Codification
Section 1878y, [Pub. L. 88–437, § 1], Aug. 14, 1964, [78 Stat. 444], authorized extension of loan of ships, subject to appropriate terms and conditions, as follows: Argentina, two submarines, and Brazil, two destroyers (authorized by sections 1878e to 1878i of this Appendix); China, four destroyers (authorized by sections 1878 to 1878d of this Appendix); Germany, five destroyers, and Greece, four destroyers (authorized by sections 1878e to 1878i of this Appendix); Italy, three submarines, and Japan, one submarine, four destroyers, two destroyer escorts (authorized by sections 1878 to 1878i of this Appendix); Netherlands, two submarines (authorized by Act July 11, 1952, [66 Stat. 587], as amended); Peru, one destroyer, Spain, one submarine, three destroyers, and Thailand, one destroyer escort (authorized by sections 1878e to 1878i of this Appendix); and Turkey, five submarines (authorized by sections 1878e to 1878i and 1879 of this Appendix).
Section 1878z, [Pub. L. 88–437, § 2], Aug. 14, 1964, [78 Stat. 444], limited extension of loans to a five year period and to an additional five year period, terminable earlier because of defense requirements of United States.
Section 1878aa, [Pub. L. 88–437, § 3], Aug. 14, 1964, [78 Stat. 444], required Secretary of Defense to determine extension of loans to be in best interest of United States and to report extensions to Congress.
Section 1878bb, [Pub. L. 88–437, § 4], Aug. 14, 1964, [78 Stat. 444], authorized promulgation of rules and regulations.
