Title 42 — The Public Health and WelfareRelease 119-73

§7263 Capital fund

Title 42 › Chapter CHAPTER 84— - DEPARTMENT OF ENERGY › Subchapter SUBCHAPTER VI— - ADMINISTRATIVE PROVISIONS › Part Part C— - General Administrative Provisions › § 7263

Last updated Apr 6, 2026|Official source

Summary

The Secretary may create a working capital fund that does not expire each fiscal year. The fund pays for shared administrative services that save money and improve efficiency, such as central supplies, mail and messenger service, phone and communications, office space, document copying, graphics, and a central library. Agencies must reimburse the fund in advance from their available money or other sources. Charges should roughly match the cost to run the services, including accrued annual leave and equipment depreciation. The fund’s capital comes from any appropriations made for that purpose and from the fair value of supplies, equipment, and other assets the Secretary moves into the fund, minus related debts and unpaid bills. The fund also keeps money from sales, exchanges, and payments for loss or damage. Any surplus above what was put in must be sent to the U.S. Treasury as miscellaneous receipts. Congress may provide more appropriations to add working capital.

Full Legal Text

Title 42, §7263

The Public Health and Welfare — Source: USLM XML via OLRC

The Secretary is authorized to establish a working capital fund, to be available without fiscal year limitation, for expenses necessary for the maintenance and operation of such common administrative services as he shall find to be desirable in the interests of economy and efficiency, including such services as a central supply service for stationery and other supplies and equipment for which adequate stocks may be maintained to meet in whole or in part the requirements of the Department and its agencies; 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. The capital of the fund shall consist of any appropriations made for the purpose of providing capital (which appropriations are hereby authorized) and the fair and reasonable value of such stocks of supplies, equipment, and other assets and inventories on order as the Secretary may transfer to the fund, less the related liabilities and unpaid obligations. Such funds shall be reimbursed in advance from available funds of agencies and offices in the Department, or from other sources, for supplies and services at rates which will approximate the expense of operation, including the accrual of annual leave and the depreciation of equipment. The fund shall also be credited with receipts from sale or exchange of property and receipts in payment for loss or damage to property owned by the fund. There shall be covered into the United States Treasury as miscellaneous receipts any surplus found in the fund (all assets, liabilities, and prior losses considered) above the amounts transferred or appropriated to establish and maintain said fund. There shall be transferred to the fund the stocks of supplies, equipment, other assets, liabilities, and unpaid obligations relating to the services which he determines will be performed through the fund. Appropriations to the fund, in such amounts as may be necessary to provide additional working capital, are authorized.

Reference

Citations & Metadata

Citation

42 U.S.C. § 7263

Title 42 — The Public Health and Welfare

Last Updated

Apr 6, 2026

Release point: 119-73