15 U.S.C. § 1521: Working capital fund…

Summary

Creates a $100,000 working capital fund that does not expire. It must pay salaries and other costs for central duplicating, photographic, drafting, and photostating services and other services the Secretary, with the OMB Director’s approval, decides are better done centrally. Agencies that use the services must repay the fund at rates covering labor, materials, equipment (including maintenance, repairs, and depreciation) and other expenses. The annual Budget must include a separate report of the fund’s finances at the end of the last fiscal year.

Title 15, §1521

Commerce and Trade, Source: USLM XML via OLRC

There is established a working capital fund of $100,000, without fiscal year limitation, for the payment of salaries and other expenses necessary to the maintenance and operation of (1) central duplicating, photographic, drafting, and photostating services and (2) such other services as the Secretary, with the approval of the Director of the Office of Management and Budget, determines may be performed more advantageously as central services; said fund to be reimbursed from applicable funds of bureaus, offices, and agencies for which services are performed on the basis of rates which shall include estimated or actual charges for personal services, materials, equipment (including maintenance, repairs, and depreciation) and other expenses: Provided, That such central services shall, to the fullest extent practicable, be used to make unnecessary the maintenance of separate like services in the bureaus, offices, and agencies of the Department: Provided further, That a separate schedule of expenditures and reimbursements, and a statement of the current assets and liabilities of the working capital fund as of the close of the last completed fiscal year, shall be included in the annual Budget.

Notes & Related Subsidiaries

Editorial Notes

Codification Section was formerly classified to section 607 of Title 5 prior to the general revision and enactment of Title 5, Government Organization and Employees, by Pub. L. 89–554, § 1, Sept. 6, 1966, 80 Stat. 378.

Executive Documents

Transfer of Functions

Functions vested by law (including reorganization plan) in Bureau of the Budget or Director of Bureau of the Budget transferred to President by section 101 of Reorg. Plan No. 2 of 1970, eff. July 1, 1970, 35 F.R. 7959, 84 Stat. 2085, set out in the Appendix to Title 5, Government Organization and Employees. section 102 of Reorg. Plan No. 2 of 1970 redesignated Bureau of the Budget as Office of Management and Budget.

§1521 Working Capital Fund; Establishment; Amount; Uses; Reimbursement