Page:United States Statutes at Large Volume 95.djvu/753

 PUBLIC LAW 97-35—AUG. 13, 1981

95 STAT. 727

States. They shall, while attending meetings of the Board or while engaged in duties related to such meetings or other activities of the Board pursuant to this subpart, be entitled to receive compensation at the rate of $150 per day, including traveltime. No Board member shall receive compensation of more than $10,000 in any fiscal year. While away from their homes or regular places of business. Board members shall be allowed travel and actual, reasonable, and necessary expenses.". (c) Section 396(e)(l) of the Communications Act of 1934 (47 U.S.C. 396(e)(l)) is amended— (1) by striking out "the Chairman and any" and inserting in lieu thereof "a"; and (2) by inserting "for services rendered" after "Corporation" the sixth time it appears therein. REPORT TO CONGRESS

SEC. 1226. Section 396(i)(l) of the Communications Act of 1934 (47 U.S.C. 396(i)(l)) is amended by striking out "February" and inserting in lieu thereof "May". FINANCING; COMMUNITY ADVISORY BOARDS

SEC. 1227. (a) Section 396(k)(l)(C) of the Communications Act of 1934 (47 U.S.C. 396(k)(l)(C)) is amended— (1) by striking out "and" each place it appears therein; (2) by inserting "1984, 1985, and 1986," after "1983,"; and (3) by inserting before the period at the end thereof the following: ", and $130,000,000 for each of the fiscal years 1984, 1985, and 1986". (b) Section 396(k)(2)(B) of the Communications Act of 1934 (47 U.S.C. 396(k)(2)(B)) is amended— (1) by striking out "quarterly" and inserting in lieu thereof "fiscal year"; and (2) by striking out ", in such amounts" and all that follows through "quarter". (c)(1) Section 396(k)(3)(A) of the Communications Act of 1934 (47 U.S.C. 396(k)(3)(A)) is amended to read as follows: "(3)(A)(i) The Corporation shall establish an annual budget for use in allocating amounts from the Fund. Of the amounts appropriated into the Fund available for allocation for any fiscal year— "(I) not more than 5 percent of such amounts shall be available for the administrative expenses of the Corporation; "(II) not less than 5 percent of such amounts shall be available for other expenses incurred by the Corporation, including research, training, technical assistance, engineering, instructional support, payment of interest on indebtedness, capital costs relating to telecommunications satellites, the payment of programming royalties and other fees, and the costs of interconnection facilities and operations (as provided in clause (ivXD), except that the total amount available for obligation for any fiscal year under this subclause and subclause (I) shall not exceed 10 percent of the amounts appropriated into the Fund available for allocation for such fiscal year; "(III) 75 percent of the remainder (after allocations are made under subclause (I) and subclause (II)) shall be allocated in accordance with clause (iiXD; and

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