96-28396. 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 Documents 



Federal Register / Vol. 61, No. 214 / Monday, November 4, 1996 / 
Presidential Documents

[[Page 56867]]


                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.

                    (Presidential Sig.)

                THE WHITE HOUSE,

                    Washington, September 30, 1996.

[FR Doc. 96-28396
Filed 11-1-96; 8:45 am]
Billing code 4710-10-M