15-U.S.C.-278B
§278B – Working Capital Fund
Pathway
Title 15 > Chapter 7 > Section 278b
Details
- Reference: Section 278b
- Legend: §278B – Working Capital Fund
- USCode Year: 2013
Provision Content
(a) Utilization
The Institute is authorized to utilize in the performance of its functions the Working Capital Fund established by the Act of June 29, 1950 (64 Stat. 275).
(b) Availability of Fund
The working capital of the fund shall be available for obligation and payment for any activities authorized by this chapter, and for any activities for which provision is made in the appropriations which reimburse the fund.
(c) Reimbursements
In the performance of authorized activities, the Working Capital Fund shall be available and may be reimbursed for expenses of hire of automobile, hire of consultants, and travel to meetings, to the extent that such expenses are authorized for the appropriations of the Department of Commerce.
(d) Credits
The fund may be credited with advances and reimbursements, including receipts from non-Federal sources, for services performed under the authority of section 273 of this title.
(e) Cost defined
As used in this chapter, the term cost shall be construed to include directly related expenses and appropriate charges for indirect and administrative expenses.
(f) Distribution of earnings; restoration of prior impairment
The amount of any earned net income resulting from the operation of the fund at the close of each fiscal year shall be paid into the general fund of the Treasury: Provided, That such earned net income may be applied to restore any prior impairment of the fund, and to ensure the availability of working capital necessary to replace equipment and inventories.
(Mar. 3, 1901, ch. 872, §12, as added Aug. 3, 1956, ch. 906, §2, 70 Stat. 959; amended Pub. L. 95–322, §2(a), July 21, 1978, 92 Stat. 395; Pub. L. 99–73, §5(a), July 29, 1985, 99 Stat. 172; Pub. L. 100–418, title V, §5115(a)(1), Aug. 23, 1988, 102 Stat. 1433.)
References in Text
Act of June 29, 1950 (64 Stat. 275), referred to in subsec. (a), was the Deficiency Appropriation Act, 1950. Provisions thereof relating to Working Capital Fund are not classified to the Code.
Prior Provisions
A prior section 12 of act Mar. 3, 1901, ch. 872, as added by act July 22, 1950, ch. 486, §2, 64 Stat. 373, related to equipment purchased by Department of Commerce to carry out investigations, prior to repeal by act Aug. 3, 1956.
Amendments
1988—Subsec. (a). Pub. L. 100–418 substituted Institute for National Bureau of Standards.
1985—Subsec. (f). Pub. L. 99–73 struck out first after may be applied, and inserted provisions relating to working capital for replacement of equipment and inventories.
1978—Subsec. (a). Pub. L. 95–322 struck out , and additional amounts as from time to time may be required for the purposes of said fund are authorized to be appropriated after (64 Stat. 275).
Effective Date of 1985 Amendment
Amendment by Pub. L. 99–73 effective Oct. 1, 1984, see section 5(c) of Pub. L. 99–73, set out as an Effective Date note under section 275c of this title.
U.S. Encyclopedia of Law Coverage
15-U.S.C.-275A in the Legal Encyclopedia: Trade Law
In this entry about 15-U.S.C.-275A, find legal reference material, bibliographies and premiere content related to trade law in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade law-specific issues, written by authorities in the field.
15-U.S.C.-251 in the Legal Encyclopedia: Standards
In this entry about 15-U.S.C.-251, find legal reference material, bibliographies and premiere content related to standards in the American Encyclopedia of Law, presenting a comprehensive view of the United States standards-specific issues, written by authorities in the field.
15-U.S.C.-278A in the Legal Encyclopedia: Research
In this entry about 15-U.S.C.-278A, find legal reference material, bibliographies and premiere content related to research in the American Encyclopedia of Law, presenting a comprehensive view of the United States research-specific issues, written by authorities in the field.
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