29 U.S.C. § 563 : US Code - Section 563: Working capital fund; establishment; availability; capitalization; reimbursement

Search 29 U.S.C. § 563 : US Code - Section 563: Working capital fund; establishment; availability; capitalization; reimbursement

There is established a working capital fund, to be available
without fiscal year limitation, for expenses necessary for the
maintenance and operation of (1) a central reproduction service;
(2) a central visual exhibit service; (3) a central supply service
for supplies and equipment for which adequate stocks may be
maintained to meet in whole or in part the requirements of the
Department; (4) a central tabulating service; (5) telephone, mail
and messenger services; (6) a central accounting and payroll
service; and (7) a central laborers' service: Provided, That any
stocks of supplies and equipment on hand or on order shall be used
to capitalize such fund: Provided further, That such fund shall be
reimbursed in advance from funds available to bureaus, offices, and
agencies for which such centralized services are performed at rates
which will return in full all expenses of operation, including
reserves for accrued annual leave and depreciation of equipment:
Provided further, That within the Working Capital Fund, there is
established an Investment in Reinvention Fund (IRF), which shall be
available to invest in projects of the Department designed to
produce measurable improvements in agency efficiency and
significant taxpayer savings. Notwithstanding any other provision
of law, the Secretary of Labor may retain up to $3,900,000 of the
unobligated balances in the Department's annual Salaries and
Expenses accounts as of September 30, 1995, and transfer those
amounts to the IRF to provide the initial capital for the IRF, to
remain available until expended, to make loans to agencies of the
Department for projects designed to enhance productivity and
generate cost savings. Such loans shall be repaid to the IRF no
later than September 30 of the fiscal year following the fiscal
year in which the project is completed. Such repayments shall be
deposited in the IRF, to be available without further appropriation
action: Provided further, That the Secretary of Labor may transfer
annually an amount not to exceed $3,000,000 from unobligated
balances in the Department's salaries and expenses accounts, to the
unobligated balance of the Working Capital Fund, to be merged with
such Fund and used for the acquisition of capital equipment and the
improvement of financial management, information technology and
other support systems, and to remain available until expended:
Provided further, That the unobligated balance of the Fund shall
not exceed $20,000,000..(!1)