123STA T . 33 4 2 PUBLIC LA W 111 – 11 7—DE C.1 6, 2 0 0 9REC E IPTS C OL LECTE DRec e ipts c ol lecte d p ur su an ttot h e Ex port -Im port B an kA ct o f1945, as amended, and the F ederal C redit Reform Act of 199 0 , as amended, in an amount not to exceed the amount appropriated herein, shall b e credited as offsettin g collections to this account
- Provide
d, T hat the sums herein appropriated from the G eneral Fund shall be reduced on a dollar-for-dollar basis b y such offsetting collections so as to result in a final fiscal year appropriation from the General Fund estimated at $ 0: Provided fu r th er, That amounts collected in fiscal year 2 010 in excess of obligations shall become a v ailable on S eptember 1, 2010 and shall remain available until September 3 0, 2013 .OV ERSE A S P RIVATE I N VEST M ENT CORPORATION NONCREDIT ACCO U NT The Overseas Private Investment Corporation is authori z ed to make, w ithout 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 pro- grams ( including an amount for official reception and representation expenses which shall not exceed $35,000 ) shall not exceed $52,310,000: Provided further, That pro j ect-specific transaction costs, including direct and indirect costs incurred in claims settle- ments, and other direct costs associated with services provided to specific investors or potential investors pursuant to section 234 of the Foreign Assistance Act of 19 6 1, shall not be considered administrative expenses for the purposes of this heading. PRO G RAM ACCOUNT For the cost of direct and guaranteed loans, $29,000,000, as authorized by section 234 of the Foreign Assistance Act of 1961, to be derived by transfer from the Overseas Private Investment Corporation N oncredit Account: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 19 7 4: Provided further, That such sums shall be available for direct loan obligations and loan guaranty commitments incurred or made during fiscal years 2010, 2011, and 2012: Provided further, That funds so obligated in fiscal year 2010 remain available for disbursement through 201 8; funds obligated in fiscal year 2011 remain available for disburse- ment through 2019; and funds obligated in fiscal year 2012 remain available for disbursement through 2020: Provided further, That notwithstanding any other provision of law, the Overseas Private Investment Corporation is authorized to undertake any program authorized by title I V of the Foreign Assistance Act of 1961 in Ira q
- Provided further, That funds made available pursuant to
the authority of the previous proviso shall be subject to the regular notification procedures of the Committees on Appropriations. In addition, such sums as may be necessary for administrative expenses to carry out the credit program may be derived from amounts available for administrative expenses to carry out the Notif i ca tio n.
