Word: year-to-year
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...post as lay president of the Southern Baptist Convention that he could find little time to do his homework on the new foreign-aid program. On the committee's first go-round, he instinctively voted against a sharp departure from Congress' customary practice of year-to-year authorizations for foreign aid. But Hays felt uneasy about his vote. On his weekend, he read up on the advantages of a long-range fund: e.g., a three-year authorization, in place of the usual one-year program, would be more efficient, less expensive and would encourage...
...bill that sets up a long-term economic Development Loan Fund for providing loans to underdeveloped countries. Last month the Senate voted resounding endorsement (57-25) for the plan. Last week the House Foreign Affairs Committee turned thumbs down on the Administration request, insisted on sticking with the year-to-year tradition, and recommended a $400 million slash below the $3.6 billion the Senate had authorized to get the fund going. Congressional leaders expect the full House to go along with the committee...
...influential Foreign Relations Committee chalked up a far-reaching first. For the first time in the ten years of foreign aid, it approved-in principle-the President's program for an economic development fund of indefinite duration (TIME, June 3) instead of hewing to the traditional year-to-year limitation...
...money that alumni contribute to their class agents goes to the year-to-year support of the College. It does not form part of the capital endowment, nor is it used for any branch of the University other than the College...
Almost every action the group has taken has been designed to increase legislative control over U.S. foreign aid. The Congress must realize that projects such as dams and roads need a steady flow of funds rather than an unsure, year-to-year allotment. Although the House committee's apparent distrust of the Administration's foreign savoir faire may be well-founded, it is nonetheless harmful to the conduct of international relations and to U.S. prestige...