
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: 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.
