§ 501 TITLE 31—MONEY AND FINANCE Page 22

REPORT ON IMPLEMENTATION OF SECTION

Section 312(l)(3) of Pub. L. 103–296 provided that: ‘‘Not

later than May 1, 1996, the Secretary of the Treasury

shall submit a report to the Committee on Ways and

Means of the House of Representatives and the Committee on Finance of the Senate on the implementation of the amendments made by this section [enacting

this section and amending section 1320b–10 of Title 42,

The Public Health and Welfare]. Such report shall include the number of cases in which the Secretary has

notified persons of violations of section 333 of title 31,

United States Code (as added by subsection (a)[(l)(1)]),

the number of prosecutions commenced under such section, and the total amount of the penalties collected in

such prosecutions.’’

CHAPTER 5—OFFICE OF MANAGEMENT AND

BUDGET

SUBCHAPTER I—ORGANIZATION

Sec.

501. Office of Management and Budget.

502. Officers.

503. Functions of Deputy Director for Management.

504. Office of Federal Financial Management.

505. Office of Information and Regulatory Affairs.

506. Office of Federal Procurement Policy.

SUBCHAPTER II—ADMINISTRATIVE

521. Employees.

522. Necessary expenditures.

AMENDMENTS

1990—Pub. L. 101–576, title II, §203(c), Nov. 15, 1990, 104

Stat. 2841, added items 503 and 504 and redesignated

former items 503 and 504 as 505 and 506, respectively.

1983—Pub. L. 97–452, §1(1)(B), Jan. 12, 1983, 96 Stat.

2467, added item 504.

SUBCHAPTER I—ORGANIZATION

§ 501. Office of Management and Budget

The Office of Management and Budget is an office in the Executive Office of the President.

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 886.)

HISTORICAL AND REVISION NOTES

Revised

Section Source (U.S. Code Source (Statutes at Large)

501 .......... 31:16(1st sentence). June 10, 1921, ch. 18, §207(1st

sentence), 42 Stat. 22;

Reorg. Plan No. 1 of 1939,

eff. July 1, 1939, §1, 53 Stat.

1423; Reorg. Plan No. 2 of

1970, eff. July 1, 1970,

§102(a), 84 Stat. 2085; restated Mar. 2, 1974, Pub. L.

93–250, §1, 88 Stat. 11.

SHORT TITLE OF 1990 AMENDMENT

Pub. L. 101–576, title I, §101, Nov. 15, 1990, 104 Stat.

2838, provided that: ‘‘This Act [enacting sections 503,

504, 901 to 903, and 3515 of this title, amending sections

502, 1105, 3512, 3521, 9105, and 9106 of this title, sections

5313 to 5315 of Title 5, Government Organization and

Employees, and section 3533 of Title 42, The Public

Health and Welfare, renumbering sections 503 and 504 of

this title as 505 and 506 of this title, respectively, enacting provisions set out as notes under this section and

sections 901, 3511, 3515, and 3521 of this title, and amending provisions set out as a note under section 301 of

Title 38, Veterans’ Benefits] may be cited as the ‘Chief

Financial Officers Act of 1990’.’’

TRANSFER OF FUNCTIONS

Pub. L. 104–53, title II, §211, Nov. 19, 1995, 109 Stat. 535,

as amended by Pub. L. 104–316, title II, §203, Oct. 19,

1996, 110 Stat. 3845, provided that: ‘‘Personnel transferred pursuant to this section, as in effect immediately before the effective date of section 303 [203] of

the General Accounting Office Act of 1996 [Pub. L.

104–316, Oct. 19, 1996], shall not be separated or reduced

in classification or compensation for one year after any

such transfer, except for cause.’’

EMERGENCY PREPAREDNESS FUNCTIONS

For assignment of certain emergency preparedness

functions to Director of the Office of Management and

Budget, see Parts 1, 2, and 28 of Ex. Ord. No. 12656, Nov.

18, 1988, 53 F.R. 47491, set out as a note under section

5195 of Title 42, The Public Health and Welfare.

PURPOSE OF AMENDMENTS BY PUB. L. 104–316

Pub. L. 104–316, title II, §201, Oct. 19, 1996, 110 Stat.

3842, provided that: ‘‘The purpose of this title [see

Tables for classification] is to amend provisions of law

to reflect, update, and enact transfers and subsequent

delegations of functions made under section 211 of the

Legislative Branch Appropriations Act, 1996 (Public

Law 104–53, 109 Stat. 535) [see Transfer of Functions

note above], as in effect immediately before this title

takes effect [Oct. 19, 1996].’’

DEPARTMENT OF THE INTERIOR FRANCHISE FUND PILOT

Pub. L. 104–208, div. A, title I, §101(d) [title I, §113],

Sept. 30, 1996, 110 Stat. 3009–181, 3009–200, provided that:

‘‘There is hereby established in the Treasury a franchise fund pilot, as authorized by section 403 of Public

Law 103–356 [set out below], to be available as provided

in such section for costs of capitalizing and operating

administrative services as the Secretary determines

may be performed more advantageously as central

services: Provided, That any inventories, equipment,

and other assets pertaining to the services to be provided by such fund, either on hand or on order, less the

related liabilities or unpaid obligations, and any appropriations made prior to the current year for the purpose of providing capital shall be used to capitalize

such fund: Provided further, That such fund shall be paid

in advance from funds available to the Department and

other Federal agencies for which such centralized services are performed, at rates which will return in full all

expenses of operation, including accrued leave, depreciation of fund plant and equipment, amortization of

automatic data processing (ADP) software and systems

(either acquired or donated) and an amount necessary

to maintain a reasonable operating reserve, as determined by the Secretary: Provided further, That such

fund shall provide services on a competitive basis: Provided further, That an amount not to exceed four percent of the total annual income to such fund may be retained in the fund for fiscal year 1997 and each fiscal

year thereafter, to remain available until expended, to

be used for the acquisition of capital equipment, and

for the improvement and implementation of Department financial management, ADP, and other support

systems: Provided further, That no later than thirty

days after the end of each fiscal year amounts in excess

of this reserve limitation shall be transferred to the

Treasury: Provided further, That such franchise fund

pilot shall terminate pursuant to section 403(f) of Public Law 103–356.’’

DEPARTMENT OF THE TREASURY FRANCHISE FUND

PILOT

Pub. L. 104–208, div. A, title I, §101(f) [title I], Sept. 30,

1996, 110 Stat. 3009–314, 3009–316, provided in part that:

‘‘There is hereby established in the Treasury a franchise fund pilot, as authorized by section 403 of Public

Law 103–356 [set out below], to be available as provided

in such section for expenses and equipment necessary

for the maintenance and operation of such financial

and administrative support services as the Secretary

determines may be performed more advantageously as

central services: Provided, That any inventories, equipment, and other assets pertaining to the services to be