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U.S. Code as of:
01/19/04
Section 278b. Working Capital Fund
(a) Utilization
The Institute is authorized to utilize in the performance of its
functions the Working Capital Fund established by the Act of June
29, 1950 (64 Stat. 275).
(b) Availability of Fund
The working capital of the fund shall be available for obligation
and payment for any activities authorized by this chapter, and for
any activities for which provision is made in the appropriations
which reimburse the fund.
(c) Reimbursements
In the performance of authorized activities, the Working Capital
Fund shall be available and may be reimbursed for expenses of hire
of automobile, hire of consultants, and travel to meetings, to the
extent that such expenses are authorized for the appropriations of
the Department of Commerce.
(d) Credits
The fund may be credited with advances and reimbursements,
including receipts from non-Federal sources, for services performed
under the authority of section 273 of this title.
(e) "Cost" defined
As used in this chapter, the term "cost" shall be construed to
include directly related expenses and appropriate charges for
indirect and administrative expenses.
(f) Distribution of earnings; restoration of prior impairment
The amount of any earned net income resulting from the operation
of the fund at the close of each fiscal year shall be paid into the
general fund of the Treasury: Provided, That such earned net income
may be applied to restore any prior impairment of the fund, and to
ensure the availability of working capital necessary to replace
equipment and inventories.
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