§3173 Working Capital Fund for General Services Administration

Summary

Create a working capital fund for the General Services Administration to pay for routine support services like accounting, budgeting, personnel, legal help, printing, and similar management services. The GSA Administrator may add other services if they tell the Office of Management and Budget first. Money received, including advance payments, goes into the fund and stays there until spent. Agencies that use the services must be charged rates that fully cover the costs. Each year the Administrator, with the GSA Chief Financial Officer, must set the fund’s cost and capital needs, make a plan, approve any changes, and set the rates. At the end of each fiscal year, after keeping amounts needed under the plan, any uncommitted balance must be sent to the Treasury’s general fund as miscellaneous receipts. Unused appropriations for operating expenses or salaries may be moved into the fund for major equipment or systems needed to implement the Chief Financial Officers Act of 1990 (Public Law 101–576, 104 Stat. 2838), but the transfer must occur no later than the end of the fifth fiscal year after the year the money was provided, can be spent only with advance approval of the House and Senate Appropriations Committees, and remains available until spent.