
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 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.
