PUBLIC LAW 95-612—NOV. 8, 1978
92 STAT. 3091
Public Law 95-612 95th Congress An Act To provide that the Exchange Stabilization Fund shall not be available for payment of administrative expenses; and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 10(b) of the Gold Reserve Act of 1934 (31 U.S.C. 822a(b)) is amended by— (1) striking out "with the Treasurer of the United States" in the first sentence and inserting in lieu thereof "in the United States Treasury"; (2^ striking out the second and third sentences; and (3) amending the fourth sentence to read as follows: "The fund shall be available for expenditure, under the direction of the Secretary of the Treasury and in his discretion, for any purpose in connection with carrying out the provisions of this section, including the investment and reinvestment in direct obligations of the United States of any portions of the fund which the Secretary of the Treasury, with the approval of the President, may from time to time determine are not currently required for the purposes prescribed by this section: Provided, That the fund shall not be available for the payment of administrative expenses.". SEC. 2. Section 10 of the Gold Reserve Act of 1934 is amended by adding at the end thereof the following new subsection: "(d) The Secretary of the Treasury may, under such rules and regulations as he may prescribe, provide to personnel performing the international affairs functions of the Department of the Treasury allowances and benefits comparable to those provided by title IX of the Foreign Service Act of 1946, as amended.". SEC. 3. (a)(1) Subject to the provisions of chapter 51 of title 5, United States Code, but notwithstanding the last two sentences of section 5108(a) of such title, the Secretary may place at GS-16, GS-17, and GS-18, no more than 61 positions of the positions subject to the limitation of the first sentence of section 5108(a) of such title. (2) A person may be appointed to a position placed at GS-16, GS-17, or GS-18 under the authority of paragraph (1) only if such person, immediately before the effective date of this Act, held a position or has reemployment rights to a position— (A) the duties oi which were comparable to those of the position to which he is to be appointed; and (B) for which the compensation derived from the stabilization fund established under section 10 of the Gold Reserve Act of 1934 (31 U.S.C. 822a). Appointments made under this paragraph may be made without regard to the provisions of section 3324 of title 5, United States Code, relating to the approval by the Civil Service Commission of appointments to GS-16, GS-17, and GS-18. (3) The Secretary's authority under this subsection with respect to any position shall cease when the person first appointed to such position under paragraph (2) leaves such position. (b) The first sentence of section 5108(a) of title 5, United States Code, is amended by striking out "3301" and inserting in lieu thereof oo\i2i
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Nov. 8, 1978 [S. 2093] Exchange Stabilization Fund,
31 USC 822a.
22 USC 1131. 5 USC 5108 note. 5 USC 5101 et seq.
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