authorization of appropriations

authorization of appropriations Sec. 301. Section 8 of the Board of International Broadcasting Act of 1973 is amended to read as follows: “authorization of appropriations “Sec. 8. (a) There are authorized to be appropriated to carry out the purposes of this Act for fiscal year 1977— “(1) $58,385,000, of which $5,000,000 shall be available only to the extent that the Director of the Office of Management and Budget determines (and so certifies to the Congress) is necessary, because of downward fluctuations in foreign currency exchange rates in order to maintain the budgeted level of operation for Radio Free Europe and Radio Liberty; and “(2) such additional amounts as may be necessary for increases in salary, pay, retirement, and other employee benefits authorized by law, and for other nondiscretionary costs. Amounts appropriated under this section are authorized to remain available until expended. “(b) The Director of the Office of Management and Budget shall place in reserve and inform the Congress of any amount appropriated under this section which, because of upward fluctuations in foreign currency exchange rates, is in excess of the amount necessary to maintain the budgeted level of operation for Radio Free Europe and Radio Liberty”.