§2109 Foreign Currency Fluctuations Account

Summary

Creates a Treasury account called the "Foreign Currency Fluctuations, American Battle Monuments Commission, Account" to pay extra salary and expense costs that happen because foreign exchange rates change after the Commission's budget is sent to Congress. The account can only be used for those extra costs. Laws that limit how much the Commission may obligate in a year are raised as needed to reflect those exchange rate changes. Money in the account can be moved into the Commission's salary and expense funds and will be available for the same time and uses as those funds. If the money is not needed, or if exchange rates later improve, or other funds become available, the money can be moved back, but not after the end of the second fiscal year after the fiscal year in which the appropriation was available for obligation. Obligations in foreign currency may be recorded using the budget exchange rates, with changes recorded when payments are made. Unused balances from salary and expense funds may be moved into the account no later than the end of the second fiscal year following the fiscal year for which the funds were made. The Commission must report each year to the appropriate congressional committees on amounts moved under this rule. Up to $3,000,000 is authorized to be appropriated to the account.