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Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Library of Congress Financial
Management Act of 1999''.

TITLE I--LIBRARY OF CONGRESS REVOLVING FUND

SEC. 101. AVAILABILITY OF FUND FOR SERVICE ACTIVITIES.

The Librarian of Congress is authorized--
(1) to establish Fund service units to carry out Fund
service activities; and
(2) to make the library products and services constituting
Fund service activities available for purchase through Fund
service units at rates estimated by the Librarian to be
adequate to recover the direct and indirect costs of the
activities, with respect to each Fund service unit, over a
reasonable period of time.

SEC. 102. FUND SERVICE ACTIVITIES.

The Fund service activities that may be conducted by Fund service
units are--
(1) preparation of research reports, translations,
analytical studies, and related services for departments and
other entities of the Federal Government;
(2) centralized acquisition of publications and library
materials in any format, information, research, and library
support services; training in library and information services;
and related services for departments and other entities of the
Federal Government;
(3) decimal classification development;
(4) gift shop and other sales of items associated with
collections, exhibits, performances, and special events of the
Library of Congress;
(5) location, copying, storage, preservation and delivery
services for library document and audio-visual materials, not
including basic domestic interlibrary loan services; and
international interlibrary lending;
(6) special events and programs; performances, exhibits,
workshops, and training; and
(7) cooperative acquisitions of foreign publications and
research materials and related services on behalf of
participating institutions.

SEC. 103. LIBRARY OF CONGRESS REVOLVING FUND.

(a) Establishment.--There is established in the Treasury of the
United States a fund to be known as the Library of Congress Revolving
Fund. The Fund shall be available to the Librarian of Congress without
fiscal year limitation, for the conduct of Fund service activities
operated by the Library on a cost-recovery basis. Obligations for Fund
service activities are limited to the total amounts specified in the
appropriations act for any fiscal year. The Fund shall consist of
amounts deposited under subsection (b) and credits under subsection
(c).
(b) Capital; Amounts Deposited.--The Fund shall consist of--
(1) amounts from funds appropriated to the Library of
Congress that the Librarian may temporarily transfer to the
Fund for capitalization of the Fund, in which case the Fund
shall reimburse the Library for amounts so transferred before
the period of availability of the Library appropriation
expires;
(2) any amounts transferred as capital from the fund
authorized under section 207(b)(2) of Legislative Branch
Appropriation Act, 1998 (Public Law 105-55) (as such section
was in effect on the day before the date of enactment of this
Act);
(3) any obligated, unexpended balances existing as of
September 30, 2000, or the date of enactment of this Act,
whichever is later, attributable to the activities specified in
section 102 that the Library conducts, which balances the
Librarian may transfer to the Fund notwithstanding the
requirements of section 1535(d) of title 31, United States
Code;
(4) upon the transfer of an activity of the Library of
Congress to a Fund service unit, the difference between--
(A) the total value of the supplies, inventories,
equipment, gift fund balances, and other assets of the
activity; and
(B) the total value of the liabilities (including
the value of accrued annual leave of employees) of the
activity; and
(5) any amounts appropriated by law for the purposes of the
Fund.
(c) Credits.--The Fund shall be credited with all amounts received
by Fund service units with respect to Fund service activities,
including--
(1) fees, advances, and reimbursements;
(2) gifts or bequests of money or property for credit to
the Fund;
(3) receipts from sales and exchanges of property;
(4) payments for loss or damage to property;
(5) receivables, inventories, and other assets; and
(6) amounts appropriated by law.
(d) Advances of Funds.--Participants in Fund services activities
shall pay by advance of funds in all cases where it is determined by
the Librarian that there is insufficient capital otherwise available in
the Fund. Advances of funds also may be made by agreement between the
participants and the Librarian.
(e) Individual Accounting Requirement for Fund Service Units.--
Separate accounts of the Fund shall be maintained with respect to
individual Fund service units.
(f) Excess Funds.--Any unobligated and unexpended balances in the
Fund that the Librarian determines to be in excess of amounts needed
for activities financed by the Fund shall be deposited in the Treasury
of the United States as a miscellaneous receipt. For the purpose of the
preceding sentence the term ''amounts needed for activities financed by
the Fund'' means the direct and indirect costs of the activities,
including the costs of purchasing, shipping, and binding of books and
other library materials; supplies, materials, equipment and service
needed in support of the activities; salaries and benefits; general
overhead; and travel.
(g) Multiyear Contracting Authority.--In the operation of Fund
activities, the Librarian is authorized to enter into contracts for the
lease and acquisition of goods and services (including severable
services) for a period that begins in one fiscal year and ends in the
next fiscal year, and to enter into multiyear contracts for the
acquisition of property and services, in the same manner and to the
same extent as the head of an executive agency may enter into such
contracts under sections 303L and 304B, respectively, of the Federal
Property and Administrative Services Act (41 U.S.C. 253l and 254c).
(h) Annual Report.--Not later than March 31 of each year, the
Librarian shall submit to Congress an audited financial statement for
the Fund for the preceding fiscal year. The audit shall be conducted in
accordance with Government Auditing Standards for financial audits
issued by the Comptroller General of the United States.

