§ 2774. — Foreign military sales credit standards.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC2774]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 39--ARMS EXPORT CONTROL
SUBCHAPTER III--MILITARY EXPORT CONTROLS
Sec. 2774. Foreign military sales credit standards
The President shall establish standards and criteria for credit and
guaranty transactions under sections 2763 and 2764 of this title in
accordance with the foreign, national security, and financial policies
of the United States.
(Pub. L. 90-629, ch. 3, Sec. 34, Oct. 22, 1968, 82 Stat. 1325.)
Delegation of Functions
Functions of President under this section delegated to Secretary of
State, with prior concurrence of Secretary of Defense and Secretary of
the Treasury required to extent standards and criteria for credit and
guaranty transactions are based upon national security or financial
policies, by section 1(h) of Ex. Ord. No. 11958, Jan. 18, 1977, 42 F.R.
4311, as amended, set out as a note under section 2751 of this title.
