Page:United States Statutes at Large Volume 86.djvu/606

 564

PUBLIC LAW 92-392-AUG. 19, 1972

20 USC 1071.

Ante,

p. 264.

84 Stat. 169; Ante, p. 326. 20 USC 1232. Ante, p. 280.

[86

STAT.

IV of the Higher Education Act of 1965, as in effect immediately prior to the enactment of such amendments, shall be effective during such period, except that (1) nothing in this joint resolution shall be dfeemed to affect the validity of any action taken or obligation undertaken under suoli part prior to the enactment of this joint resolution, and (2) section 438(b) of the Higher Education Act of 1965 shall continue to be in effect during such period. Section 431(b) of the General Education Provisions Act and section 495 of the Higher Education Act of 1965 shall not be applicable in the case of administrative action taken to effectuate this joint resolution. Approved August 19, 1972. Public Law 92-392

August 19, 1972 [H. R. 9092]

Federal wage board e m p l o y e e s. 80 Stat. 4 7 1; 81 Stat. 6 4 1. 5 USC 5341.

AN ACT To provide an equitable system for fixing and adjusting the rates of pay for prevailing rate employees of the Government, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) subchapter IV of chapter 53 of title 5, United States Code, is amended to read as follows: "SUBCHAPTER IV—PREVAILING RATE SYSTEMS " I t is the policy of Congress that rates of pay of prevailing rate employees be fixed and adjusted from time to time as nearly as is consistent with the public interest in accordance with prevailing rates and be based on principles that— "(1) there will be equal pay for substantially equal work for all prevailing rate employees who are working under similar conditions of employment in all agencies within the same local wage area; " (2) there will be relative differences in pay within a local wage area when there are substantial or recognizable differences in \,,^ duties, responsibilities, and qualification requirements among positions; "(3) the level of rates of pay will be maintained in line with prevailing levels for comparable work within a local wage area;, and " (4) the level of rates of pay will be maintained so as to attract and retain qualified prevailing rate employees. "§5342. Definitions; application " (a) For the purpose of this subchapter— " (1) 'agency'^means an Executive agency; but does not include— " (A) a Government controlled corporation; ,.,,. " (B) the Tennessee Valley Authority; .-• * " (C) the Alaska Railroad; " (D) the Virgin Islands Corporation;
 * § 5341. Policy

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