§ 648. — Accounting for industrial work.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 14USC648]
TITLE 14--COAST GUARD
PART I--REGULAR COAST GUARD
CHAPTER 17--ADMINISTRATION
Sec. 648. Accounting for industrial work
The Secretary may prescribe regulations governing accounting for
industrial work, including charges for overhead for civilian labor and
for maintenance of industrial plant and equipment, performed at the
Coast Guard Yard or such similar Coast Guard industrial establishments
as he may designate. Any orders placed for such industrial work shall be
covered by a transfer or advance of funds to cover the estimated cost
thereof, and shall be credited to such accounts as may be necessary and
established by the Secretary to carry out the provisions of this
section. Accounts so established shall be available for materials,
supplies, or equipment, and civilian labor, including overhead and
maintenance, required in performing the work ordered. Upon completion of
an order an adjustment will be made to make the amount transferred or
advanced equal to the actual cost as computed in accordance with the
accounting regulations prescribed by the Secretary.
(Aug. 4, 1949, ch. 393, 63 Stat. 549.)
Historical and Revision Notes
This section is intended to eliminate a very cumbersome and
inefficient method of accounting for industrial jobs at the Coast Guard
Yard and other shore establishments where industrial work may be
undertaken. Under existing law several accounts must be kept current for
each job in progress. Under this statute the working fund would be
available for all types of expenditures in connection with a job and the
breakdown into separate accounts could be done after the job is
complete. The other armed forces have provisions of law which permit a
working fund similar to the one provided by this section. 81st Congress,
House Report No. 557.
