appropriations

appropriations Sec. 704. (a) The Assistant Secretary shall, in accordance with the provisions of this title, carry out a program designed to achieve the purpose set forth in section 702(b), There are authorized to be appropriated for the purpose of carrying out this title, $1,000,000,000 for the fiscal year ending June 30, 1973, and $1,000,000,000 for the fiscal year ending June 30, 1974, Funds so appropriated shall remain available for obligation and expenditure during the fiscal year succeeding the fiscal year for which they are appropriated. (b) (1) From the sums appropriated pursuant to subsection (a) for any fiscal year, the Assistant. Secretary shall reserve an amount equal to 5 per centum thereof for the purposes of section 709. (2) From the sums appropriated pursuant to subsection (a) for any fiscal year, the Assistant Secretary shall reserve an amount equal to 13 per centum thereof for the purposes of sections 708 (a) and (c), 711, and 713, of which— (A) not less than an amount equal to 4 per centum of such sums shall be for the purposes of section 708 (c); and (B) not less than an amount equal to 3 per centum of such sums shall be for the purposes of section 711.