15 U.S.C. § 1526 — Receipts for work or services; deposit in special accounts; availability for payment of costs, repayment or advances to appropriations or funds, refunds, credits to working capital funds; appropriation limitation of annual expenditures from accounts
submitted 56 years ago by Pub. L. 91-412 to r/title-15-COMMERCE-AND-TRADE · 138 words · no verdicts yet
Payments for Commerce Department work or services go into separate accounts that may pay related costs, repay or advance appropriations, or refund excess amounts. Appropriation Acts may limit annual spending from those accounts.
All payments for work or services performed or to be performed under this Act must be deposited into one or more separate accounts. The accounts may directly pay the work or service costs, repay or advance appropriations or funds that initially bear or will bear some or all of those costs, or refund excess amounts when needed. The receipts may instead be credited to a legally established working-capital fund and used under that fund’s law if the fund is available to the responsible Commerce Department agency. Appropriation Acts for Commerce may limit the amount spent each year from the account or accounts.
All payments for work or services performed or to be performed under this Act shall be deposited in a separate account or accounts which may be used to pay directly the costs of such work or services, to repay or make advances to appropriations or funds which do or will initially bear all or part of such costs, or to refund excess sums when necessary: Provided, That said receipts may be credited to a working capital fund otherwise established by law, and used under the law governing said funds, if the fund is available for use by the agency of the Department of Commerce which is responsible for performing the work or services for which payment is received. Acts appropriating funds to the Department of Commerce may include provisions limiting annual expenditure from said account or accounts.
Source credit: (Pub. L. 91–412, § 2, Sept. 25, 1970, 84 Stat. 864.)
- 1970Enacted · Pub. L. 91-412 · 84 Stat. 864
A history note hasn’t been published yet. The record shows enactment by Pub. L. 91-412 on 1970-09-25.
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