§ 7107. — Joint management funds.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 31USC7107]
TITLE 31--MONEY AND FINANCE
SUBTITLE V--GENERAL ASSISTANCE ADMINISTRATION
CHAPTER 71--JOINT FUNDING SIMPLIFICATION
Sec. 7107. Joint management funds
(a) In supporting a project, a joint management fund may be
established to administer more effectively amounts received from more
than one assistance program or appropriation. A proportional share of
the amount required to pay a grantee shall be transferred periodically
to the fund from each program or appropriation. When a project is
completed, the grantee shall return to the fund an amount not expended.
(b) An account in a joint management fund is subject to an agreement
made by the heads of the executive agencies providing assistance for the
project about the responsibilities of each agency. An agreement shall--
(1) ensure the availability of necessary information to the
executive agencies and Congress;
(2) provide that the agency administering a fund is responsible
and accountable by program and appropriation for the amounts
provided for the purposes of each account in the fund; and
(3) include procedures for returning, subject to fiscal year
limitations, an excess amount to participating executive agencies
under the applicable appropriation. An excess amount of an expired
appropriation lapses from the fund.
(c) For each project financed through an account in a joint
management fund, a recipient of an amount from the fund shall keep
records prescribed by the head of the executive agency responsible for
administering the fund. The records shall include--
(1) the amount and disposition by the recipient of assistance
received under each program and appropriation;
(2) the total cost of the project for which assistance was given
or used;
(3) that part of the cost of the project provided from other
sources; and
(4) other records that will make it easier to carry out an
audit.
(d) Records of a recipient related to an amount received from a
joint management fund shall be made available to the head of the
executive agency responsible for administering the fund and the
Comptroller General for inspection and audit.
(e) For a project subject to a joint management fund, one non-
Government share may be established conforming to--
(1) the proportional shares applicable to the assistance
programs involved; and
(2) the proportional shares of an amount transferred to the
project account from each of the programs.
(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 1038.)
Historical and Revision Notes
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Revised Section Source (U.S. Code) Source (Statutes at Large)
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7107(a).............................. 42:4257(a). Dec. 5, 1974, Pub. L. 93-510, Sec. 8, 88
Stat. 1606.
7107(b).............................. 42:4257(b).
7107(c).............................. 42:4257(c).
7107(d).............................. 42:4257(d).
7107(e).............................. 42:4257(e).
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In subsection (a), the words ``to administer more effectively'' are
substituted for ``In order to provide the more effective
administration'' to eliminate unnecessary words. The words ``amounts
received'' are substituted for ``funds drawn'' for consistency. The
words ``A proportional share of the amount required to pay a grantee''
are substituted for ``proportionate share of amounts needed for payment
to the grantee'' because of the restatement. The words ``with respect to
such projects'', ``affected'', and ``from time to time'' are omitted as
unnecessary.
In subsection (b), before clause (1), the words ``made by the heads
of executive agencies'' are substituted for ``as may be entered into by
the Federal agencies concerned'' to eliminate unnecessary words. The
words ``providing assistance for the project about the responsibilities
of each agency'' are substituted for ``with respect to the discharge of
the responsibilities of those agencies'' for clarity. In clause (2), the
word ``established'' is omitted as unnecessary. In clause (3), the words
``for determining'', ``whether amounts in the account are in excess of
the amounts required'', and ``applicable to'' are omitted as
unnecessary. The words ``excess amount'' are substituted for ``that
excess'' for clarity.
In subsection (c), before clause (1), the words ``established
pursuant to this section'' are omitted as unnecessary. The words
``amount from'' are substituted for ``moneys drawn from'' for
consistency. The word ``include'' is substituted for ``as a minimum,
fully disclose'' to eliminate unnecessary words. In clause (4), the
words ``to carry out'' are added for clarity. The word ``effective'' is
omitted as unnecessary.
In subsection (d), the word ``Records'' is substituted for ``books,
documents, papers, and records'', and the words ``shall be made
available . . . for inspection and audit'' are substituted for ``shall
have access for the purpose of audit and examination to'', to eliminate
unnecessary words and for consistency in the revised title and with
other titles of the United States Code. The word ``related'' is
substituted for ``that are pertinent'', and the words ``an amount'' are
substituted for the word ``money'', for consistency. The words ``of the
United States'', and ``or any of their duly authorized representatives''
are omitted as unnecessary.
In subsection (e), the word ``For'' is substituted for ``in the case
of'' to eliminate unnecessary words. The words ``proportional shares''
are substituted for ``federal share ratios'' for clarity.
Section Referred to in Other Sections
This section is referred to in section 7108 of this title.
