§2210 — Title 10 Armed Forces | U.S. Code

Summary

A working-capital fund set up under section 2208 can keep enough money from selling certain property to pay the costs of selling it. Extra money from those sales can go into current Department of Defense appropriations. This rule covers sales of supplies, materials, equipment, and other personal property not paid for by the stock funds under section 2208. The Secretary of Defense, with the President’s approval, can charge obligations against expected reimbursements to stock funds without following fiscal-year limits. They can do this in the amounts and for the time needed to keep planned stock levels for the next fiscal year.

Title 10, §2210

Armed Forces — Source: USLM XML via OLRC

(a)(1)A working-capital fund established pursuant to section 2208 of this title may retain so much of the proceeds of disposals of property referred to in paragraph (2) as is necessary to recover the expenses incurred by the fund in disposing of such property. Proceeds from the sale or disposal of such property in excess of amounts necessary to recover the expenses may be credited to current applicable appropriations of the Department of Defense.

(2)Paragraph (1) applies to disposals of supplies, material, equipment, and other personal property that were not financed by stock funds established under section 2208 of this title.

(b)Obligations may, without regard to fiscal year limitations, be incurred against anticipated reimbursements to stock funds in such amounts and for such period as the Secretary of Defense, with the approval of the President, may determine to be necessary to maintain stock levels consistently with planned operations for the next fiscal year.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised sectionSource (U.S. Code)Source (Statutes at Large) 2210(a)2210(b)5:172d–1 (less proviso).5:172d–1 (proviso).Aug. 1, 1953, ch. 305, § 645, 67 Stat. 357. In section (a), the words “proceeds of the disposal” are substituted for the words “moneys arising from the disposition”.

Editorial Notes

Amendments

1998—Subsec. (a). Pub. L. 105–261 amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “Current applicable appropriations of the Department of Defense may be credited with proceeds of the disposals of supplies that are not financed by stock funds established under section 2208 of this title.” 1980—Subsec. (b). Pub. L. 96–513 substituted “President” for “Director of the Bureau of the Budget”.

Statutory Notes and Related Subsidiaries

Effective Date

of 1980 AmendmentAmendment by Pub. L. 96–513 effective Dec. 12, 1980, see section 701(b)(3) of Pub. L. 96–513, set out as a note under section 101 of this title.

§2210 Proceeds of sales of supplies: credit to appropriations