SEC. 104. DEFINITIONS.

As used in this title--
(1) the term ''departments and other entities of the
Federal Government'' means any department, agency or
instrumentality of the United States Government, including
executive departments, military departments, independent
establishments, wholly owned Government corporations, and
entities in the legislative and judicial branches, and includes
any department, agency or instrumentality of the District of
Columbia government;
(2) the term ''Fund'' means the Library of Congress
Revolving Fund established under section 103;
(3) the term ''Fund service activities'' means the library
information products and services described in section 102;
(4) the term ''Fund service unit'' means an organizational
entity of the Library of Congress that, at the direction of the
Librarian, is partially or fully sustained through the Fund;
and
(5) the term ''Librarian'' means the Librarian of Congress.

SEC. 105. REPEAL.

Section 207 of the Legislative Branch Appropriations Act, 1998
(Public Law 105-55) is repealed.

SEC. 106. EFFECTIVE DATE.

This title shall take effect on October 1, 2000.

TITLE II--CATALOGING PRODUCTS AND SERVICES

SEC. 201. AVAILAB1LITY OF CATALOGING PRODUCTS AND SERVICES.

(a) In General.--The Librarian of Congress is authorized to make
cataloging products and services, created by the Library of Congress,
available for purchase at prices that reflect as closely as practicable
the cost of distribution over a reasonable period of time. The amounts
received for such products and services shall be deposited in the
Treasury of the United States to the credit of the appropriation for
salaries and expenses of the Library of Congress, to remain available
until expended for necessary distribution of such products and
services.
(b) Definition.--As used in this section, the term ''cataloging
products and services'' means those bibliographic products and
services, in any format now known or later developed, that are used by
libraries and library organizations, including other Library-created
data bases, and related technical publications.

SEC. 202. REPEAL.

The paragraph beginning ''The Librarian of Congress'' under the
heading ''Public printing and binding'' in the first section of the Act
entitled ''An Act making appropriations for sundry civil expenses of
the Government for the fiscal year ending June thirtieth, nineteen
hundred and three, and for other purposes'', approved June 28, 1902 (2
U.S.C. 150), is repealed.

SEC. 203. EFFECTIVE DATE.

This title and the amendment made by this title shall take effect
on October 1, 2000.

TITLE III--LIBRARY OF CONGRESS TRUST FUND BOARD AMENDMENTS

SEC. 301. ADDITION OF BOARD MEMBER.

The first sentence of the first paragraph of the first section of
the Act entitled ''An Act to create a Library of Congress Trust Fund
Board, and for other purposes,'' approved March 3, 1925 (2 U.S.C. 154)
is amended by inserting ''and vice chairman'' after ''chairman.''

SEC. 302. TEMPORARY EXTENSION OF BOARD MEMBER TERM.

The first paragraph of the first section of such Act (2 U.S.C. 154)
is amended by inserting after the first sentence the following: ''Upon
the request of the chairman of the Joint Committee on the Library, any
member whose term has expired may continue to serve on the Library of
Congress Trust Fund Board until the earlier of (A) the date on which
such member's successor is appointed, or (B) the end of the two-year
period beginning on the date such member's term expires.''.

SEC. 303. TRUST FUND BOARD QUORUM.

The third sentence of the first paragraph of the first section of
such Act (as amended by section 302) (2 U.S.C. 154) is amended by
striking ''Nine'' and inserting ''Seven''.
A:
(Sec. 102) Specifies the Fund service activities that may be conducted by Fund Service units.
(Sec. 103) Establishes the Library of Congress Revolving Fund, to be made available to the Librarian without fiscal year limitation, for the conduct of Fund service activities. Limits the obligations for such activities for any fiscal year to the total amounts specified in appropriations Acts for such fiscal year.
Authorizes the Librarian, in the operation of Fund activities, to enter into: (1) contracts for the lease and acquisition of goods and services for a period that begins in one fiscal year and ends in the next fiscal year; and (2) multi-year contracts for the acquisition of property and services in the same manner and to the same extent as the head of an executive agency may enter into such contracts under provisions of the Federal Property and Administrative Services Act.
(Sec. 105) Repeals provisions of the Legislative Branch Appropriations Act, 1998 establishing the Cooperative Acquisitions Program Revolving Fund for financing a Library program to acquire foreign publications and research materials on behalf of participating institutions on a cost-recovery basis.
Title II: Cataloging Products and Services
- Authorizes the Librarian of Congress to make cataloging products and services, created by the Library, available for purchase at prices that reflect as closely as practicable the cost of distribution over a reasonable period.
(Sec. 202) Repeals Federal law provisions that authorize the Librarian of Congress to sell copies of card indexes and other publications to institutions or individuals.
Title III: Library of Congress Trust Fund Board Amendments
- Revises the composition of the Library of Congress Trust Fund Board to include the vice chair of the Joint Committee on the Library. Provides for a temporary extension of Board members' terms. Decreases from nine to seven members the Board's quorum for the transaction of business.