15 U.S.C. § 1521 — Working capital fund; establishment; amount; uses; reimbursement
submitted 82 years ago by ch. 294 to r/title-15-COMMERCE-AND-TRADE · 183 words · no verdicts yet
The section creates a $100,000 working-capital fund without fiscal-year limits for central services and other services approved for central operation. Bureaus, offices, and agencies reimburse the fund at rates covering specified costs, and the annual Budget must show its activity and financial position.
There is established a working capital fund of $100,000, without fiscal year limitation, for the payment of salaries and other expenses necessary to the maintenance and operation of (1) central duplicating, photographic, drafting, and photostating services and (2) such other services as the Secretary, with the approval of the Director of the Office of Management and Budget, determines may be performed more advantageously as central services; said fund to be reimbursed from applicable funds of bureaus, offices, and agencies for which services are performed on the basis of rates which shall include estimated or actual charges for personal services, materials, equipment (including maintenance, repairs, and depreciation) and other expenses: Provided, That such central services shall, to the fullest extent practicable, be used to make unnecessary the maintenance of separate like services in the bureaus, offices, and agencies of the Department: Provided further, That a separate schedule of expenditures and reimbursements, and a statement of the current assets and liabilities of the working capital fund as of the close of the last completed fiscal year, shall be included in the annual Budget.
Source credit: (June 28, 1944, ch. 294, title III, § 301, 58 Stat. 415; 1970 Reorg. Plan No. 2, § 102, eff. July 1, 1970, 35 F.R. 7959, 84 Stat. 2085.)
- 1944Enacted · Act of June 28, 1944, ch. 294 · 58 Stat. 415
A history note hasn’t been published yet. The record shows enactment by ch. 294 on 1944-06-28.
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