43 U.S.C. § 1736 — Working capital fund
submitted 50 years ago by Pub. L. 94-579 to r/title-43-PUBLIC-LANDS · 304 words · no verdicts yet
This section creates a working capital fund for managing public lands. It describes what the fund may pay for, how its initial capital is formed, how payments are credited to it, and the maximum amount authorized for its initial capital.
(a) Establishment; availability of fund A working capital fund is established to manage the public lands. The fund is available without a fiscal-year limit for expenses needed to provide supplies and equipment services that support Bureau programs. This must be done under chapters 1 through 11 of title 40, division C of subtitle I of title 41 (except sections 3302, 3307(e), 3501(b), 3509, 3906, 4710, and 4711), and regulations issued under those provisions. The fund may pay for, among other things, buying or building storage facilities, equipment yards, and related improvements. It may also pay for buying, leasing, or renting motor vehicles, aircraft, heavy equipment, and fire-control and other resource-management equipment. These payments must stay within the limits in appropriations made to the Secretary for the Bureau. (b) Initial funding; subsequent transfers The fund’s initial capital consists of appropriations made for that purpose, plus the fair and reasonable value, when the fund begins, of the inventories, equipment, receivables, and other assets transferred to the fund, minus the liabilities transferred with them. The Secretary may later transfer amounts to the fund when the Secretary considers those transfers appropriate for the functions carried out through the fund. (c) Payments credited to fund; amount; advancement or reimbursement The fund must receive payments from appropriations and from funds of the Bureau, other agencies of the Department of the Interior, other Federal agencies, and other sources, when the law authorizes those payments. The rates for those payments must be approximately equal to the cost of providing the facilities, supplies, equipment, and services. That cost includes depreciation and accrued annual leave. The payments may be made in advance for firm orders or may be made as reimbursement. (d) Authorization of appropriations Up to $3,000,000 may be appropriated as the initial capital of the working capital fund. This section uses the terms “Bureau,” “Secretary,” “public lands,” “appropriations,” “inventories,” “receivables,” “firm orders,” and “reimbursement,” but does not define them.
There is hereby established a working capital fund for the management of the public lands. This fund shall be available without fiscal year limitation for expenses necessary for furnishing, in accordance with chapters 1 to 11 of title 40 and division C (except sections 3302, 3307(e), 3501(b), 3509, 3906, 4710, and 4711) of subtitle I of title 41, and regulations promulgated thereunder, supplies and equipment services in support of Bureau programs, including but not limited to, the purchase or construction of storage facilities, equipment yards, and related improvements and the purchase, lease, or rent of motor vehicles, aircraft, heavy equipment, and fire control and other resource management equipment within the limitations set forth in appropriations made to the Secretary for the Bureau.
The initial capital of the fund shall consist of appropriations made for that purpose together with the fair and reasonable value at the fund’s inception of the inventories, equipment, receivables, and other assets, less the liabilities, transferred to the fund. The Secretary is authorized to make such subsequent transfers to the fund as he deems appropriate in connection with the functions to be carried on through the fund.
The fund shall be credited with payments from appropriations, and funds of the Bureau, other agencies of the Department of the Interior, other Federal agencies, and other sources, as authorized by law, at rates approximately equal to the cost of furnishing the facilities, supplies, equipment, and services (including depreciation and accrued annual leave). Such payments may be made in advance in connection with firm orders, or by way of reimbursement.
There is hereby authorized to be appropriated a sum not to exceed $3,000,000 as initial capital of the working capital fund.
Source credit: (Pub. L. 94–579, title III, § 306, Oct. 21, 1976, 90 Stat. 2766.)
- 1976Enacted · Pub. L. 94-579 · 90 Stat. 2766
A history note hasn’t been published yet. The record shows enactment by Pub. L. 94-579 on 1976-10-21.
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