Revolving fund
ProvidedProvided furtherFor establishment of a revolving fund, to be available without fiscal year limitation, for expenses necessary for the maintenance and operation of the plant and equipment of the Corps of Engineers used in civil works functions, including acquisition of plant and equipment, maintenance, repair, and purchase, operation, and maintenance of not to exceed four aircraft at any one time, temporary financing of services finally chargeable to appropriations for civil works functions, and the furnishing of facilities and services for military functions of the Department of the Army and other Government agencies and private persons, as authorized by law. In addition, the Secretary of the Army is authorized to provide capital for the fund by capitalizing the present inventories, plant and equipment of the civil works functions of the Corps of Engineers. The fund shall be credited with reimbursements or advances for the cost of equipment, facilities, and services furnished, at rates which shall include charges for overhead and related expenses, depreciation of plant and equipment, and accrued leave: , That on , (1) the fund shall assume the assets, liabilities, and obligations of the Plant accounts, as carried on the records of the Corps of Engineers as of , under the appropriations for “Maintenance and improvement of existing river and harbor works”, “Flood control, general”, and “Flood control, Mississippi River and tributaries”, and (2) there shall be transferred from said appropriations to the fund amounts equivalent to the unexpended cash balances of the Plant accounts on : , That the total capital of said fund shall not exceed $140,000,000.
Prohibition
In general
No funds may be expended or obligated from the revolving fund described in subsection (a) to newly construct, or perform a major renovation on, a building for use by the Corps of Engineers unless specifically authorized by law.
Statutory construction
Transmission to Congress of prospectus
Provision of building project surveys
In general
If requested by resolution by the Committee on Environment and Public Works of the Senate or the Committee on Transportation and Infrastructure of the House of Representatives, the Secretary shall create a building project survey for the construction or major renovation of a building described in subsection (b).
Report
Within a reasonable time after creating a building project survey under paragraph (1), the Secretary shall submit to Congress a report on the survey that includes the information required to be included in a prospectus under subsection (c).
Major renovation defined
In this section, the term “major renovation” means a renovation or alteration of a building for use by the Corps of Engineers with a total expenditure of more than $20,000,000.
July 27, 1953, ch. 245, § 10167 Stat. 199Pub. L. 114–322, title I, § 1160130 Stat. 1667(, ; , , .)
Editorial Notes
References in Text
Subchapter I of chapter 169 of title 10, referred to in subsec. (b)(2)(A), probably means subchapter I (§ 2801 et seq.) of chapter 169 of Title 10, Armed Forces.
Codification
section 190b of Title 10act Aug. 10, 1956, ch. 1041, § 170A Stat. 1Section was formerly classified to prior to the general revision and enactment of Title 10, Armed Forces, by , .
Amendments
Pub. L. 114–3222016— designated existing provisions as subsec. (a), inserted heading, and added subsecs. (b) to (e).
Statutory Notes and Related Subsidiaries
Headquarters Aircraft; Transfer and Reassignment of Property Accountability to Army Military Activity
Pub. L. 101–101, title I, § 105103 Stat. 649
Retention of Three Operational Aircraft; Notice of Intended Use Outside United States
Pub. L. 100–202, § 101(d) [title I, § 110]101 Stat. 1329–104