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U.S. Code as of:
01/19/04
Section 648. Accounting for industrial work
The Secretary may prescribe regulations governing accounting for
industrial work, including charges for overhead for civilian labor
and for maintenance of industrial plant and equipment, performed at
the Coast Guard Yard or such similar Coast Guard industrial
establishments as he may designate. Any orders placed for such
industrial work shall be covered by a transfer or advance of funds
to cover the estimated cost thereof, and shall be credited to such
accounts as may be necessary and established by the Secretary to
carry out the provisions of this section. Accounts so established
shall be available for materials, supplies, or equipment, and
civilian labor, including overhead and maintenance, required in
performing the work ordered. Upon completion of an order an
adjustment will be made to make the amount transferred or advanced
equal to the actual cost as computed in accordance with the
accounting regulations prescribed by the Secretary.
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