Memorandum on the Korean Peninsula Energy Development Organization

Presidential Determination No. 95-40

Memorandum for the Secretary of State

Subject: Use of International Organizations and Programs Account Funds for an Initial U.S. Contribution to the Korean Peninsula Energy 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 $4 million in funds made available under chapter 3 of part I of the Act for fiscal year 1995 to provide the initial U.S. contribution to the Korean Peninsula Energy Development Organization (KEDO) without regard to any provision of law within the scope of section 614(a)(1). I hereby authorize the furnishing of such 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