§2311 Community Disposal Operations Fund

Summary

Creates the Community Disposal Operations Fund on June 30, 1956. The Commission, or the head of an agency doing the Commission’s sales and financing work under a delegation from the President under section 2313, can put money into the fund and record the assets and debts tied to those sales and financing activities. The agency may make short-term advances from other operation funds if needed, but any such advances must be repaid from any unobligated balances in the Community Disposal Operations Fund before the fiscal year ends. The fund must pay necessary costs, including administrative expenses, losses, and obligations tied to sales, transfers, and financing under section 2362; payments required by sections 2363–2366; expenses allowed by section 2310; and costs to defend or pay claims about broken title warranties on property sold under this chapter. Any money in the fund that is more than needed must be declared and paid to the Treasury at least once a year.