
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 31USC322]

 
                       TITLE 31--MONEY AND FINANCE
 
                           SUBTITLE I--GENERAL
 
                  CHAPTER 3--DEPARTMENT OF THE TREASURY
 
                      SUBCHAPTER II--ADMINISTRATIVE
 
Sec. 322. Working capital fund

    (a) The Department of the Treasury has a working capital fund. 
Amounts in the fund are available for expenses of operating and 
maintaining common administrative services of the Department that the 
Secretary of the Treasury, with the approval of the Director of the 
Office of Management and Budget, decides may be carried out more 
advantageously and more economically as central services.
    (b) Amounts in the fund remain available until expended. Amounts may 
be appropriated to the fund.
    (c) The fund consists of--
        (1) amounts appropriated to the fund;
        (2) to the extent transferred to the fund by the Secretary, the 
    reasonable value of supply inventories, equipment, and other assets 
    and inventories on order for providing services out of amounts in 
    the fund, less related liabilities and unpaid obligations;
        (3) amounts received from the sale or exchange of property; and
        (4) payments received for loss or damage to property of the 
    fund.

    (d) The fund shall be reimbursed, or credited with advance payments, 
from amounts available to the Department or from other sources, for 
supplies and services at rates that will equal the expenses of 
operation, including accrual of annual leave and the depreciation of 
plant and equipment. Amounts the Secretary decides are in excess of the 
needs of the fund shall be deposited at the end of each fiscal year in 
the Treasury as miscellaneous receipts.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 881; Pub. L. 98-369, div. A, 
title IV, Sec. 442, July 18, 1984, 98 Stat. 816.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
322(a)...............................  31:1033(1st sentence less       Dec. 31,
 1970, Pub. L. 91-614, Sec.  401,
                                        words between 1st and 3d        84 Stat
. 1846.
                                        commas, 2d sentence 1st-9th
                                        words).
322(b)...............................  31:1033(1st sentence words
                                        between 1st and 3d commas,
                                        last sentence).
322(c)...............................  31:1033(2d sentence less 1st-
                                        9th words, 4th sentence).
322(d)...............................  31:1033(3d, 5th sentences).
-------------------------------------------------------------------------------
---------------------------------

    In subsection (a), the words ``Amounts in the fund are available'' 
are added because of the restatement.
    In subsection (b), the words ``Amounts in the fund remain available 
until expended'' are substituted for ``shall be available, without 
fiscal year limitation'' for consistency in the revised title.
    In subsection (c)(1), the words ``amounts appropriated to the fund'' 
are substituted for ``any appropriations made for the purpose of 
providing capital'' to eliminate unnecessary words. In clause (2), the 
word ``reasonable'' is substituted for ``fair and reasonable'' because 
it is inclusive.
    In subsection (d), the words ``other Federal agencies'' are omitted 
because they are included in ``other sources''.


                               Amendments

    1984--Subsec. (a). Pub. L. 98-369 struck out provision placing a 
$1,000,000 limitation on fund.
