Loan Guarantee to Israel Program

[Federal Register Volume 61, Number 214 (Monday, November 4, 1996)]
[Presidential Documents]
[Page 56867]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28396]

Presidential Determination No. 96-58 of September 30,
1996

Loan Guarantee to Israel Program

Memorandum for the Secretary of State

Pursuant to the authority vested in me by section
226(b) and section 614(a)(1) of the Foreign Assistance
Act of 1961, as amended (``the Act''), 22 U.S.C.
2186(b) and 22 U.S.C. 2364(a)(1), respectively, I
hereby determine that:

(1) $307 million of loan guarantee authority
pursuant to section 226(a) and (b) of the Act for
Fiscal Year 1997 is subject to the deduction
requirements of section 226(d) of the Act; and
(2) it is important to the security interests of
the United States that the aforementioned amount shall
be reduced by $247 million without regard to the
deduction requirement of section 226(d) of the Act or
any other provision of law within the scope of section
614 of the Act;

Therefore, I hereby authorize that such $247 million in
loan guarantee authority shall remain available
pursuant to section 226(a) and (b) of the Act and that
$60 million in loan guarantee authority shall be
deducted pursuant to section 226(d) of the Act.

You are hereby authorized and directed to transmit this
determination to the Congress and to arrange for its
publication in the Federal Register.

THE WHITE HOUSE,

Washington, September 30, 1996.