§ 701b-10. — Revolving fund; establishment; availability; reimbursement; transfer of funds; limitation.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 33USC701b-10]
TITLE 33--NAVIGATION AND NAVIGABLE WATERS
CHAPTER 15--FLOOD CONTROL
Sec. 701b-10. Revolving fund; establishment; availability;
reimbursement; transfer of funds; limitation
There is established a revolving fund, to be available without
fiscal year limitation, for expenses necessary for the maintenance and
operation of the plant and equipment of the Corps of Engineers used in
civil works functions, including acquisition of plant and equipment,
maintenance, repair, and purchase, operation, and maintenance of not to
exceed four aircraft at any one time, temporary financing of services
finally chargeable to appropriations for civil works functions, and the
furnishing of facilities and services for military functions of the
Department of the Army and other Government agencies and private
persons, as authorized by law, $100; and in addition, the Secretary of
the Army is authorized to provide capital for the fund by capitalizing
the present inventories, plant and equipment of the civil works
functions of the Corps of Engineers. The fund shall be credited with
reimbursements or advances for the cost of equipment, facilities, and
services furnished, at rates which shall include charges for overhead
and related expenses, depreciation of plant and equipment, and accrued
leave: Provided, That on July 1, 1953, (1) the fund shall assume the
assets, liabilities, and obligations of the Plant accounts, as carried
on the records of the Corps of Engineers as of June 30, 1953, under the
appropriations for ``Maintenance and improvement of existing river and
harbor works'', ``Flood control, general'', and ``Flood control,
Mississippi River and tributaries'', and (2) there shall be transferred
from said appropriations to the fund amounts equivalent to the
unexpended cash balances of the Plant accounts on June 30, 1953:
Provided further, That the total capital of said fund shall not exceed
$140,000,000.
(July 27, 1953, ch. 245, Sec. 101, 67 Stat. 199.)
Codification
Section is also set out as section 576 of this title.
Section was formerly classified to section 190b of Title 10 prior to
the general revision and enactment of Title 10, Armed Forces, by act
Aug. 10, 1956, ch. 1041, 70A Stat. 1.
Retention of Three Operational Aircraft; Notice of Intended Use Outside
United States
For provision relating to retention, use, and disposal of three
operational aircraft by Chief of Engineers, see section 101(d) [title I,
Sec. 110] of Pub. L. 100-202, set out as a note under section 576 of
this title.
