§ 563. — Working capital fund; establishment; availability; capitalization; reimbursement.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 29USC563]
TITLE 29--LABOR
CHAPTER 12--DEPARTMENT OF LABOR
Sec. 563. Working capital fund; establishment; availability;
capitalization; reimbursement
There is established a working capital fund, to be available without
fiscal year limitation, for expenses necessary for the maintenance and
operation of (1) a central reproduction service; (2) a central visual
exhibit service; (3) a central supply service for supplies and equipment
for which adequate stocks may be maintained to meet in whole or in part
the requirements of the Department; (4) a central tabulating service;
(5) telephone, mail and messenger services; (6) a central accounting and
payroll service; and (7) a central laborers' service: Provided, That any
stocks of supplies and equipment on hand or on order shall be used to
capitalize such fund: Provided further, That such fund shall be
reimbursed in advance from funds available to bureaus, offices, and
agencies for which such centralized services are performed at rates
which will return in full all expenses of operation, including reserves
for accrued annual leave and depreciation of equipment: Provided
further, That within the Working Capital Fund, there is established an
Investment in Reinvention Fund (IRF), which shall be available to invest
in projects of the Department designed to produce measurable
improvements in agency efficiency and significant taxpayer savings.
Notwithstanding any other provision of law, the Secretary of Labor may
retain up to $3,900,000 of the unobligated balances in the Department's
annual Salaries and Expenses accounts as of September 30, 1995, and
transfer those amounts to the IRF to provide the initial capital for the
IRF, to remain available until expended, to make loans to agencies of
the Department for projects designed to enhance productivity and
generate cost savings. Such loans shall be repaid to the IRF no later
than September 30 of the fiscal year following the fiscal year in which
the project is completed. Such repayments shall be deposited in the IRF,
to be available without further appropriation action: Provided further,
That the Secretary of Labor may transfer annually an amount not to
exceed $3,000,000 from unobligated balances in the Department's salaries
and expenses accounts, to the unobligated balance of the Working Capital
Fund, to be merged with such Fund and used for the acquisition of
capital equipment and the improvement of financial management,
information technology and other support systems, and to remain
available until expended: Provided further, That the unobligated balance
of the Fund shall not exceed $20,000,000..\1\
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\1\ So in original.
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(Pub. L. 85-67, title I, Sec. 101, June 29, 1957, 71 Stat. 210; Pub. L.
86-703, title I, Sec. 101, Sept. 2, 1960, 74 Stat. 755; Pub. L. 104-134,
title I, Sec. 101(d) [title I], Apr. 26, 1996, 110 Stat. 1321-211, 1321-
219; renumbered title I, Pub. L. 104-140, Sec. 1(a), May 2, 1996, 110
Stat. 1327; Pub. L. 105-78, title I, Nov. 13, 1997, 111 Stat. 1476.)
Codification
Section was formerly classified to section 622a of Title 5 prior to
the general revision and enactment of Title 5, Government Organization
and Employees, by Pub. L. 89-554, Sec. 1, Sept. 1, 1966, 80 Stat. 378.
Amendments
1997--Pub. L. 105-78 struck out period at end and inserted ``:
Provided further, That the Secretary of Labor may transfer annually an
amount not to exceed $3,000,000 from unobligated balances in the
Department's salaries and expenses accounts, to the unobligated balance
of the Working Capital Fund, to be merged with such Fund and used for
the acquisition of capital equipment and the improvement of financial
management, information technology and other support systems, and to
remain available until expended: Provided further, That the unobligated
balance of the Fund shall not exceed $20,000,000.'' after
``appropriation action''.
1996--Pub. L. 104-134 inserted before period at end ``: Provided
further, That within the Working Capital Fund, there is established an
Investment in Reinvention Fund (IRF), which shall be available to invest
in projects of the Department designed to produce measurable
improvements in agency efficiency and significant taxpayer savings.
Notwithstanding any other provision of law, the Secretary of Labor may
retain up to $3,900,000 of the unobligated balances in the Department's
annual Salaries and Expenses accounts as of September 30, 1995, and
transfer those amounts to the IRF to provide the initial capital for the
IRF, to remain available until expended, to make loans to agencies of
the Department for projects designed to enhance productivity and
generate cost savings. Such loans shall be repaid to the IRF no later
than September 30 of the fiscal year following the fiscal year in which
the project is completed. Such repayments shall be deposited in the IRF,
to be available without further appropriation action.''
1960--Pub. L. 86-703 made fund available for maintenance and
operation of a central tabulating service, a central accounting and
payroll service, and a central laborers' service.
