Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That there is hereby authorized to be appropriated to the President, out of any money in the Treasury not otherwise appropriated, not to exceed $16,000,000 as a special contribution by the United States to the United Nations for the purposes set forth in the resolution of the General Assembly of the United Nations of November 19, 1948, providing for the relief of Palestine refugees.
SEC. 2. Notwithstanding the provision of any other law, the Reconstruction Finance Corporation is authorized and directed, until such time as an appropriation shall be made pursuant to section 1, to make advances to the President, not to exceed in the aggregate $8,000,000, to carry out the provisions of this joint resolution. From appropriations authorized under section 1, there shall be repaid to the Reconstruction Finance Corporation, without interest, the advances made by it under authority contained herein. No interest shall be charged on advances made by the Treasury to the Reconstruction Finance Corporation in implementation of this section.
Approved March 24, 1949.
Sources: The Avalon Project
A Decade of American Foriegn Policy : Basic Documents, 1941-49
Prepared at the request of the Senate Committee on Foreign Relations
By the Staff of the Committe and the Department of State.
Washington, DC : Government Printing Office, 1950