§ 2515. Foreign Currency Fluctuations Account
874 words·~4 min read·
/usc/title-22/section-2515A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Establishment
(1)There is established in the Treasury of the United States an account to be known as the “Foreign Currency Fluctuations, Peace Corps, Account”. The account shall be used for the purpose of providing funds to pay expenses for operations of the Peace Corps outside the United States which, as a result of fluctuations in currency exchange rates, exceed the amount appropriated for such expenses.
(2)Funds in the account may be transferred, upon the certification of the Director of the Peace Corps (or the Director’s designee) that the transfer is necessary for the purpose specified in paragraph (1), to the account containing funds appropriated for the expenses of the Peace Corps.
(b)Use of funds in account Funds transferred under subsection
(a)shall be merged with, and be available for the same time period, as the appropriation to which they are applied. Notwithstanding any provision of law limiting the amount of funds the Peace Corps may obligate in any fiscal year, such amount shall be increased to the extent necessary to reflect fluctuations in exchange rates from those used in preparing the budget submission.
(c)Exchange rates applicable to obligations An obligation of the Peace Corps payable in the currency of a foreign country may be recorded as an obligation based upon exchange rates used in preparing a budget submission. A change reflecting fluctuations in exchange rates may be recorded as a disbursement is made.
(d)Transfers back to account Funds transferred from the Foreign Currency Fluctuations, Peace Corps, Account may be transferred back to that account—
(1)if the funds are not needed to pay obligations incurred because of fluctuations in currency exchange rates of foreign countries in the appropriation to which the funds were originally transferred; or
(2)because of subsequent favorable fluctuations in the rates or because other funds are, or become, available to pay such obligations.
(e)Limitation on transfers back A transfer of funds back to the account under subsection
(d)may not be made after the end of the fiscal year or other period for which the appropriation, to which the funds were originally transferred, is available for obligation.
(f)Transfers to account from regular appropriations
(1)At the end of the fiscal year or other period for which appropriations for the expenses of the Peace Corps are made available, unobligated balances of such appropriation may be transferred into the Foreign Currency Fluctuations, Peace Corps, Account, to be merged with, and to be available for the same period and purposes as, that account.
(2)The authority of this subsection shall be exercised only to the extent that specific amounts are provided in advance in an appropriation Act.
(g)Authorization of appropriations There are authorized to be appropriated to the Foreign Currency Fluctuations, Peace Corps, Account for each fiscal year such sums as may be necessary to maintain a balance of $5,000,000 in such account at the beginning of such fiscal year.
(h)Reports Each year the Director of the Peace Corps shall submit to the Committee on Foreign Affairs and the Committee on Appropriations of the House of Representatives, and to the Committee on Foreign Relations and the Committee on Appropriations of the Senate, a report on funds transferred under this section.
(Pub. L. 87–293, title I, § 16, as added Pub. L. 102–565, § 2(a), Oct. 28, 1992, 106 Stat. 4265.)
Connections41 cite this · traces to 1
Cited by 41 sections · top 37
public-private-law
- Public Law 115-141Consolidated Appropriations Act, 2018
- Public Law 117-328Consolidated Appropriations Act, 2023
- Public Law 114-113Consolidated Appropriations Act, 2016
- Public Law 116-94Further Consolidated Appropriations Act, 2020
- Public Law 113-235Consolidated and Further Continuing Appropriations Act, 2015
- Public Law 113-76Consolidated Appropriations Act, 2014
- Public Law 115-31Consolidated Appropriations Act, 2017
- Public Law 117-103Consolidated Appropriations Act, 2022
- Public Law 116-6Consolidated Appropriations Act, 2019
U.S. Code
statutes-at-large
- Public Law 89–570
- Public LawMaking appropriations for the fiscal year ending September 30, 2017, and for other purposes
- Public Law 109–102Making appropriations for foreign operations, export financing, and related programs for the fiscal year ending September 30, 2006, and for other purposes
- Public Law 115–141To amend the State Department Basic Authorities Act of 1956 to include severe forms of trafficking in persons within the definition of transnational organized crime for purposes of the rewards program of the Department of State, and for other purposes
- Public Law 114–113Making appropriations for military construction, the Department of Veterans Affairs, and related agencies for the fiscal year ending September 30, 2016, and for other purposes
- Public Law 116–6
- Public Law 117–103Making consolidated appropriations for the fiscal year ending September 30, 2022, and for providing emergency assistance for the situation in Ukraine, and for other purposes
- Public Law 111–117Making appropriations for the Departments of Transportation, and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2010, and for other purposes
- Public Law 102–565To amend the Peace Corps Act to authorize appropriations for the Peace Corps for fiscal year 1993 and to establish a Peace Corps foreign exchange fluctuations account, and for other purposes
- Public Law 116–94Making further consolidated appropriations for the fiscal year ending September 30, 2020, and for other purposes
- Public Law 117–328Making consolidated appropriations for the fiscal year ending September 30, 2023, and for providing emergency assistance for the situation in Ukraine, and for other purposes
- Public Law 111–8Making omnibus appropriations for the fiscal year ending September 30, 2009, and for other purposes
- Public Law
statute-compilations
- Sec. 416None of the funds made available by this Act may be used by the Department of Defense or the Department of Veterans Affairs to lease or purchase new light duty vehicles for any executive fleet, or for an agency’s fleet inventory, except in accordance with Presidential Memorandum—Federal Fleet Performance, dated May 24, 2011.
- Sec. 412### (a) In general
- Sec. 512### (a) In general
- Sec. 210plastic waste reduction
- Sec. 614### (a) In General
- Sec. 504### (a)
Traces to 1 document
10 references not yet in our index
- Pub. L. 87–293, title I, § 16
- Pub. L. 102–565, § 2(a)
- 106 Stat. 4265
- 75 Stat. 622
- Pub. L. 89–572, § 5(a)
- 80 Stat. 765
- Pub. L. 102–565, § 2(b)
- 106 Stat. 4266
- Pub. L. 89–572, § 5
- section 425 of Title 20
Citation graph
cites case law
§ 2515
Foreign Currency Fluctuations Account
Stat.×14
U.S.C.×12
Pub. L.×9
Stat. Comp.×6
Pub. L.Pub. L. 87–293, title I, § 16
Pub. L.Pub. L. 102–565, § 2(a)
Stat.106 Stat. 4265
Stat.75 Stat. 622
Pub. L.Pub. L. 89–572, § 5(a)
Cites 11 · showing 6Cited by 41 across 4 sources