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Title 14 — Coast GuardRelease 119-73

§941 Coast Guard Supply Fund

Title 14 › Subtitle SUBTITLE I— - ESTABLISHMENT, POWERS, DUTIES, AND ADMINISTRATION › Chapter CHAPTER 9— - ADMINISTRATION › Subchapter SUBCHAPTER II— - MISCELLANEOUS › § 941

Last updated Apr 6, 2026|Official source

Summary

Creates a Coast Guard Supply Fund and lets the Secretary set rules about what items to stock. The Secretary can add stock from other Coast Guard accounts to the fund’s capital. The fund pays for purchases (except those transferred in) and is credited when items are used, issued, sold, or discarded, with values set to roughly cover cost. The Secretary, with approval of the Director of the Office of Management and Budget, may incur obligations against expected reimbursements to the fund, ignoring fiscal-year limits, for the amounts and time needed to keep stock levels for the next year.

Full Legal Text

Title 14, §941

Coast Guard — Source: USLM XML via OLRC

(a)A Coast Guard Supply Fund is authorized. The Secretary may prescribe regulations for designating the classification of materials to be stocked. In these regulations, whenever the fund is extended to include items not previously stocked, or spare parts obtained as part of a procurement under a different account of major items such as vessels or aircraft, whether or not such parts were previously stocked, the Secretary may authorize an increase in the existing capital of the fund by the value of such usable materials transferred thereto from Coast Guard inventories carried in other accounts. Except for the materials so transferred, the fund shall be charged with the cost of materials purchased or otherwise acquired. The fund shall be credited with the value of materials consumed, issued for use, sold, or otherwise disposed of, such values to be determined on a basis that will approximately cover the cost thereof.
(b)Obligations may, without regard to fiscal year limitations, be incurred against anticipated reimbursement to the Coast Guard Supply Fund in such amount and for such period, as the Secretary, with approval of the Director of the Office of Management and Budget, may determine to be necessary to maintain stock levels consistently with planned operations for the next year.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

A Coast Guard supply fund was established by the Naval Appropriation Act for fiscal year 1943 approved February 7, 1942, 56 Stat. 73. Experience has clearly shown that it is advantageous to the Government to have permanent authorization for such a fund. 81st Congress,

House Report No. 557

.

Editorial Notes

Amendments

2018—Pub. L. 115–282 renumbered section 650 of this title as this section. 1980—Subsec. (a). Pub. L. 96–376 substituted “these

Regulations

” for “such

Regulations

” and authorized an increase in the capital of the fund when the fund is extended to include spare parts obtained as part of a procurement under a different account of major items such as vessels or aircraft, whether or not such parts were previously stocked. 1976—Subsec. (b). Pub. L. 94–546 substituted “Office of Management and Budget” for “Bureau of the Budget”. 1970—Pub. L. 91–278 designated existing provisions as subsec. (a) and added subsec. (b). 1956—Act Aug. 7, 1956, substituted “Coast Guard Supply Fund” for “Coast Guard supply fund and supply account” in section catchline, struck out provisions calling for mandatory increase of the Fund by the value of commissary provisions and uniform clothing on hand on July 1, 1949, and inserted provisions permitting the Secretary to prescribe

Regulations

for designating the classification of materials to be stocked and for increasing the existing capital of the Fund.

Reference

Citations & Metadata

Citation

14 U.S.C. § 941

Title 14 — Coast Guard

Last Updated

Apr 6, 2026

Release point: 119-73