14 U.S.C. § 650 : US Code - Section 650: Coast Guard Supply Fund

Search 14 U.S.C. § 650 : US Code - Section 650: Coast Guard Supply Fund

(a) A Coast Guard Supply Fund is authorized. The Secretary may
prescribe regulations for designating the classification of
materials to be stocked. In these regulations, whenever the fund is
extended to include items not previously stocked, or spare parts
obtained as part of a procurement under a different account of
major items such as vessels or aircraft, whether or not such parts
were previously stocked, the Secretary may authorize an increase in
the existing capital of the fund by the value of such usable
materials transferred thereto from Coast Guard inventories carried
in other accounts. Except for the materials so transferred, the
fund shall be charged with the cost of materials purchased or
otherwise acquired. The fund shall be credited with the value of
materials consumed, issued for use, sold, or otherwise disposed of,
such values to be determined on a basis that will approximately
cover the cost thereof.
(b) Obligations may, without regard to fiscal year limitations,
be incurred against anticipated reimbursement to the Coast Guard
Supply Fund in such amount and for such period, as the Secretary,
with approval of the Director of the Office of Management and
Budget, may determine to be necessary to maintain stock levels
consistently with planned operations for the next year.