22 U.S.C. § 2515 — Foreign Currency Fluctuations Account

Page 1017 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 2515 1329–145; Pub. L. 106–30, § 2(a), (b)(5)–(8), May 21, 1999, 113 Stat. 55, 56.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in text, was in the original ‘‘this Act’’, meaning Pub. L. 87–293, Sept. 22, 1961, 75 Stat. 612, known as the Peace Corps Act. For complete classification of this Act to the Code, see Short Title note set out under section 2501 of this title and Tables. The Foreign Service Act of 1980, referred to in subsec. (d)(11), is Pub. L. 96–465, Oct. 17, 1980, 94 Stat. 2071, which is classified principally to chapter 52 (§ 3901 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under sec- tion 3901 of this title and Tables. AMENDMENTS 1999—Subsec. (c). Pub. L. 106–30, § 2(b)(5), substituted ‘‘subchapter VI of chapter 33 of title 5’’ for ‘‘sections 1881 to 1888 of title 7’’. Subsec. (d)(2). Pub. L. 106–30, § 2(b)(6), substituted ‘‘section 1346 of title 31’’ for ‘‘section 9 of Public Law 60–328 (31 U.S.C. 673)’’. Subsec. (d)(6). Pub. L. 106–30, § 2(b)(7), struck out ‘‘without regard to section 3561 of the Revised Statutes (31 U.S.C. 543)’’ after ‘‘exchange of funds’’. Subsec. (d)(11). Pub. L. 106–30, § 2(b)(8), substituted ‘‘Foreign Service Act of 1980 (22 U.S.C. 3901 et seq.)’’ for ‘‘Foreign Service Act of 1946, as amended (22 U.S.C. 801 et seq.)’’. Subsec. (d)(13). Pub. L. 106–30, § 2(a), added par. (13). 1987—Subsec. (d)(4). Pub. L. 100–202 substituted ‘‘the applicable cost limitation described in section 2396(a)(5) of this title’’ for ‘‘$2,500’’ and inserted proviso that sec- tion 1343 of title 31 not apply to the purchase of vehi- cles for the transportation, maintenance, or direct sup- port of volunteers overseas. 1980—Subsec. (a). Pub. L. 96–465 substituted ‘‘mem- bers of the Foreign Service’’ for ‘‘Foreign Service per- sonnel’’. Subsec. (d)(7). Pub. L. 96–533 increased to $20,000 from $5,000 fiscal year expenditures limitation. 1966—Subsec. (c). Pub. L. 89–572, § 3(a), substituted ‘‘2506(a)(2)’’ for ‘‘2506(c)(2)’’. Subsec. (d)(4). Pub. L. 89–572, § 3(b), substituted ‘‘2506(c)’’ for ‘‘2506(e)’’. 1965—Subsec. (c). Pub. L. 89–134 struck out provision that training not be considered employment or holding of office under section 2 of the Act of July 31, 1894, as amended (5 U.S.C. 62). Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1980 AMENDMENT Amendment by Pub. L. 96–465 effective Feb. 15, 1981, except as otherwise provided, see section 2403 of Pub. L. 96–465, set out as an Effective Date note under section 3901 of this title. § 2514a. Authorization for Peace Corps to provide separation pay for host country resident per- sonal services contractors of the Peace Corps (a) Establishment of fund There is established in the Treasury of the United States a fund for the Peace Corps to pro- vide separation pay for host country resident personal services contractors of the Peace Corps. (b) Funding The Director of the Peace Corps may deposit in the fund established under subsection (a)— (1) amounts previously obligated and not canceled to provide the separation pay de- scribed in such subsection; and (2) amounts obligated for fiscal years after fiscal year 2006 for current and future costs of providing such separation pay. (c) Availability Beginning in fiscal year 2007, amounts depos- ited in the fund established under subsection (a) shall be available without fiscal year limitation for severance, retirement, or other separation payments to host country resident personal services contractors of the Peace Corps in coun- tries where such payments are legally author- ized. (Pub. L. 110–86, § 1, Sept. 27, 2007, 121 Stat. 979.) Editorial Notes CODIFICATION Section was not enacted as part of the Peace Corps Act which comprises this chapter. § 2515. Foreign Currency Fluctuations Account (a) Establishment (1) There is established in the Treasury of the United States an account to be known as the ‘‘Foreign Currency Fluctuations, Peace Corps, Account’’. The account shall be used for the pur- pose of providing funds to pay expenses for oper- ations of the Peace Corps outside the United States which, as a result of fluctuations in cur- rency exchange rates, exceed the amount appro- priated for such expenses. (2) Funds in the account may be transferred, upon the certification of the Director of the Peace Corps (or the Director’s designee) that the transfer is necessary for the purpose specified in paragraph (1), to the account containing funds appropriated for the expenses of the Peace Corps. (b) Use of funds in account Funds transferred under subsection (a) shall be merged with, and be available for the same time period, as the appropriation to which they are applied. Notwithstanding any provision of law limiting the amount of funds the Peace Corps may obligate in any fiscal year, such amount shall be increased to the extent nec- essary to reflect fluctuations in exchange rates from those used in preparing the budget submis- sion. (c) Exchange rates applicable to obligations An obligation of the Peace Corps payable in the currency of a foreign country may be re- corded as an obligation based upon exchange rates used in preparing a budget submission. A change reflecting fluctuations in exchange rates may be recorded as a disbursement is made. (d) Transfers back to account Funds transferred from the Foreign Currency Fluctuations, Peace Corps, Account may be transferred back to that account— (1) if the funds are not needed to pay obliga- tions incurred because of fluctuations in cur- rency exchange rates of foreign countries in the appropriation to which the funds were originally transferred; or (2) because of subsequent favorable fluctua- tions in the rates or because other funds are, or become, available to pay such