Working capital fund

Source Credit

(a) Establishment.—There is hereby established in the United States Treasury an Administration working capital fund.
(b) Availability of Amounts.—
(1) In general.—Amounts in the fund are available for financing activities, services, equipment, information, and facilities as authorized by law to be provided—
(A) within the Administration;
(B) to other agencies or instrumentalities of the United States;
(C) to any State, territory, or possession or political subdivision thereof;
(D) to other public or private agencies; or
(E) to any person, firm, association, corporation, or educational institution on a reimbursable basis.
(2) Capital repairs.—The fund shall also be available for the purpose of funding capital repairs, renovations, rehabilitation, sustainment, demolition, or replacement of Administration real property, on a reimbursable basis within the Administration.
(3) Information technology (it) modernization.—The fund shall also be available for the purpose of funding IT Modernization activities, as described in section 1077(b)(3)(A)–(E) of Public Law 115–91, on a non-reimbursable basis.
(4) No fiscal year limitation.—Amounts in the fund are available without regard to fiscal year limitation.
(c) Contents.—The capital of the fund consists of—
(1) amounts appropriated to the fund;
(2) the reasonable value of stocks of supplies, equipment, and other assets and inventories on order that the Administrator transfers to the fund, less the related liabilities and unpaid obligations;
(3) payments received for loss or damage to property of the fund; and
(4) refunds or rebates received on an on-going basis from a credit card services provider under the National Aeronautics and Space Administration's credit card programs.
(d) Reimbursement.—The fund shall be reimbursed, in advance, for supplies and services at rates that will approximate the expenses of operation, such as the accrual of annual leave, depreciation of plant, property, and equipment, and overhead.

History

(Pub. L. 111–314, §3, Dec. 18, 2010, 124 Stat. 3357; Pub. L. 113–6, div. B, title III, Mar. 26, 2013, 127 Stat. 264; Pub. L. 117–328, div. B, title III, Dec. 29, 2022, 136 Stat. 4549.)

Editorial Notes

Editorial Notes

References in Text
Section 1077(b)(3)(A)–(E) of Public Law 115–91, referred to in subsec. (b)(3), is section 1077(b)(3)(A)–(E) of Pub. L. 115–91, div. A, title X, subtitle G, Dec. 12, 2017, 131 Stat. 1587, which is set out in a note under section 11301 of Title 40, Public Buildings, Property, and Works.

Amendments
2022—Subsec. (b)(3), (4). Pub. L. 117–328 added par. (3) and redesignated former par. (3) as (4).
2013—Subsec. (c)(4). Pub. L. 113–6 added par. (4).

Statutory Notes and Related Subsidiaries

Establishment of the National Aeronautics and Space Administration Nonrecurring Expenses Fund
Pub. L. 119–74, div. A, title III, Jan. 23, 2026, 140 Stat. 44, provided that: "There is hereby established in the Treasury of the United States a fund to be known as the 'National Aeronautics and Space Administration Nonrecurring Expenses Fund' (the Fund). Unobligated balances of expired discretionary funds appropriated for this or any succeeding fiscal year from the General Fund of the Treasury to the National Aeronautics and Space Administration (NASA) by this or any other Act may be transferred (not later than the end of the fifth fiscal year after the last fiscal year for which such funds are available for the purposes for which appropriated) into the Fund. Amounts deposited in the Fund shall be available until expended, and in addition to such other funds as may be available for such purposes, for facilities infrastructure improvements, including nonrecurring maintenance, necessary for the operation of NASA, subject to approval by the Office of Management and Budget. Amounts in the Fund may not be available for the purpose described in subsection (b)(3) of section 30102 of title 51, United States Code. Amounts in the Fund may be obligated only after the Committees on Appropriations of the House of Representatives and the Senate are notified at least 30 days in advance of the planned use of funds."