§ 579b. — Working capital fund; establishment; availability; transfer; capitalization; advance payments credited.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC579b]
TITLE 16--CONSERVATION
CHAPTER 3--FORESTS; FOREST SERVICE; REFORESTATION; MANAGEMENT
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 579b. Working capital fund; establishment; availability;
transfer; capitalization; advance payments credited
There is established a working capital fund which shall be available
without fiscal year limitation for expenses necessary, including the
purchase or construction of buildings and improvements within the
limitations thereon set forth in the appropriations for the Forest
Service, for furnishing supply and equipment services in support of
programs of the Forest Service. The Secretary of Agriculture is
authorized to transfer to the fund, without reimbursement, and to
capitalize in the fund at fair and reasonable values, such receivables,
inventories, equipment, and other assets as he may determine, and assume
the liabilities in connection with such assets: Provided, That the fund
shall be credited with advance payments in connection with firm orders
and reimbursements from appropriations and funds of the Forest Service,
other departmental and Federal agencies, and from other sources, as
authorized by law, at rates approximately equal to the cost of
furnishing the facilities and service.
(Aug. 3, 1956, ch. 950, Sec. 13, 70 Stat. 1034; Pub. L. 87-869, Sec. 10,
Oct. 23, 1962, 76 Stat. 1157.)
Amendments
1962--Pub. L. 87-869 struck out the $25,000,000 limitation on amount
of capitalization in Forest Service working capital fund.
