TRANSFER AUTHORITY REGARDING FUNDS AVAILABLE FOR FOREIGN CURRENCY FLUCTUATIONS.

SEC. 911. TRANSFER AUTHORITY REGARDING FUNDS AVAILABLE FOR FOREIGN CURRENCY FLUCTUATIONS. (a) Transfers to Military Personnel Accounts Authorized.— Section 2779 of title 10, United States Code, is amended by adding at the end the following: “(c) Transfers to Military Personnel Accounts.— The Secretary of Defense may transfer funds to military personnel appropriations for a fiscal year out of funds available to the Department of Defense for that fiscal year under the appropriation ‘Foreign Currency Fluctuations, Defense’.”. (b) Revision and Codification of Authority for Transfers to Foreign Currency Fluctuations Account.— Section 2779 of such title, as amended by subsection (a), is further amended by adding at the end the following: “(d) Transfers to Foreign Currency Fluctuations Account.— (1) The Secretary of Defense may transfer to the appropriation ‘Foreign Currency Fluctuations, Defense’ unobligated amounts of funds appropriated for operation and maintenance and unobligated amounts of funds appropriated for military personnel. (2) Any transfer from an appropriation under paragraph (1) shall be made not later than the end of the second fiscal year following the fiscal year for which the appropriation is provided. (3) Any transfer made pursuant to the authority provided in this subsection shall be limited so that the amount in the appropriation ‘Foreign Currency Fluctuations, Defense’ does not exceed $970,000,000 at the time the transfer is made.”. 110 STAT. 407 (c) Conditions of Availability for Transferred Funds.— Section 2779 of such title, as amended by subsection (b), is further amended by adding at the end the following: “(e) Conditions of Availability for Transferred Funds.— Amounts transferred under subsection (c) or (d) shall be merged with and be available for the same purposes and for the same period as the appropriations to which transferred.”. (d) Repeal of Superseded Provisions.— (1) Section 767A of Public Law 96–527 (94 Stat. 3093) is repealed. (2) Section 791 of the Department of Defense Appropriation Act, 1983 (enacted in section 101(c) of Public Law 97–377; 96 Stat. 1865) is repealed. (e) Technical Amendments.— Section 2779 of title 10, United States Code, is amended— (1) in subsection (a), by striking out “(a)(1)” and inserting in lieu thereof “(a) Transfers Back to Foreign Currency Fluctuations Appropriation.—(1)”; (2) in subsection (a)(2), by striking out “2d fiscal year” and inserting in lieu thereof “second fiscal year”; and (3) in subsection (b), by striking out “(b)(1)” and inserting in lieu thereof “(b) Funding for Losses in Military Construction and Family Housing.—(1)”. (f) Effective Date.— Subsections (c) and (d) of section 2779 of title 10, United States Code, as added by subsections (a) and (b), and the repeals made by subsection (d), shall apply only with respect to amounts appropriated for a fiscal year after fiscal year 1995.