(a) Financing of exchanges with repayments on Lend-Lease debts
The President is authorized to negotiate and implement agreements with the independent states of the former Soviet Union under which repayments made by the independent states on Lend-Lease debts to the United States would be used to finance the exchange of persons between the United States and the independent states for educational, cultural, and artistic purposes. Exchanges authorized pursuant to this section shall be administered subject to the provisions of this chapter. Part of the funds repaid to the United States shall be in convertible currency for the purpose of paying the expenses associated with study and other exchange activities in the United States by citizens of the independent states.
(b) Limitation on availability of funds
Funds made available for the purposes of this section shall be available only to the extent and in the amounts provided for in an appropriation Act.
This chapter, referred to in subsec. (a), was in the original “this Act”, meaning Pub. L. 87–256, Sept. 21, 1961, 75 Stat. 527, as amended, known as the Mutual Educational and Cultural Exchange Act of 1961. For complete classification of this Act to the Code, see Short Title note set out under section
2451 of this title and Tables.
1993—Pub. L. 103–199, § 301(2)(A), substituted “Exchanges between United States and independent states of the former Soviet Union” for “United States-Soviet exchanges” in section catchline.
Subsec. (a). Pub. L. 103–199, § 301(2)(B)–(E), substituted “agreements with the independent states of the former Soviet Union” for “an agreement with the Union of Soviet Socialist Republics”, “made by the independent states” for “made by the Soviet Union”, “and the independent states” for “and the Soviet Union”, and “in the United States by citizens of the independent states” for “by Soviet citizens in the United States”.
In subsec. (a), independent states of the former Soviet Union and independent states have the meanings given in section
5801 of this title, see section 3 ofPub. L. 103–199, set out as a note under section
5801 of this title.
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