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Code · BILL · 117th Congress · S. 1926 (Introduced in Senate) — To establish a Federal Capital Revolving Fund to assist Federal agencies in purchasing capital assets, and for other... · Sec. 3

Sec. 3. Definitions

425 words·~2 min read·/bill/117/s/1926/is/section-3

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In this Act: The term Administrator means the Administrator of General Services. The term agency means any agency included in a list under paragraph
(1)or
(2)of section 901(b) of title 31, United States Code. The term agency does not include the Department of Defense. The term discretionary appropriations has the meaning given that term in section 250(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 900(c) ). The term eligible agency project means an action by an agency— to acquire (including any related activity relating to siting, design, management and inspection, construction, or commissioning, and including all costs associated with temporary space and the acquisition of associated furniture, fixtures, and equipment necessary to furnish the Federal facility for initial occupancy) a facility for use by the agency as a Federal facility, through— purchase; construction; manufacture; lease-purchase; installment purchase; outlease-leaseback; exchange; or modernization by renovation; to pay to the Administrator an administrative fee for each acquisition described in clause (i), in accordance with section 5(h); and the total cost of which is not less than $250,000,000. The term eligible agency project does not include— an acquisition for resale in the ordinary course of agency operations; the acquisition of any consumable good, such as operating materials or supplies; an activity for normal maintenance or repair of real property; the payment of any salary or other operating expense of an agency; the provision by an agency to any non-Federal individual or entity of— a grant; a tax incentive; or a Federal credit assistance instrument; or the execution of any capital lease pursuant to which title does not automatically pass to the Federal Government. The term Federal facility means a structure on real property— that has a useful life of not less than 25 years, as determined by the Administrator; and within which 1 or more Federal employees or personnel carry out, or are proposed to carry out, an agency mission. The term Fund means the Federal Capital Revolving Fund established by section 4(a). The term GSA-affected agency means an agency that acquires real property through the General Services Administration pursuant to section 3307 of title 40, United States Code. The term purchase transfer means an amount that is— approved by an appropriations Act to be transferred from the Fund to a purchasing agency under section 5; and not less than the amount required under section 5(d). The term purchasing agency means an agency that receives from the Fund a purchase transfer to pay the cost of an eligible agency project.
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Sec. 3
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