Title 22 › CHAPTER 38 — DEPARTMENT OF STATE › § 2696
Allows extra money to be appropriated for the Department of State to cover legally authorized increases in salaries, pay, retirement, and other employee benefits. It also allows money to be appropriated to make up for bad changes in foreign currency exchange rates or overseas wages and prices that happen after November 30 of the earlier of two specified calendar years (either the calendar year that ended during the prior fiscal year, or the calendar year before the year the authorization was passed). The Secretary of State can create a Buying Power Maintenance account. The Secretary must move amounts that become excessive because of favorable currency or price changes into that account, and may move money out of it to cover adverse changes so program levels stay the same. Transferred funds keep the same purpose and time limits as the account they go into. Any legal limits on available State Department money are adjusted as needed to offset net currency or price effects. The Secretary may move unobligated balances into the account within five fiscal years of appropriation, but the account may not exceed $100,000,000 because of such transfers; those transfers count as reprogramming under section 2706 and apply only to funds made available after fiscal year 2008. Amounts appropriated for a fiscal year remain available until spent. Within a two-year authorization cycle, money authorized for one account can be used for another, but the “Diplomatic and Consular Programs” account may not go over its authorized amount by more than 5 percent, and no other account may go over by more than 10 percent. Twelve-month contracts that span two fiscal years may be fully obligated in the earlier fiscal year.
Full Legal Text
Foreign Relations and Intercourse, Source: USLM XML via OLRC
Legislative History
Reference
Citation
22 U.S.C. § 2696
Title 22, Foreign Relations and Intercourse
Last Updated
Sep 22, 2026
Release point: 119-110