Sec. 7069.
255 words·~1 min read·
/bill/118/s/2438/rs/section-7069A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is hereby established in the Treasury of the United States a USAID Buying Power Maintenance Account (the Account ): That up to $50,000,000 of expired or unexpired discretionary unobligated balances appropriated for this and for any succeeding fiscal year under the heading Provided, Operating Expenses may be transferred to, and merged with, the Account not later than the end of the fifth fiscal year after the last fiscal year for which such funds are available for the purposes for which appropriated:
That amounts deposited in the Account shall be available until expended for the purposes of offsetting adverse fluctuations in foreign currency exchange rates or overseas wage and price changes to maintain overseas operations, in addition to such other funds as may be available for such purposes: Provided further, That amounts from the Account may be transferred to, and merged with, funds appropriated under titles II and III of this Act or subsequent Acts making appropriations for the Department of State, foreign operations, and related programs for such purposes:
Provided further, That any specific designation or restriction contained in this Act or any other provision of law limiting the amounts available that may be obligated or expended shall be deemed to be adjusted to the extent necessary to offset the net effect of fluctuations in foreign currency exchange rates or overseas wage and price changes in order to maintain approved levels: Provided further, That transfers pursuant to this section shall be subject to the regular notification procedures of the Committees on Appropriations.
Provided further,