(a) In general

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, $351,280,000 for fiscal year 1999.

(b) Miscellaneous expenses

Funds appropriated pursuant to this section are authorized to be expended -

(1)

not to exceed $3,000 per fiscal year, for official reception and representation expenses;

(2)

not to exceed $10,000 per fiscal year, for funding a permanent secretariat for the International Organization of Securities Commissions; and

(3)

not to exceed $100,000 per fiscal year, for expenses for consultations and meetings hosted by the Commission with foreign governmental and other regulatory officials, members of their delegations, appropriate representatives, and staff to exchange views concerning developments relating to securities matters, for development and implementation of cooperation agreements concerning securities matters, and provision of technical assistance for the development of foreign securities markets, such expenses to include necessary logistic and administrative expenses and the expenses of Commission staff and foreign invitees in attendance at such consultations and meetings, including -

(A)

such incidental expenses as meals taken in the course of such attendance;

(B)

any travel or transportation to or from such meetings; and

(C)

any other related lodging or subsistence