§ 421. — Contracts by Government agencies for defense articles, services, etc., for foreign governments in interests of United States.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC421]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 9--FOREIGN WARS, WAR MATERIALS, AND NEUTRALITY
SUBCHAPTER I--WAR MATERIALS
Sec. 421. Contracts by Government agencies for defense articles,
services, etc., for foreign governments in interests of United
States
The President may, from time to time, when he deems it in the
interest of national defense, authorize the head of any department or
agency of the Government, to enter into contracts for the procurement of
defense articles, information, or services for the government of any
country whose defense the President deems vital to the defense of the
United States, to the extent that such government agrees to pay the
United States for such defense articles, information, or services prior
to the receipt thereof and to make such payments from time to time as
the President may require to protect the interests of the United States;
and, upon payment of the full cost, the President may dispose of such
articles, information, or services to such government: Provided, That
the total amount of the outstanding contracts under this section, less
the amounts which have been paid to the United States under such
contracts, shall at no time exceed $600,000,000.
(Oct. 28, 1941, ch. 460, title I, Sec. 102, 55 Stat. 746.)
Section Referred to in Other Sections
This section is referred to in section 422 of this title.
