. 96–533, § 104(b), added subsec. (c).

   Enacted provision · exact public law section
   (b) Section 37 of such Act is amended by adding at the end thereof 22 USC 2777. the following: “(c) Notwithstanding the provisions of subsection (b), to the extent that any of the funds constituting the reserve under section 24(c) are Ante, p. 3132. paid out for a claim arising out of a loan guaranteed under section 24, amounts received from a foreign government or international organization after the date of such payment, with respect to such claim, shall be credited to such reserve, shall be merged with the funds in such reserve, and shall be available for any purpose for which funds in such reserve are available.”.

3 of 4 references resolved to an enrolled provision · 1 partial