PUBLIC LAW 104-208—SEPT. 30, 1996 110 STAT. 3009-122
2(b)(2) of the Export-Import Bank Act of 1945, in connection with
the purchase or lease of any product by any East European country,
any Baltic State, or any agency or national thereof.
ADMINISTRATIVE EXPENSES
For administrative expenses to carry out the direct and guaranteed loan and insurance programs (to be computed on an accrual
basis), including hire of passenger motor vehicles and services as
authorized by 5 U.S.C. 3109, and not to exceed $20,000 for official
reception and representation expenses for members of the Board
of Directors, $46,614,000: Provided, That necessary expenses
(including special services performed on a contract or fee basis,
but not including other personal services) in connection with the
collection of moneys owed the Export-Import Bank, repossession
or sale of pledged collateral or other assets acquired by the Export-
Import Bank in satisfaction of moneys owed the Export-Import
Bank, or the investigation or appraisal of any property, or the
evaluation of the legal or technical aspects of any transaction for
which an application for a loan, guarantee or insurance commitment
has been made, shall be considered nonadministrative expenses
for the purposes of this heading: Provided further. That, effective
July 21, 1997, notwithstanding any other provision of law, none
of the funds made available by this or any other Act may be
made available to compensate the incumbent Chairman and President of the Export-Import Bank Provided further. That, notwith- 12 USC 635a
standing subsection (b) of section 117 of the Export Enhancement note.
Act of 1992, subsection (a) thereof shall remain in effect until
October 1, 1997.
OVERSEAS PRIVATE INVESTMENT CORPORATION
NONCREDIT ACCOUNT
The Overseas Private Investment Corporation is authorized
to make, without regard to fiscal year limitations, as provided
by 31 U.S.C. 9104, such expenditures and commitments within
the limits of funds available to it and in accordance with law
as may be necessary: Provided, That the amount available for
administrative expenses to carry out the credit and insurance programs (including an amount for official reception and representation
expenses which shall not exceed $35,000) shall not exceed
$32,000,000: Provided further. That project-specific transaction
costs, including direct and indirect costs incurred in claims settlements, and other direct costs associated with services provided
to specific investors or potential investors pursuant to section 234
of the Foreign Assistance Act of 1961, shall not be considered
administrative expenses for the purposes of this heading.
PROGRAM ACCOUNT
For the cost of direct and guaranteed loans, $72,000,000, as
authorized by section 234 of the Foreign Assistance Act of 1961:
Provided, That such costs, including the cost of modifying such
loans, shall be as defined in section 502 of the Congressional Budget
Act of 1974: Provided further. That such sums shall be available
for direct loan obligations and loan guaranty commitments incurred
or made during fiscal years 1997 and 1998: Provided further. That
such sums shall remain available through fiscal year 2005 for
�
