Sec. 4. Federal Capital Revolving Fund
155 words·~1 min read·
/bill/117/s/1926/is/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is established in the Treasury of the United States a fund, to be known as the Federal Capital Revolving Fund , consisting of the amounts deposited under subsection (b), to be administered by the Administrator. The Secretary of the Treasury shall deposit in the Fund— as soon as practicable after the date of enactment of this Act, out of any funds in the Treasury not otherwise appropriated, $10,000,000,000 to capitalize the Fund; and any amounts received from purchasing agencies through repayments under section 6.
Amounts in the Fund shall— be used only for the purpose described in subsection (d)(1); and remain available until expended. Amounts in the Fund— shall be available only on approval of a purchase transfer to a purchasing agency to pay the costs of an eligible agency project, in accordance with this Act; and may not be transferred or reprogrammed for any purpose other than the purpose specified in paragraph (1).