Page:United States Statutes at Large Volume 108 Part 1.djvu/448

 108 STAT. 422 PUBLIC LAW 103-236—APR. 30, 1994 22 USC 1474 SEC. 223. EMPLOYMENT AUTHORITY. For fiscal years 1994 and 1995, the Director of the United States Information Agency may, in carrying out the provisions of the United States Information and Educational Exchange Act of 1948, employ individuals or organizations by contract for services to be performed in the United States or abroad, who shall not, by virtue of such employment, be considered to be employees of the United States Government for the purposes of any law administered by the Office of Personnel Management, except that the Director may determine the applicability to such individuals of section 804(5) of that Act. SEC. 224. BUYING POWER MAINTENANCE ACCOUNT. Section 704(c) of the United States Information and Educational Exchange Act of 1948 (22 U.S.C. 1477b(c)) is amended— (1) by redesignating clauses (1) and (2) as clauses (A) and (B), respectively; (2) by inserting "(1)" after "(c)"; and (3) by adding at the end the following new paragraphs: "(2) In carrying out this subsection, there may be established a Buying Power Maintenance account. "(3) In order to eliminate substantial gains to the approved levels of overseas operations for the United States Information Agency, the Director shall transfer to the Buying Power Maintenance account such amounts appropriated for 'Salaries and Expenses' as the Director determines are excessive to the needs of the approved level of operations under that appropriation account because of fluctuations in foreign currency exchange rates or changes in overseas wages and prices. "(4) In order to offset adverse fluctuations in foreign currency exchange rates or foreign wages and prices, the Director may transfer from the Buying Power Maintenance account to the 'Salaries and Expenses' appropriations account such amounts as the Director determines are necessary to maintain the approved level of operations under that appropriation account. "(5) Funds transferred by the Director from the Buying Power Maintenance account to another account shall be merged with and be available for the same purpose, and for the same time period, as the funds in that other account. Funds transferred by the Director from another account to the Buying Power Maintenance account shall be merged with the funds in the Buying Power Maintenance account and shall be available for the purposes of that account until expended. "(6) Any restriction contained in an appropriation Act or other provision of law limiting the amounts that may be obligated or expended by the United States Information Agency 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. "(7)(A) Subject to the limitations contained in this paragraph, not later than the end of the 5th flscal year after the flscal year for which funds are appropriated or otherwise made available for the 'Salaries and Expenses' account, the Director may transfer any unobligated balance of such funds to the Buying Power Maintenance account.

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