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43 U.S.C. § 50aWorking capital fund for United States Geological Survey

submitted 36 years ago by Pub. L. 101-512 to r/title-43-PUBLIC-LANDS · 398 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets up a working capital fund in the Treasury for the U.S. Geological Survey. The fund pays for equipment, supplies, and services the Survey needs. Money not needed for these purposes goes back to the Treasury.

This section creates a working capital fund in the U.S. Treasury to help manage support activities for the United States Geological Survey (the "Survey"), part of the Department of the Interior. Starting November 5, 1990, the fund can be used, with no time limit, to pay for materials, supplies, equipment, work, facilities, and services that support Survey programs, and — where the law allows — to help other federal agencies and outside parties too. That includes things like: modernizing labs and replacing equipment; running computers and telecommunications; designing and analyzing new systems; buying or building software; training and other support services; buying or replacing computers, publications, scientific instruments, and related equipment; and any other activity the Secretary of the Interior approves. The Secretary of the Interior can transfer inventories, equipment, receivables, and other assets (minus liabilities) into the fund at their fair value. The fund gets credited with money from the Survey, other Interior agencies, other federal agencies, and other sources who pay for materials, supplies, equipment, work, or services — payment can happen in advance or after the work is done. Charges to users must roughly match the actual cost of providing the materials, equipment, facilities, or services, including things like depreciation and accrued leave. Money that had built up from telecommunications amortization fees before November 5, 1990, in a special Treasury account, gets folded into this fund and used the same way it always was. Finally, any fund money the Secretary decides is not needed for these activities must be sent back to the Treasury's general receipts.
the actual law source: uscode.house.gov ↗public domain

There is hereby established in the Treasury of the United States a working capital fund to assist in the management of certain support activities of the United States Geological Survey (hereafter referred to as the “Survey”), Department of the Interior. The fund shall be available on and after November 5, 1990, without fiscal year limitation for expenses necessary for furnishing materials, supplies, equipment, work, facilities, and services in support of Survey programs, and, as authorized by law, to agencies of the Federal Government and others. Such expenses may include laboratory modernization and equipment replacement, computer operations, maintenance, and telecommunications services; requirements definition, systems analysis, and design services; acquisition or development of software; systems support services such as implementation assistance, training, and maintenance; acquisition and replacement of computer, publications, scientific instrumentation, telecommunications, and related automatic data processing equipment; and, such other activities as may be approved by the Secretary of the Interior.

There are authorized to be transferred to the fund, at fair and reasonable values at the time of transfer, inventories, equipment, receivables, and other assets, less liabilities, related to the functions to be financed by the fund as determined by the Secretary of the Interior: Provided, That the fund shall be credited with appropriations and other funds of the Survey, and other agencies of the Department of the Interior, other Federal agencies, and other sources, for providing materials, supplies, equipment, work, and services as authorized by law and such payments may be made in advance or upon performance: Provided further, That charges to users will be at rates approximately equal to the costs of furnishing the materials, supplies, equipment, facilities, and services, including such items as depreciation of equipment and facilities, and accrued annual leave: Provided further, That all existing balances as of November 5, 1990, from amortization fees resulting from the Survey providing telecommunications services and deposited in a special fund established on the books of the Treasury and available for payment of replacement or expansion of telecommunications services as authorized by Public Law 99–190, are hereby transferred to and merged with the working capital fund, to be used for the same purposes as originally authorized: Provided further, That funds that are not necessary to carry out the activities to be financed by the fund, as determined by the Secretary, shall be covered into miscellaneous receipts of the Treasury.

Source credit: (Pub. L. 101–512, title I, Nov. 5, 1990, 104 Stat. 1924; Pub. L. 102–154, title I, Nov. 13, 1991, 105 Stat. 1000; Pub. L. 103–332, title I, Sept. 30, 1994, 108 Stat. 2507.)

history & why it existsrecord from the source credit
  • 1990Enacted · Pub. L. 101-512 · 104 Stat. 1924
  • 1991Amended · Pub. L. 102-154 · 105 Stat. 1000
  • 1994Amended · Pub. L. 103-332 · 108 Stat. 2507

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-512 on 1990-11-05.

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