
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC78kk]

 
                      TITLE 15--COMMERCE AND TRADE
 
                    CHAPTER 2B--SECURITIES EXCHANGES
 
Sec. 78kk. Authorization of appropriations


(a) In general

    In addition to any other funds authorized to be appropriated to the 
Commission, there are authorized to be appropriated to carry out the 
functions, powers, and duties of the Commission, $351,280,000 for fiscal 
year 1999.

(b) Miscellaneous expenses

    Funds appropriated pursuant to this section are authorized to be 
expended--
        (1) not to exceed $3,000 per fiscal year, for official reception 
    and representation expenses;
        (2) not to exceed $10,000 per fiscal year, for funding a 
    permanent secretariat for the International Organization of 
    Securities Commissions; and
        (3) not to exceed $100,000 per fiscal year, for expenses for 
    consultations and meetings hosted by the Commission with foreign 
    governmental and other regulatory officials, members of their 
    delegations, appropriate representatives, and staff to exchange 
    views concerning developments relating to securities matters, for 
    development and implementation of cooperation agreements concerning 
    securities matters, and provision of technical assistance for the 
    development of foreign securities markets, such expenses to include 
    necessary logistic and administrative expenses and the expenses of 
    Commission staff and foreign invitees in attendance at such 
    consultations and meetings, including--
            (A) such incidental expenses as meals taken in the course of 
        such attendance;
            (B) any travel or transportation to or from such meetings; 
        and
            (C) any other related lodging or subsistence.

(June 6, 1934, ch. 404, title I, Sec. 35, as added Pub. L. 94-29, 
Sec. 24, June 4, 1975, 89 Stat. 162; amended Pub. L. 95-20, Apr. 13, 
1977, 91 Stat. 47; Pub. L. 95-211, Dec. 19, 1977, 91 Stat. 1492; Pub. L. 
95-425, Sec. 1, Oct. 6, 1978, 92 Stat. 962; Pub. L. 96-477, title IV, 
Sec. 401, Oct. 21, 1980, 94 Stat. 2291; Pub. L. 100-181, title I, 
Sec. 101, Dec. 4, 1987, 101 Stat. 1249; Pub. L. 100-704, Sec. 8, Nov. 
19, 1988, 102 Stat. 4683; Pub. L. 101-550, title I, Sec. 102, Nov. 15, 
1990, 104 Stat. 2713; Pub. L. 104-290, title IV, Sec. 403, Oct. 11, 
1996, 110 Stat. 3441; Pub. L. 105-353, title II, Sec. 201, Nov. 3, 1998, 
112 Stat. 3233.)


                               Amendments

    1998--Pub. L. 105-353 reenacted section catchline without change and 
amended text generally. Prior to amendment, text read as follows: 
``There are authorized to be appropriated to carry out the functions, 
powers, and duties of the Commission $300,000,000 for fiscal year 1997, 
in addition to any other funds authorized to be appropriated to the 
Commission.''
    1996--Pub. L. 104-290 reenacted section catchline without change and 
amended text generally. Prior to amendment, text read as follows: 
``There are authorized to be appropriated to carry out the functions, 
powers, and duties of the Commission--
        ``(1) $178,023,000 for the fiscal year ending September 30, 
    1990; and
        ``(2) $212,609,000 for the fiscal year ending September 30, 
    1991.''
    1990--Pub. L. 101-550 amended section generally, substituting 
present provisions for former provisions which provided for fiscal years 
1988 and 1989: in subsec. (a), for authorization of appropriations for 
the Commission; in subsec. (b), for amounts for the EDGAR system; and in 
subsec. (c), for amounts for reception and representation expenses and 
for membership in the International Organization of Securities 
Commissions.
    1988--Subsec. (c). Pub. L. 100-704 added subsec. (c).
    1987--Pub. L. 100-181 amended section generally. Prior to amendment, 
section read as follows: ``There are authorized to be appropriated to 
carry out the functions, powers, and duties of the Commission not to 
exceed $51,000,000 for the fiscal year ending June 30, 1976, $56,500,000 
for the fiscal year ending September 30, 1977, $63,750,000 for the 
fiscal year ending September 30, 1978, $69,000,000 for the fiscal year 
ending September 30, 1979, $79,000,000 for the fiscal year ending 
September 30, 1980, $85,500,000 for the fiscal year ending September 30, 
1981, $96,640,000 for the fiscal year ending September 30, 1982, and 
$106,610,000 for the fiscal year ending September 30, 1983. For fiscal 
years succeeding fiscal year 1983, there may be appropriated such sums 
as the Congress may hereafter authorize by law.''
    1980--Pub. L. 96-477 authorized appropriations of $85,500,000 for 
fiscal year ending Sept. 30, 1981, $96,640,000 for fiscal year ending 
Sept. 30, 1982, and $106,610,000 for fiscal year ending Sept. 30, 1983, 
and provided that for fiscal years succeeding 1983, there may be 
appropriated such sums as Congress may authorize by law.
    1978--Pub. L. 95-425 inserted provision authorizing appropriations 
of not to exceed $69,000,000, and $79,000,000 for fiscal years ending 
Sept. 30, 1979 and 1980, respectively, and substituted ``fiscal year 
1980'' for ``fiscal year 1978''.
    1977--Pub. L. 95-211 authorized appropriations of not to exceed 
$63,750,000 for fiscal year ending Sept. 30, 1978, and substituted ``For 
the fiscal years succeeding fiscal year 1978'' for ``For fiscal years 
succeeding the 1977 fiscal year'' in provisions relating to 
appropriations for succeeding fiscal years.
    Pub. L. 95-20 substituted ``$56,500,000'' for ``$55,000,000''.


                    Effective Date of 1988 Amendment

    Amendment by Pub. L. 100-704 not applicable to actions occurring 
before Nov. 19, 1988, see section 9 of Pub. L. 100-704 set out as a note 
under section 78o of this title.


                             Effective Date

    Section effective June 4, 1975, see section 31(a) of Pub. L. 94-29, 
set out as a note under section 78b of this title.
