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U.S. Code as of:
01/19/04
Section 687. Coast Guard Housing Fund
(a) Establishment. - There is hereby established on the books of
the Treasury an account to be known as the Coast Guard Housing Fund
(in this section referred to as the "Fund").
(b) Credits to Fund. - There shall be credited to the Fund the
following:
(1) Amounts authorized for and appropriated to that Fund.
(2) Subject to subsection (e), any amounts that the Secretary
transfers, in such amounts as provided in appropriation Acts, to
that Fund from amounts authorized and appropriated to the
Department of Homeland Security or Coast Guard for the
acquisition or construction of military family housing or
unaccompanied housing.
(3) Proceeds from the conveyance or lease of property or
facilities under section 685 of this title for the purpose of
carrying out activities under this chapter with respect to
military family and military unaccompanied housing.
(4) Income from any activities under this chapter, including
interest on loan guarantees made under section 682 of this title,
income and gains realized from investments under section 684 of
this title, and any return of capital invested as part of such
investments.
(c) Use of Amounts in Fund. - (1) In such amounts as provided in
appropriation Acts and except as provided in subsection (d), the
Secretary may use amounts in the Coast Guard Housing Fund to carry
out activities under this chapter with respect to military family
and military unaccompanied housing units, including activities
required in connection with the planning, execution, and
administration of contracts entered into under the authority of
this chapter.
(2) Amounts made available under this subsection shall remain
available until expended.
(d) Limitation on Obligations. - The Secretary may not incur an
obligation under a contract or other agreements entered into under
this chapter in excess of the unobligated balance, at the time the
contract is entered into, of the Fund required to be used to
satisfy the obligation.
(e) Notification Required for Transfers. - A transfer of
appropriated amounts to the Fund under subsection (b)(2) or (b)(3)
of this section may be made only after the end of a 30-day period
beginning on the date the Secretary submits written notice of, and
justification for, the transfer to the appropriate committees of
Congress.
(f) Limitation on Amount of Budget Authority. - The total value
in budget authority of all contracts and investments undertaken
using the authorities provided in this chapter shall not exceed
$40,000,000.
(g) Demonstration Project Authorized. - To promote efficiencies
through the use of alternative procedures for expediting new
housing projects, the Secretary -
(1) may develop and implement a demonstration project for
acquisition or construction of military family housing and
military unaccompanied housing on or near the Coast Guard
installation at Kodiak, Alaska;
(2) in implementing the demonstration project, shall utilize,
to the maximum extent possible, the contracting authority of the
Small Business Administration's section 8(a) program;
(3) shall, to the maximum extent possible, acquire or construct
such housing through contracts with small business concerns
qualified under section 8(a) of the Small Business Act (15 U.S.C.
637(a)) that have their principal place of business in the State
of Alaska; and
(4) shall report to Congress by September 1 of each year on the
progress of activities under the demonstration project.
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