Page:United States Statutes at Large Volume 106 Part 5.djvu/627

 PUBLIC LAW 102-565—OCT. 28, 1992 106 STAT. 4265 Public Law 102-565 102d Congress An Act To amend the Peace Corps Act to authorize appropriations for the Peace Corps Q. ng iqqo for fiscal year 1993 and to establish a Peace Corps foreign exchange fluctuations ' account, and for other purposes. i°- *309] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. AUTHORIZATIONS OF APPROPRIATIONS. Section 3(b) of the Peace Corps Act (22 U.S.C. 2502(b)) is amended to read as follows: "(b) AUTHORIZATIONS OF APPROPRIATIONS.—There are authorized to be appropriated to carry out the purposes of this Act $218,146,000 for fiscal year 1993, which are authorized to remain available until September 30, 1994.". SEC. 2. PEACE CORPS FOREIGN CURRENCY FLUCTUATIONS. (a) ESTABLISHMENT OF FOREIGN CURRENCY FLUCTUATIO ACCOUNT.— The Peace Corps Act (22 U.S.C. 2501 et seq.) is amend by inserting after section 15 the following new section: " SEC. 16. FOREIGN CURRENCY FLUCTUATIONS ACCOUNT. 22 USC 2515. " (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 THE 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—

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