Source: http://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section322&num=0&edition=prelim
Timestamp: 2019-05-20 21:33:19
Document Index: 549730942

Matched Legal Cases: ['§ 322', '§442', '§401', '§101', '§1', '§120', '§123', '§219']

[USC02] 31 USC 322: Working capital fund
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31 USC 322: Working capital fund Text contains those laws in effect on May 19, 2019
From Title 31-MONEY AND FINANCESUBTITLE I-GENERALCHAPTER 3-DEPARTMENT OF THE TREASURYSUBCHAPTER II-ADMINISTRATIVE
(c) The fund consists of-
( Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 881 ; Pub. L. 98–369, div. A, title IV, §442, July 18, 1984, 98 Stat. 816 .)
322(a) 31:1033(1st sentence less words between 1st and 3d commas, 2d sentence 1st–9th words). Dec. 31, 1970, Pub. L. 91–614, §401, 84 Stat. 1846 .
1984-Subsec. (a). Pub. L. 98–369 struck out provision placing a $1,000,000 limitation on fund.
Pub. L. 104–208, div. A, title I, §101(f) [title I], Sept. 30, 1996, 110 Stat. 3009–314 , 3009-316, as amended by Pub. L. 106–554, §1(a)(3) [title I, §120], Dec. 21, 2000, 114 Stat. 2763 , 2763A-135; Pub. L. 108–7, div. J, title I, §123, Feb. 20, 2003, 117 Stat. 439 ; Pub. L. 108–447, div. H, title II, §219, Dec. 8, 2004, 118 Stat. 3242 , provided in part that: "Hereafter There [sic] is established in the Treasury a franchise fund to be available without fiscal year limitation, 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 provided by such fund, either on hand or on order, less the related liabilities or unpaid obligations, and any appropriations made for the purpose of providing capital, shall be used to capitalize such fund: Provided further, That such fund shall be reimbursed or credited with the payments, including advanced payments, from applicable appropriations and funds available to the Department and other Federal agencies for which such administrative and financial services are performed, at rates which will recover all expenses of operation, including accrued leave, depreciation of fund plant and equipment, amortization of Automatic Data Processing (ADP) software and systems, 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 4 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 Treasury financial management, ADP, and other support systems: Provided further, That no later than 30 days after the end of each fiscal year, amounts in excess of this reserve limitation shall be deposited as miscellaneous receipts in the Treasury."