Page:United States Statutes at Large Volume 94 Part 1.djvu/690

 94 STAT. 640

PUBLIC LAW 96-294—JUNE 30, 1980 Corporation of any power, function, or authority not expressly authorized by the provisions of this part, except where such delegation is pursuant to an authority in law which expressly makes reference to this section. (2) Notwithstanding any other provision of law, the Reorganization Act of 1977 (5 U.S.C. 901 et seq.) shall not apply to authorize the transfer to the Corporation of any power, function, or authority. AUTHORIZATION OF ADMINISTRATIVE EXPENSES

42 USC 8716.

Post, p. 665.

Post, p. 669.

SEC. 120. (a)(1)(A) The Corporation is authorized to expend during any fiscal year for— (i) subject to paragraph (2), reasonable and necessary administrative expenses, not to exceed $35,000,000; and (ii) subject to paragraph (4), generic studies and specific reviews of individual proposals for financial assistance, not to exceed $10,000,000. (B) For purposes of section 122(e), and from the amount specified in subsection (a)(l)(A)(i), the Inspector General may expend not more than $2,000,000 during any fiscal year for reasonable and necessary administrative expenses. (2) For purposes of this section, administrative expenses shall include all ordinary and necessary expenses, including all compensation for personnel and consultants, expenses for computer usage, for space needs of the Corporation and similar expenses. For each fiscal year commencing after September 30, 1980, the $35,000,000 limitation in subsection (a)(l)(A)(i) and the $2,000,000 limitation in subsection (a)(1)(B) shall be increased as of October 1 each year by an amount equal to the percentage increase in the Gross National Product implicit price deflator, as published by the Department of Commerce or its successor, for the year then ended over the level so established for the year ending September 30, 1979. (3) Administrative expenses include reimbursement to Directors for reasonable expenses which are incurred in connection with their service as Directors of the Corporation. (4) Expenditures authorized under subsection (a)(l)(A)(ii) shall not be available— (A) for administrative expenses; (B) for the reimbursement of governmental agencies for the salaries of personnel of such agencies detailed to the Corporation; (C) to exceed the personnel limits established pursuant to section 117(d); or (D) for operating expenses. (b) Funds authorized for administrative expenses shall not be available for the acquisition of real property or for expenses related to Corporation construction projects pursuant to subtitle E. (c) The Corporation may make expenditures, without further appropriation, for reasonable and necessary administrative expenses not to exceed the limit provided in subsection (a) in any fiscal year and then only in accordance with a detailed statement of such expenditures which has been transmitted to the Congress, the Committee on Energy and Natural Resources of the Senate and the appropriate committees of the House of Representatives in accordance with the provisions of section 153 along with the President's proposed budget for such fiscal year: Provided, That such expenditures for fiscal years 1980 and 1981 may be made without such prior statement. It is the intention of this section that the Corporation's

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