United States Code
USC most recently checked for updates: Jun 03, 2023
Contracts requiring payment in foreign currency
Whenever a contract is made for the construction, alteration, or repair of a Foreign Service building which requires payments in a foreign currency, the Secretary of State is authorized to purchase such currency at such times and in such amounts (within the total amount of the payments to be made under such contract) as he may deem necessary, the currency so purchased to be disbursed and accounted for at its cost price.
(May 14, 1940, ch. 189, title I, 54 Stat. 186.)
cite as: 22 USC 294a