Mutual Development and Cooperation Act

[AI summary unavailable — showing source text] Mutual Development and Cooperation Act - Transfers the office and functions of the Agency for International Development to the Mutual Development and Cooperation Agency, which shall have the responsibility for coordinating all United States development-related activities. Authorizes $300,000,000 annually for fiscal years 1974-75 to be appropriated to the President to furnish assistance to people living in rural overseas areas for agriculture, rural development, and nutrition. Authorizes appropriations of $150,000,000 annually for fiscal years 1974-75 for population planning and health; $115,000,000 annually for education, public administration, and human resource development; $93,000,000 annually to help solve social and economic development problems in fields such as transportation and power, industry, urban development and export development; and $60,000,000 annually to support the general economy of recipient countries or for development programs conducted by private or international organizations. Authorizes appropriations of $20,000,000 annually for fiscal years 1974 and 1975 for technical cooperation and development grants under the Foreign Assistance Act. Authorizes appropri…