-The pact works "to translate the bright promises" of the 1987 Central American peace plan signed by the presidents of Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua, which was premised on moves by the Sandinistas toward democracy and negotiated settlements with rebel forces.

-The plan would provide about $4.5 million a month, the current level that expires March 31, until February 1990, when free elections are scheduled.-The money may not be used for military equipment or operations.

-Nicaragua must institute the electoral and democratic reforms promised to other Central American leaders, including the elections set for Feb. 25, 1990.

-Congress will take up the proposal promptly upon return from Easter recess.

-Any of the leaders of the four appropriations committees in Congress can cut off all money for the guerrillas by Nov. 30 if they are found to be violating the arrangement.

-The administration agrees to "consult regularly and report to the Congress on the progress in meeting the goals of the peace and democratization process, including the use of assistance as outlined" in the accord.

-Portions of the aid money can be spent in "regional relocation" of the Contras in the event the war ends and Nicaragua moves to the reforms and allows the former rebels to return home without threat of being jailed.