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42 U.S.C. § 3535aWorking capital fund

submitted 11 years ago by Pub. L. 114-113 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 273 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section establishes a Department of Housing and Urban Development working capital fund. It explains which centralized services the Fund pays for, how it is funded, and that it is the only funding source for those services.

A working capital fund is established in the United States Treasury for the Department of Housing and Urban Development under section 3535(f) of this title. It is called the “Fund.” Money transferred to it may pay for Federal shared services used by Department offices and agencies and for the part of printing, records management, space renovation, furniture, or supply services that the Secretary decides comes from centralized Department sources and is funded through the Fund. From amounts made available under the listed salaries-and-expenses headings, the Secretary must transfer enough money to fund those services for which the appropriation otherwise would have been available. Those amounts remain available until spent. The Secretary may also transfer up to an additional $10,000,000 in total from those appropriations; that money is merged into the Fund, remains available until spent, and may be used by any office or agency. Money in the Fund is the only money available to each Department office or agency for the listed services or portions of services. For this Fund, the authorities and conditions in this section replace those in section 3535(f) of this title.
the actual law source: uscode.house.gov ↗public domain

There is hereby established in the United States Treasury, pursuant to section 3535(f) of this title, a working capital fund for the Department of Housing and Urban Development (referred to in this paragraph as the “Fund”): Provided, That amounts transferred to the Fund under this heading shall be available for Federal shared services used by offices and agencies of the Department, and for such portion of any office or agency’s printing, records management, space renovation, furniture, or supply services as the Secretary determines shall be derived from centralized sources made available by the Department to all offices and agencies and funded through the Fund: Provided further, That of the amounts made available in this title 1 for salaries and expenses under the headings “Executive Offices”, “Administrative Support Offices”, “Program Office Salaries and Expenses”, and “Government National Mortgage Association”, the Secretary shall transfer to the Fund such amounts, to remain available until expended, as are necessary to fund services, specified in the first proviso, for which the appropriation would otherwise have been available, and may transfer not to exceed an additional $10,000,000, in aggregate, from all such appropriations, to be merged with the Fund and to remain available until expended for use for any office or agency: Provided further, That amounts in the Fund shall be the only amounts available to each office or agency of the Department for the services, or portion of services, specified in the first proviso: Provided further, That with respect to the Fund, the authorities and conditions under this heading shall supplant the authorities and conditions provided under section 3535(f) of this title.

Source credit: (Pub. L. 114–113, div. L, title II, Dec. 18, 2015, 129 Stat. 2868.)

history & why it existsrecord from the source credit
  • 2015Enacted · Pub. L. 114-113 · 129 Stat. 2868

A history note hasn’t been published yet. The record shows enactment by Pub. L. 114-113 on 2015-12-18.

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