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Title 16 — ConservationRelease 119-73not60

§579b Working Capital Fund; Establishment; Availability; Transfer; Capitalization; Advance Payments Credited

Title 16 › Chapter 3— FORESTS; FOREST SERVICE; REFORESTATION; MANAGEMENT › Subchapter I— GENERAL PROVISIONS › § 579b

Last updated Apr 5, 2026|Official source

Summary

Creates a working capital fund to pay for supply and equipment services that support Forest Service programs. Money in the fund can be used beyond a single year, and may pay for necessary costs, including buying or building facilities within Forest Service appropriation limits. The Secretary of Agriculture can move assets (like receivables, inventory, and equipment) into the fund at fair value and take on related liabilities. The fund will receive advance payments for firm orders and reimbursements from the Forest Service, other agencies, and other legal sources, charged at rates that roughly cover the cost of the services.

Full Legal Text

Title 16, §579b

Conservation — Source: USLM XML via OLRC

There is established a working capital fund which shall be available without fiscal year limitation for expenses necessary, including the purchase or construction of buildings and improvements within the limitations thereon set forth in the appropriations for the Forest Service, for furnishing supply and equipment services in support of programs of the Forest Service. The Secretary of Agriculture is authorized to transfer to the fund, without reimbursement, and to capitalize in the fund at fair and reasonable values, such receivables, inventories, equipment, and other assets as he may determine, and assume the liabilities in connection with such assets: Provided, That the fund shall be credited with advance payments in connection with firm orders and reimbursements from appropriations and funds of the Forest Service, other departmental and Federal agencies, and from other sources, as authorized by law, at rates approximately equal to the cost of furnishing the facilities and service.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

1962—Pub. L. 87–869 struck out the $25,000,000 limitation on amount of capitalization in Forest Service working capital fund.

Reference

Citations & Metadata

Citation

16 U.S.C. § 579b

Title 16 — Conservation

Last Updated

Apr 5, 2026

Release point: 119-73not60