Section 2
SEC. 2. A Special Fund is hereby constituted out of the proceeds of the lease-sale agreement for the following purposes: (1) To finance partly the initial government acquisition of helicopters from the Federal Republic of Germany in conformity with the Progressive Helicopter Assembly and Manufacturing Program and/or expenditures for activities related thereto; and (2) To finance the prepayment to the Export-Import Bank of the United States of that portion of an existing loan covering subject aircraft, which shall be made as soon thereafter as title to said aircraft passes to James Bay Energy Corporation on June 1, 1977. The Fund shall be administered and accounted for by the Development Management Staff, Office of the President, as the owner-agency of the Hercules aircraft, and expenditures therefrom shall be made subject to the approval of the Executive Secretary.