Page "government" Paragraph 585

The two Governments agree that the rupees accruing to the Government of the United States of America as a consequence of sales made pursuant to this Agreement will be used by the Government of the United States of America, in such manner and order of priority as the Government of the United States of America shall determine, for the following purposes in the amounts shown: ( A )

For United States expenditures under subsections ( A ), ( B ), ( D ), ( E ), ( F ), ( H ) through ( R ) of Section 104 of the Act or under any of such subsections, the rupee equivalent of $200 million.

( B )

For grant to the Government of India under subsection ( E ) of Section 104 of the Act, the rupee equivalent of not more than $538 million for financing such projects to promote balanced economic development as may from time to time be mutually agreed.

( C )

For loan to the Government of India under subsection ( G ) of Section 104 of the Act, the rupee equivalent of not more than $538 million for financing such projects to promote balanced economic development as may be mutually agreed.

The terms and conditions of the loan and other provisions will be set forth in a separate agreement by the two Governments.