43 U.S.C. § 1736: Working capital fund

Summary

Creates a working capital fund to pay for supplies, equipment, and services used to manage public lands. The fund can be used without a yearly time limit to buy, build, lease, or rent things like storage buildings, equipment yards, vehicles, aircraft, heavy machinery, and fire-control and other resource-management gear. Use of the fund must follow the federal procurement rules in title 40 and parts of title 41 and is limited by the money Congress gives the Bureau. The fund’s first money comes from a special appropriation plus the fair value of assets moved into the fund minus any debts. The Secretary can move more assets or money into it later. The fund gets credit from payments by appropriations, the Bureau, other Interior and federal agencies, and other authorized sources at rates about equal to the cost (including depreciation and accrued leave). Payments can be made in advance for firm orders or as reimbursements. Up to $3,000,000 is authorized as initial capital.

Title 43, §1736

Public Lands, Source: USLM XML via OLRC

(a)Establishment; availability of fund

There is hereby established a working capital fund for the management of the public lands. This fund shall be available without fiscal year limitation for expenses necessary for furnishing, in accordance with chapters 1 to 11 of title 40 and division C (except section 3302, 3307(e), 3501(b), 3509, 3906, 4710, and 4711) of subtitle I of title 41, and regulations promulgated thereunder, supplies and equipment services in support of Bureau programs, including but not limited to, the purchase or construction of storage facilities, equipment yards, and related improvements and the purchase, lease, or rent of motor vehicles, aircraft, heavy equipment, and fire control and other resource management equipment within the limitations set forth in appropriations made to the Secretary for the Bureau.

(b)Initial funding; subsequent transfers

The initial capital of the fund shall consist of appropriations made for that purpose together with the fair and reasonable value at the fund’s inception of the inventories, equipment, receivables, and other assets, less the liabilities, transferred to the fund. The Secretary is authorized to make such subsequent transfers to the fund as he deems appropriate in connection with the functions to be carried on through the fund.

(c)Payments credited to fund; amount; advancement or reimbursement

The fund shall be credited with payments from appropriations, and funds of the Bureau, other agencies of the Department of the Interior, other Federal agencies, and other sources, as authorized by law, at rates approximately equal to the cost of furnishing the facilities, supplies, equipment, and services (including depreciation and accrued annual leave). Such payments may be made in advance in connection with firm orders, or by way of reimbursement.

(d)Authorization of appropriations

There is hereby authorized to be appropriated a sum not to exceed $3,000,000 as initial capital of the working capital fund.

Notes & Related Subsidiaries

Editorial Notes

Codification In subsec. (a), “chapters 1 to 11 of title 40 and division C (except section 3302, 3307(e), 3501(b), 3509, 3906, 4710, and 4711) of subtitle I of title 41” substituted for “the Federal Property and Administrative Services Act of 1949 (63 Stat. 377, as amended)” on authority of Pub. L. 107–217, § 5(c), Aug. 21, 2002, 116 Stat. 1303, which Act enacted Title 40, Public Buildings, Property, and Works, and Pub. L. 111–350, § 6(c), Jan. 4, 2011, 124 Stat. 3854, which Act enacted Title 41, Public Contracts.

§1736 Working Capital Fund

Summary

Title 43, §1736

Notes & Related Subsidiaries

Editorial Notes

Citations & Metadata