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24 December 1998

TEXT: PRESIDENT AUTHORIZES $12 MILLION ASSISTANCE TO KEDO

(Says it is important to the security interests of the US) (240)
Washington -- President Clinton has determined that it is important to
the security interests of the United States to furnish up to $12
million in funds for assistance for the Korean Peninsula Development
Organization (KEDO) and has authorized the Secretary of State to take
steps to furnish this assistance.
Following is the White House text:
(begin text)
THE WHITE HOUSE
Office of the Press Secretary
December 24, 1998
Presidential Determination
No.
MEMORANDUM FOR THE SECRETARY OF STATE
SUBJECT: Use of $12 Million in Economic Support Funds for a U.S.
Contribution to the Korean Peninsula Development Organization (KEDO)
Pursuant to the authority vested in me by section 614(a)(1) of the
Foreign Assistance Act of 1961, as amended, 22 U.S.C. 2364(a)(1)(the
"Act"), I hereby determine that it is important to the security
interests of the United States to furnish up to $12 million in funds
made available under Chapter 4 of Part II of the Act for assistance
for KEDO without regard to any provision of law within the scope of
section 614(a)(1). I hereby authorize furnishing of this assistance.
You are hereby authorized and directed to transmit this determination
to the Congress and to arrange for its publication in the Federal
Register.
WILLIAM J. CLINTON
(end text)