obligations. Page 1018 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 2516 (e) Limitation on transfers back A transfer of funds back to the account under subsection (d) may not be made after the end of the fiscal year or other period for which the ap- propriation, to which the funds were originally transferred, is available for obligation. (f) Transfers to account from regular appropria- tions (1) At the end of the fiscal year or other period for which appropriations for the expenses of the Peace Corps are made available, unobligated balances of such appropriation may be trans- ferred into the Foreign Currency Fluctuations, Peace Corps, Account, to be merged with, and to be available for the same period and purposes as, that account. (2) The authority of this subsection shall be exercised only to the extent that specific amounts are provided in advance in an appro- priation Act. (g) Authorization of appropriations There are authorized to be appropriated to the Foreign Currency Fluctuations, Peace Corps, Account for each fiscal year such sums as may be necessary to maintain a balance of $5,000,000 in such account at the beginning of such fiscal year. (h) Reports Each year the Director of the Peace Corps shall submit to the Committee on Foreign Af- fairs and the Committee on Appropriations of the House of Representatives, and to the Com- mittee on Foreign Relations and the Committee on Appropriations of the Senate, a report on funds transferred under this section. (Pub. L. 87–293, title I, § 16, as added Pub. L. 102–565, § 2(a), Oct. 28, 1992, 106 Stat. 4265.) Editorial Notes PRIOR PROVISIONS A prior section 2515, Pub. L. 87–293, title I, § 16, Sept. 22, 1961, 75 Stat. 622, related to appointment of persons serving under prior law, prior to repeal by Pub. L. 89–572, § 5(a), Sept. 13, 1966, 80 Stat. 765. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Pub. L. 102–565, § 2(b), Oct. 28, 1992, 106 Stat. 4266, pro- vided that: ‘‘The amendment made by subsection (a) [enacting this section] applies with respect to each fis- cal year after fiscal year 1992.’’ REPEALS; AMENDMENTS AND APPLICATION OF AMEND- MENTS UNAFFECTED; CONTINUATION OF DETERMINA- TIONS, AUTHORIZATION, REGULATIONS, ORDERS, CON- TRACTS, AGREEMENTS, AND OTHER ACTIONS Pub. L. 89–572, § 5, Sept. 13, 1966, 80 Stat. 765, provided that: ‘‘(a) Section 16 of the Peace Corps Act, as amended [former section 2515 of this title], which relates to ap- pointment of persons serving under prior law, section 20 of the Peace Corps Act, as amended, which relates to moratorium on student loans [amending section 425 of Title 20, Education], section 21 of the Peace Corps Act, as amended, which amends the Civil Service Retire- ment Act [section 8301 et seq. of Title 5, Government Organization and Employees], and title II of the Act, which relates to Internal Revenue Code and Social Se- curity Act amendments [amending sections 912, 1303, 3121, 3122, 3401 and 6051 of Title 26, Internal Revenue Code, and sections 405, 409 and 410 of Title 42, The Pub- lic Health and Welfare, and notes under sections 912 and 3121 of Title 26] are hereby repealed. ‘‘(b) Such repeal shall not be deemed to affect amend- ments contained in such provisions and the application of the amendments contained in the title. All deter- minations, authorizations, regulations, orders, con- tracts, agreements, and other actions issued, under- taken, or entered into under authority of the provi- sions of law repealed by subsection (a) shall continue in full force and effect until modified by appropriate au- thority.’’ § 2516. Use of foreign currencies Whenever possible, expenditures incurred in carrying out functions under this chapter shall be paid for in such currency of the country or area where the expense is incurred as may be available to the United States. (Pub. L. 87–293, title I, § 17, Sept. 22, 1961, 75 Stat. 623.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in text, was in the original ‘‘this Act’’, meaning Pub. L. 87–293, Sept. 22, 1961, 75 Stat. 612, known as the Peace Corps Act. For complete classification of this Act to the Code, see Short Title note set out under section 2501 of this title and Tables. § 2517. Activities promoting Americans’ under- standing of other peoples In order to further the goal of the Peace Corps, as set forth in section 2501 of this title, relating to the promotion of a better understanding of other peoples on the part of the American peo- ple, the Director, utilizing the authorities under section 2509(a)(1) of this title and other provi- sions of law, shall, as appropriate, encourage, fa- cilitate, and assist activities carried out by former volunteers in furtherance of such goal and the efforts of agencies, organizations, and other individuals to support or assist in former volunteers’ carrying out such activities. (Pub. L. 87–293, title I, § 18, as added Pub. L. 100–202, § 101(e) [title II, § 201], Dec. 22, 1987, 101 Stat. 1329–131, 1329–145.) Editorial Notes PRIOR PROVISIONS A prior section 2517, Pub. L. 87–293, title I, § 18, Sept. 22, 1961, 75 Stat. 623, provided that Mutual Defense As- sistance Control Act of 1951 (22 U.S.C. 1611 et seq.) ap- plied, subject to an exception, to functions carried out under this chapter, prior to repeal by Pub. L. 97–113, title VI, § 605(b), Dec. 29, 1981, 95 Stat. 1543. The 1951 Act was superseded by the Export Administration Act of 1979 (50 U.S.C. 4601 et seq.). Statutory Notes and Related Subsidiaries PAUL D. COVERDELL WORLD WISE SCHOOLS PROGRAM Pub. L. 106–570, title VI, Dec. 27, 2000, 114 Stat. 3051, as amended by Pub. L. 107–21, § 2, July 26, 2001, 115 Stat. 194, provided that: ‘‘SEC. 601. SHORT TITLE. ‘‘This title may be cited as the ‘Paul D. Coverdell World Wise Schools Act of 2000’. ‘‘SEC. 602. FINDINGS. ‘‘Congress makes the following findings: