49 U.S.C. § 327 — Administrative working capital fund
submitted 43 years ago by Pub. L. 97-449 to r/title-49-TRANSPORTATION · 266 words · no verdicts yet
The Department of Transportation runs a fund for shared office services. It pays for supplies, mail, phones, office space, and a library. The fund must be repaid in advance, and extra money returns to the Treasury.
(a) The Department of Transportation has an administrative working capital fund. It pays for the cost of running shared administrative services that the Secretary decides make the Department work better and cheaper. These services can include: a central supply service for stationery and other supplies and equipment; central messenger, mail, telephone, and other communication services; office space; central document reproduction, graphics, and visual aid services; and a central library service.
(b) Money in the fund doesn't expire at the end of a fiscal year. Congress can appropriate more money into it.
(c) The fund is made up of: money appropriated to it; the value of supplies, equipment, and other assets (minus related debts) that the Secretary transfers in; money from selling or trading property; and payments for lost or damaged fund property.
(d) Agencies using the fund's services must pay for them in advance, at rates that roughly cover the real cost of running the fund — including accrued vacation time and equipment depreciation. Any money left over, beyond what's needed to keep the fund running, gets deposited in the Treasury as miscellaneous receipts. All the fund's assets, debts, and past losses are factored in when figuring out that leftover amount.
The Department of Transportation has an administrative working capital fund. Amounts in the fund are available for expenses of operating and maintaining common administrative services the Secretary of Transportation decides are desirable for the efficiency and economy of the Department. The services may include—
a central supply service for stationery and other supplies and equipment through which adequate stocks may be maintained to meet the requirements of the Department;
central messenger, mail, telephone, and other communications services;
office space;
central services for document reproduction, and for graphics and visual aids; and
a central library service.
Amounts in the fund are available without regard to fiscal year limitation. Amounts may be appropriated to the fund.
The fund consists of—
amounts appropriated to the fund;
the reasonable value of stocks of supplies, equipment, and other assets and inventories on order that the Secretary transfers to the fund, less the related liabilities and unpaid obligations;
amounts received from the sale or exchange of property; and
payments received for loss or damage to property of the fund.
The fund shall be reimbursed, in advance, from amounts available to the Department or from other sources, for supplies and services at rates that will approximate the expenses of operation, including the accrual of annual leave and the depreciation of equipment. Amounts in the fund, in excess of amounts transferred or appropriated to maintain the fund, shall be deposited in the Treasury as miscellaneous receipts. All assets, liabilities, and prior losses are considered in determining the amount of the excess.
Source credit: (Pub. L. 97–449, § 1(b), Jan. 12, 1983, 96 Stat. 2425.)
- 1983Enacted · Pub. L. 97-449 · 96 Stat. 2425
A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-449 on 1983-01-12.
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