10-U.S.C.-432
§432 – Use, Disposition, and Auditing of Funds
Pathway
Title 10 > Subtitle A > Part I > Chapter 21 > Subchapter II > Section 432
Details
- Reference: Section 432
- Legend: §432 – Use, Disposition, and Auditing of Funds
- USCode Year: 2013
Provision Content
(a) Use of Funds.—Funds generated by a commercial activity authorized pursuant to this subchapter may be used to offset necessary and reasonable expenses arising from that activity. Use of such funds for that purpose shall be kept to the minimum necessary to conduct the activity concerned in a secure manner. Any funds generated by the activity in excess of those required for that purpose shall be deposited, as often as may be practicable, into the Treasury as miscellaneous receipts.
(b) Audits.—(1) The Secretary of Defense shall assign an organization within the Department of Defense to have auditing responsibility with respect to activities authorized under this subchapter.
(2) That organization shall audit the use and disposition of funds generated by any commercial activity authorized under this subchapter not less often than annually. The results of all such audits shall be promptly reported to the congressional defense committees and the congressional intelligence committees (as defined in section 437(c) of this title).
(Added Pub. L. 102–88, title V, §504(a)(2), Aug. 14, 1991, 105 Stat. 438; amended Pub. L. 113–66, div. A, title IX, §921(a), Dec. 26, 2013, 127 Stat. 827.)
Amendments
2013—Subsec. (b)(2). Pub. L. 113–66 substituted the congressional defense committees and the congressional intelligence committees (as defined in section 437(c) of this title). for the intelligence committees (as defined in section 437(d) of this title).
U.S. Encyclopedia of Law Coverage
10-U.S.C.-431 in the Legal Encyclopedia: General Military Law
In this entry about 10-U.S.C.-431, find legal reference material, bibliographies and premiere content related to general military law in the American Encyclopedia of Law, presenting a comprehensive view of the United States general military law-specific issues, written by authorities in the field.
10-U.S.C.-424 in the Legal Encyclopedia: Military Organization
In this entry about 10-U.S.C.-424, find legal reference material, bibliographies and premiere content related to military organization in the American Encyclopedia of Law, presenting a comprehensive view of the United States military organization-specific issues, written by authorities in the field.
Title 10 – Armed Forces in the Legal Encyclopedia: Department of Defense
In this entry about Title 10 – Armed Forces, find legal reference material, bibliographies and premiere content related to department of defense in the American Encyclopedia of Law, presenting a comprehensive view of the United States department of defense-specific issues, written by authorities in the field.
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