Memorandum on Waiver of Fiscal Year 1994 Ceiling on Housing Guaranty Loans for South Africa Private Sector Housing Guaranty Program

Presidential Determination No. 94-45

Memorandum for the Administrator of the Agency for International Development

Pursuant to the authority vested in me by section 614(a)(1) of the Foreign Assistance Act of 1961, as amended, I hereby determine that it is important to the security interests of the United States to furnish assistance to South Africa, in the form of Housing Guaranty loans of up to $ 75 million, without regard to any limitations contained in the Fiscal Year 1994 Foreign Operations, Export Financing, and Related Programs Appropriations Act.

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

WILLIAM J. CLINTON

THE WHITE HOUSE,

Washington, August 31, 1994.