**(a) Permissible uses of cash payments under sections 2761, 2762, 2763, and 2769** Cash payments received under sections 2761, 2762, and 2769 of this title and advances received under [section 2763 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2763&num=0&edition=prelim) shall be available solely for payments to suppliers (including the military departments) and refunds to purchasers and shall not be available for financing credits and guaranties.
**(b) Transfer of funds to miscellaneous receipts of Treasury** Amounts received from foreign governments and international organizations as repayments for credits extended pursuant to [section 2763 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2763&num=0&edition=prelim), amounts received from the disposition of instruments evidencing indebtedness under [section 2764(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2764/b&num=0&edition=prelim) (excluding such portion of the sales proceeds as may be required at the time of disposition to be obligated as a reserve for payment of claims under guaranties issued pursuant to [section 2764(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2764/b&num=0&edition=prelim), which sums are made available for such obligations), and other collections (including fees and interest) shall be transferred to the miscellaneous receipts of the Treasury.
**(c) Credit of funds to reserve under section 2764(c)** Notwithstanding the provisions of subsection (b), to the extent that any of the funds constituting the reserve under [section 2764(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2
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Stable record: federal_law:legal_authorities:record_usc_a076e0fca90b1b1e36568537 Source file: Laws/federal/codes/united-states-code/title-22/section-2777-fiscal-provisions-relating-to-foreign-military-sales-credits--63e01eae63.md Pages: Not recorded – Not recorded Passage SHA-256: f67e1bda2299ecbb76156419fc9d7cef037a558754292c30e24c8ccd4e3cc509 Retained source evidence SHA-256: 57f4476f1f50930efe273bab48c3d7e66ce0c05188d5250e96b436594f9358b0
Source location: Title 22, Chapter 39, § 2777; chapter-039-arms-export-control.md
Stored source content
**(a) Permissible uses of cash payments under sections 2761, 2762, 2763, and 2769** Cash payments received under sections 2761, 2762, and 2769 of this title and advances received under [section 2763 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2763&num=0&edition=prelim) shall be available solely for payments to suppliers (including the military departments) and refunds to purchasers and shall not be available for financing credits and guaranties.
**(b) Transfer of funds to miscellaneous receipts of Treasury** Amounts received from foreign governments and international organizations as repayments for credits extended pursuant to [section 2763 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2763&num=0&edition=prelim), amounts received from the disposition of instruments evidencing indebtedness under [section 2764(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2764/b&num=0&edition=prelim) (excluding such portion of the sales proceeds as may be required at the time of disposition to be obligated as a reserve for payment of claims under guaranties issued pursuant to [section 2764(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2764/b&num=0&edition=prelim), which sums are made available for such obligations), and other collections (including fees and interest) shall be transferred to the miscellaneous receipts of the Treasury.
**(c) Credit of funds to reserve under section 2764(c)** Notwithstanding the provisions of subsection (b), to the extent that any of the funds constituting the reserve under [section 2764(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2764/c&num=0&edition=prelim) are paid out for a claim arising out of a loan guaranteed under [section 2764 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2764&num=0&edition=prelim), amounts received from a foreign government or international organization after the date of such payment, with respect to such claim, shall be credited to such reserve, shall be merged with the funds in such reserve, and shall be available for any purpose for which funds in such reserve are available.
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Federal law — U.S. Code and appendices · legal_authorities
§ 2777. Fiscal provisions relating to foreign mili-
tary sales credits
(a) Permissible uses of cash payments under sec-
tions 2761, 2762, 2763, and 2769
Cash payments received under sections 2761,
2762, and 2769 of this title and advances received
Page 1241
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 2778
under section 2763 of this title shall be available
solely for payments to suppliers (including the
military departments) and refunds to purchasers
and shall not be available for financing credits
and guaranties.
(b) Transfer of funds to miscellaneous receipts of
Treasury
Amounts received from foreign governments
and international organizations as repayments
for credits extended pursuant to section 2763 of
this title, amounts received from the disposition
of instruments evidencing indebtedness under
section 2764(b) of this title (excluding such por-
tion of the sales proceeds as may be required at
the time of disposition to be obligated as a re-
serve for payment of claims under guaranties
issued pursuant to section 2764(b) of this title,
which sums are made available for such obliga-
tions), and other collections (including fees and
interest) shall be transferred to the miscella-
neous receipts of the Treasury.
(c) Credit of funds to reserve under section
2764(c)
Notwithstanding the provisions of subsection
(b), to the extent that any of the funds consti-
tuting the reserve under section 2764(c) of this
title are paid out for a claim arising out of a
loan guaranteed under section 2764 of this title,
amounts received from a foreign government or
international organization after the date of such
payment, with respect to such claim, shall be
credited to such reserve, shall be merged with
the funds in such reserve, and shall be available