To modify the obligation of funds requirement related to Millennium Challenge Compacts.

1. Inserts “not more than 50 percent of the entire amount of the United States Government funding ant…” after “obligates”

   InsertsPage 260, line 1Printed page

   In H.R. 2764 · Public Print

   millennium challenge corporation

   For necessary expenses to carry out the provisions of the Millennium Challenge Act of 2003, $1,200,000,000, to remain available until expended: Provided, That of the funds appropriated under this heading, up to $75,000,000 may be available for administrative expenses of the Millennium Challenge Corporation: Provided further, That up to 10 percent of the funds appropriated under this heading may be made available to carry out the purposes of section 616 of the Millennium Challenge Act of 2003 for candidate countries for fiscal year 2008: Provided further, That none of the funds available to carry out section 616 of such Act may be made available until the Chief Executive Officer of the Millennium Challenge Corporation provides a report to the Committees on Appropriations listing the candidate countries that will be receiving assistance under section 616 of such Act, the level of assistance proposed for each such country, a description of the proposed programs, projects and activities, and the implementing agency or agencies of the United States Government: Provided further, That section 605(e)(4) of the Millennium Challenge Act of 2003 shall apply to funds appropriated under this heading: Provided further, That funds appropriated under this heading may be made available for a Millennium Challenge Compact entered into pursuant to section 609 of the Millennium Challenge Act of 2003 only if such Compact obligates not more than 50 percent of the entire amount of the United States Government funding anticipated for the duration of the Compact[inserted: not more than 50 percent of the entire amount of the United States Government funding anticipated for the duration of the Compact], or contains a commitment to obligate subject to the availability of funds and the mutual agreement of the parties to the Compact to proceed the entire amount of the United States Government funding anticipated for the duration of the Compact.

   Department of State

   Original wording

   On page 260, line 1, insert after “obligates” the following: “not more than 50 percent of the entire amount of the United States Government funding anticipated for the duration of the Compact”.

Read automatically from the Congressional Record. Check the original before relying on it.

As printed