Sec. 302. General administrative provisions
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/bill/113/hr/3012/ih/section-302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In carrying out any function transferred by this Act, the Commission, or any officer or employee of the Commission, may exercise any authority available by law with respect to such function to the official or agency from which such function is transferred, and the actions of the Commission, or any officer or employee of the Commission in exercising such authority shall have the same force and effect as when exercised by such official or agency. The Commission may prescribe such rules and regulations as the Commission determines necessary or appropriate to administer and manage the functions of the Commission.
The Commission may make, enter into, and perform such contracts, grants, leases, cooperative agreements, or other similar transactions with Federal or other public agencies (including State and local governments) and private organizations and persons, and make such payments, by way of advance or reimbursement, as the Commission may determine necessary or appropriate to carry out functions of the Commission. The Commission may establish, alter, discontinue, or maintain such regional or other field offices as the Commission may find necessary or appropriate to perform functions of the Commission.
The Commission may obligate amounts in the Reserve Fund established under section 4(i) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78d(i) ), not to exceed a total of $100,000,000 in any 1 fiscal year, as the Commission determines is necessary to carry out the functions of the Commission, including those transferred by title II of this Act. Any amounts in the reserve fund shall remain available until expended. Not later than 10 days after the date on which the Commission obligates amounts under this subsection, the Commission shall notify Congress of the date, amount, and purpose of the obligation.
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Sec. 302
General administrative provisions
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