2 U.S.C. § 182 — Cooperative Acquisitions Program Revolving Fund

(a) Establishment Starting October 1, 1997, there is a revolving fund in the U.S. Treasury called the Cooperative Acquisitions Program Revolving Fund. The Librarian of Congress can use this money, without a fiscal-year time limit, to run the cooperative acquisitions program, under which the Library buys foreign publications and research materials for participating institutions on a cost-recovery basis. The fund can only spend amounts that the yearly appropriations law sets for this purpose. (b) Amounts deposited The fund is made up of: (1) any money Congress appropriates for the fund; (2) any money the Librarian held as of October 1, 1997 (or October 7, 1997, whichever is later) that came from collecting payment for the program's indirect costs; and (3) the difference between (A) the total value of the program's supplies, equipment, gift-fund balances, and other assets, and (B) the total value of the program's liabilities, including unfunded ones like employees' accrued annual leave. (c) Credits to revolving fund The fund is credited with all advances and payments received for purchases and for services and supplies given to program participants, charged at rates the Librarian sets to recover the program's full direct and indirect costs over a reasonable time. (d) Unobligated balances Any unused and unspent fund balance that the Librarian decides is more than the program needs must be deposited into the Treasury as miscellaneous receipts. "Amounts needed for the program" means its direct and indirect costs — including buying, shipping, and binding books and library materials; supplies, materials, equipment, and services; salaries and benefits; general overhead; and travel. (e) Audit The Comptroller General may audit the fund at the Comptroller General's discretion.