§ 687. — Coast Guard Housing Fund.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 14USC687]
TITLE 14--COAST GUARD
PART I--REGULAR COAST GUARD
CHAPTER 18--COAST GUARD HOUSING AUTHORITIES
Sec. 687. Coast Guard Housing Fund
(a) Establishment.--There is hereby established on the books of the
Treasury an account to be known as the Coast Guard Housing Fund (in this
section referred to as the ``Fund'').
(b) Credits to Fund.--There shall be credited to the Fund the
following:
(1) Amounts authorized for and appropriated to that Fund.
(2) Subject to subsection (e), any amounts that the Secretary
transfers, in such amounts as provided in appropriation Acts, to
that Fund from amounts authorized and appropriated to the Department
of Homeland Security or Coast Guard for the acquisition or
construction of military family housing or unaccompanied housing.
(3) Proceeds from the conveyance or lease of property or
facilities under section 685 of this title for the purpose of
carrying out activities under this chapter with respect to military
family and military unaccompanied housing.
(4) Income from any activities under this chapter, including
interest on loan guarantees made under section 682 of this title,
income and gains realized from investments under section 684 of this
title, and any return of capital invested as part of such
investments.
(c) Use of Amounts in Fund.--(1) In such amounts as provided in
appropriation Acts and except as provided in subsection (d), the
Secretary may use amounts in the Coast Guard Housing Fund to carry out
activities under this chapter with respect to military family and
military unaccompanied housing units, including activities required in
connection with the planning, execution, and administration of contracts
entered into under the authority of this chapter.
(2) Amounts made available under this subsection shall remain
available until expended.
(d) Limitation on Obligations.--The Secretary may not incur an
obligation under a contract or other agreements entered into under this
chapter in excess of the unobligated balance, at the time the contract
is entered into, of the Fund required to be used to satisfy the
obligation.
(e) Notification Required for Transfers.--A transfer of appropriated
amounts to the Fund under subsection (b)(2) or (b)(3) of this section
may be made only after the end of a 30-day period beginning on the date
the Secretary submits written notice of, and justification for, the
transfer to the appropriate committees of Congress.
(f) Limitation on Amount of Budget Authority.--The total value in
budget authority of all contracts and investments undertaken using the
authorities provided in this chapter shall not exceed $40,000,000.
(g) Demonstration Project Authorized.--To promote efficiencies
through the use of alternative procedures for expediting new housing
projects, the Secretary--
(1) may develop and implement a demonstration project for
acquisition or construction of military family housing and military
unaccompanied housing on or near the Coast Guard installation at
Kodiak, Alaska;
(2) in implementing the demonstration project, shall utilize, to
the maximum extent possible, the contracting authority of the Small
Business Administration's section 8(a) program;
(3) shall, to the maximum extent possible, acquire or construct
such housing through contracts with small business concerns
qualified under section 8(a) of the Small Business Act (15 U.S.C.
637(a)) that have their principal place of business in the State of
Alaska; and
(4) shall report to Congress by September 1 of each year on the
progress of activities under the demonstration project.
(Added Pub. L. 104-324, title II, Sec. 208(a), Oct. 19, 1996, 110 Stat.
3912; amended Pub. L. 107-295, title IV, Sec. 402(b), (c), Nov. 25,
2002, 116 Stat. 2114; Pub. L. 107-296, title XVII, Sec. 1704(a), Nov.
25, 2002, 116 Stat. 2314.)
Amendments
2002--Subsec. (b)(2). Pub. L. 107-296 substituted ``of Homeland
Security'' for ``of Transportation''.
Subsec. (f). Pub. L. 107-295, Sec. 402(b), substituted
``$40,000,000'' for ``$20,000,000''.
Subsec. (g). Pub. L. 107-295, Sec. 402(c), added subsec. (g).
Effective Date of 2002 Amendment
Amendment by Pub. L. 107-296 effective on the date of transfer of
the Coast Guard to the Department of Homeland Security, see section
1704(g) of Pub. L. 107-296, set out as a note under section 101 of Title
10, Armed Forces.
Section Referred to in Other Sections
This section is referred to in section 682 of this title.
