Page:United States Statutes at Large Volume 115 Part 3.djvu/321

 PUBLIC LAW 107-123^JAN. 16, 2002 115 STAT. 2395 "(A) TARGET OFFSETTING COLLECTION AMOUNT. —The target offsetting collection amount for each of the fiscal years 2002 through 2011 is determined according to the following table: Target offsetting "Fiscal year: collection amou nt 2002 $377,000,000 2003 $435,000,000 2004 $467,000,000 2005 $570,000,000 2006 $689,000,000 2007 $214,000,000 2008 $234,000,000 2009 $284,000,000 2010 $334,000,000 2011 $394,000,000 "(B) BASELINE ESTIMATE OF THE AGGREGATE MAXIMUM OFFERING PRICES. —The baseline estimate of the aggregate maximum offering prices for any fiscal year is the baseline estimate of the aggregate maximum offering price at which securities are proposed to be offered pursuant to registration statements filed with the Commission during such fiscal year as determined by the Commission, after consultation with the Congressional Budget Office and the Office of Management and Budget, using the methodology required for projections pursuant to section 257 of the Balanced Budget and Emergency Deficit Control Act of 1985.". SEC. 5. FEES FOR STOCK REPURCHASE STATEMENTS. Section 13(e) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(e)) is amended— (1) in paragraph (3), by striking "a fee of Vso of 1 per centum of the value of securities proposed to be purchased" and inserting "a fee at a rate that, subject to paragraphs (5) and (6), is equal to $92 per $1,000,000 of the value of securities proposed to be purchased"; (2) by inserting after paragraph (3) the following new paragraphs: "(4) OFFSETTING COLLECTIONS.—Fees collected pursuant to this subsection for any fiscal year shall be deposited and credited as offsetting collections to the account providing appropriations to the Commission, and, except as provided in paragraph (9), shall not be collected for any fiscal year except to the extent provided in advance in appropriation Acts. No fees collected pursuant to this subsection for fiscal year 2002 or any succeeding fiscal year shall be deposited and credited as general revenue of the Treasury. "(5) ANNUAL ADJUSTMENT.—For each of the fiscal years 2003 through 2011, the Commission shall by order adjust the rate required by paragraph (3) for such fiscal year to a rate that is equal to the rate (expressed in dollars per million) that is applicable under section 6(b) of the Securities Act of 1933 for such fiscal year. "(6) FINAL RATE ADJUSTMENT.— For fiscal year 2012 and all of the succeeding fiscal years, the Commission shall by order adjust the rate required by paragraph (3) for all of such fiscal years to a rate that is equal to the rate (expressed 89-194O-03 -11QL3Part3

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