Memorandum on Transfer of $5 Million in FY 1993 Foreign Military Financing Funds to the Peacekeeping Operations Account for Enforcement of Sanctions Against Serbia and Montenegro

Presidential Determination No. 93-20

Memorandum for the Secretary of State

Pursuant to the authority vested in me by section 610(a) of the Foreign Assistance Act of 1961, as amended (the "Act"), I hereby determine that it is necessary for the purposes of the Act that $ 5 million of funds made available for section 23 of the Arms Export Control Act for fiscal year 1993 for the cost of direct loans be transferred to, and consolidated with, funds made available for section 551 of the Act.

Pursuant to the authority vested in me by section 614(a)(1) of the Act, I hereby determine that it is important to the security interests of the United States to furnish $ 5 million for assistance for sanctions enforcement against Serbia and Montenegro without regard to any provision of law within the scope of section 614(a)(1), including section 660 of the Act. I hereby authorize the furnishing of such assistance.

You are hereby authorized and directed to report this determination immediately to the Congress and to publish it in the Federal Register.

WILLIAM J. CLINTON

THE WHITE HOUSE,

Washington, May 3, 1993.