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42 U.S.C. § 290National Institutes of Health Management Fund; establishment; advancements; availability; final adjustments of advances

submitted 69 years ago by Pub. L. 85-67 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 200 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law creates a special fund to pay for National Institutes of Health costs shared across several budgets. The NIH Director decides how much each budget contributes. The fund can even cover selling meals to employees at cost. Money must be used in the same year it's added.

This section creates the National Institutes of Health Management Fund. Its purpose is to make it easier and cheaper to run NIH operations that are paid for by two or more separate appropriations, when it is hard to say exactly which appropriation should pay which cost. The Director of the National Institutes of Health decides how to fairly split the estimated costs among the different appropriations involved. Each year, that estimated share can be advanced into the fund. The Director then makes rules for how the fund's money can be spent to cover those costs. This includes running facilities that sell meals to employees and others. Meal prices must be set high enough to cover the reasonable value of the meals served, and the money from those sales goes back into the fund. Two limits apply. First, money advanced into the fund in a given year can only be used in that same fiscal year — it cannot roll over. Second, whenever it is practical, the fund's advances must be adjusted afterward to match the actual costs, and that adjustment is made against the appropriations the money originally came from.
the actual law source: uscode.house.gov ↗public domain

For the purpose of facilitating the economical and efficient conduct of operations in the National Institutes of Health which are financed by two or more appropriations where the costs of operation are not readily susceptible of distribution as charges to such appropriations, there is established the National Institutes of Health Management Fund. Such amounts as the Director of the National Institutes of Health may determine to represent a reasonable distribution of estimated costs among the various appropriations involved may be advanced each year to this fund and shall be available for expenditure for such costs under such regulations as may be prescribed by said Director, including the operation of facilities for the sale of meals to employees and others at rates to be determined by said Director to be sufficient to cover the reasonable value of the meals served and the proceeds thereof shall be deposited to the credit of this fund: Provided, That funds advanced to this fund shall be available only in the fiscal year in which they are advanced: Provided further, That final adjustments of advances in accordance with actual costs shall be effected wherever practicable with the appropriations from which such funds are advanced.

Source credit: (Pub. L. 85–67, title II, § 201, June 29, 1957, 71 Stat. 220; Pub. L. 87–290, title II, § 201, Sept. 22, 1961, 75 Stat. 603.)

history & why it existsrecord from the source credit
  • 1957Enacted · Pub. L. 85-67 · 71 Stat. 220
  • 1961Amended · Pub. L. 87-290 · 75 Stat. 603

A history note hasn’t been published yet. The record shows enactment by Pub. L. 85-67 on 1957-06-29.

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