; and (4) by striking clause (iii). (c) Elimination of duplicative authorization of appropriations (1) In general Section 710 of the Telecommunications Act of 1996 ( Public Law 104–104 ) is repealed. (2) Conforming amendment The table of contents in section 2 of such Act is amended by striking the item relating to section 710. (d) Transfer of funds On the effective date described in section 103, any amounts in the account providing appropriations to carry out the functions of the Commission that were collected in excess of the amounts provided for in appropriations Acts in any fiscal year prior to such date shall be transferred to the general fund of the Treasury of the United States for the sole purpose of deficit reduction. 102. Application and regulatory fees (a) In general Section 9 of the Communications Act of 1934 ( 47 U.S.C. 159 ) is amended to read as follows: 9. Application and regulatory fees (a) General authority The Commission shall assess and collect application fees and regulatory fees to recover the costs of carrying out the activities described in section 6(a) only to the extent and in the amounts provided for in advance in appropriations Acts. (b) Application fees (1) In general The Commission shall assess and collect application fees at such rates as the Commission shall establish in a schedule of application fees to recover the costs of the Commission to process applications. (2) Adjustment of schedule (A) In general In every even-numbered year, the Commission shall review the schedule of application fees established under this subsection and, except as provided in subparagraph (B), set a new amount for each fee in the schedule that is equal to the amount of the fee on the date when the fee was established or the date when the fee was last amended under paragraph (3), whichever is later— (i) increased or decreased by the percentage change in the Consumer Price Index during the period beginning on such date and ending on the date of the review