§30102 Working Capital Fund

Summary

Creates a working capital fund in the U.S. Treasury for the Administration. The fund can pay for activities, services, equipment, information, and facilities. It can serve the Administration, other federal agencies, states and local governments, public or private groups, or any person or institution when those costs are repaid. It can also pay for capital repairs, renovations, and similar work on the Administration’s real property when repaid. The fund may pay for IT modernization under Public Law 115–91, section 1077(b)(3)(A)–(E), without repayment. Money in the fund is not limited to a single fiscal year. The fund’s capital comes from amounts appropriated to it; the value of supplies, equipment, and inventories the Administrator moves into the fund minus related debts; payments for loss or damage to fund property; and ongoing refunds or rebates from the Administration’s credit card program. The fund must be repaid in advance for supplies and services at rates that match operating costs, including accrued annual leave, depreciation, and overhead.