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U.S. Code as of:
01/19/04
Section 78kk. Authorization of appropriations
In addition to any other funds authorized to be appropriated to
the Commission, there are authorized to be appropriated to carry
out the functions, powers, and duties of the Commission,
$776,000,000 for fiscal year 2003, of which -
(1) $102,700,000 shall be available to fund additional
compensation, including salaries and benefits, as authorized in
the Investor and Capital Markets Fee Relief Act (Public Law
107-123; 115 Stat. 2390 et seq.);
(2) $108,400,000 shall be available for information technology,
security enhancements, and recovery and mitigation activities in
light of the terrorist attacks of September 11, 2001; and
(3) $98,000,000 shall be available to add not fewer than an
additional 200 qualified professionals to provide enhanced
oversight of auditors and audit services required by the Federal
securities laws, and to improve Commission investigative and
disciplinary efforts with respect to such auditors and services,
as well as for additional professional support staff necessary to
strengthen the programs of the Commission involving Full
Disclosure and Prevention and Suppression of Fraud, risk
management, industry technology review, compliance, inspections,
examinations, market regulation, and investment management.
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