40 U.S.C. § 321: Acquisition Services Fund

The Acquisition Services Fund is a special fund in the Treasury. The Fund is composed of amounts authorized to be transferred to the Fund or otherwise made available to the Fund. the net proceeds of disposal of surplus personal property; and receipts from carriers and others for loss of, or damage to, personal property; and receipts from agencies charged fees pursuant to rates established by the Administrator. The Administrator shall determine the cost and capital requirements of the Fund for each fiscal year and shall develop a plan concerning such requirements in consultation with the Chief Financial Officer of the General Services Administration. Any change to the cost and capital requirements of the Fund for a fiscal year shall be approved by the Administrator. The Administrator shall establish rates to be charged agencies provided, or to be provided, supply of personal property and non-personal services through the Fund, in accordance with the plan. Fees collected by the Administrator under section 313 of this title may be deposited in the Fund to be used for the purposes of the Fund. personal property (including the purchase from or through the Director of the Government Publishing Office, for warehouse issue, of standard forms, blankbook work, standard specifications, and other printed material in common use by federal agencies and not available through the Superintendent of Documents); nonpersonal services; and personal services related to the provision of information technology (as defined in section 11101(6) of this title ); paying the purchase price, cost of transportation of personal property and services, and cost of personal services employed directly in the repair, rehabilitation, and conversion of personal property; and paying other direct costs of, and indirect costs that are reasonably related to, contracting, procurement, inspection, storage, management, distribution, and accountability of property and nonpersonal services provided by the General Services Administration or by special order through the Administration. mixed-ownership Government corporations; the municipal government of the District of Columbia; or a requisitioning non-federal agency when the function of a federal agency authorized to procure for it is transferred to the Administration. For property or services procured through the Fund for requisitioning agencies, the agencies shall pay prices the Administrator fixes under this subsection. the purchase price; the transportation cost; inventory losses; the cost of personal services employed directly in the repair, rehabilitation, and conversion of personal property; the cost of personal services employed directly in providing information technology (as defined in section 11101(6) of this title ); and the cost of amortization and repair of equipment used for lease or rent to executive agencies; and properly allocable costs payable by the Fund under subsection (c)(1)(C). A requisitioning agency shall pay in advance when the Administrator determines that there is insufficient capital otherwise available in the Fund. Payment in advance may also be made under an agreement between a requisitioning agency and the Administrator. If payment is not made in advance, the Administration shall be reimbursed promptly out of amounts of the requisitioning agency in accordance with accounting procedures approved by the Comptroller General. the date of billing by the Administrator; or the date on which actual liability for personal property or services is incurred by the Administrator. The Administrator may accept periodic reimbursement from the Senate and from the House of Representatives for the cost of any equipment purchased for the Senate or the House of Representatives with money from the Fund. The amount of each periodic reimbursement shall be computed by amortizing the total cost of each item of equipment over the useful life of the equipment, as determined by the Administrator, in consultation with the Sergeant at Arms and Doorkeeper of the Senate or the Chief Administrative Officer of the House of Representatives, as appropriate. Following the close of each fiscal year, after making provision for a sufficient level of inventory of personal property to meet the needs of Federal agencies, the replacement cost of motor vehicles, and other anticipated operating needs reflected in the cost and capital plan developed under subsection (b), the uncommitted balance of any funds remaining in the Fund shall be transferred to the general fund of the Treasury as miscellaneous receipts. The Comptroller General shall audit the Fund in accordance with the provisions of chapter 35 of title 31 and report the results of the audits. An explanation of the program. Information about how the program is funded, including the amount of expenditures the program received in the previous fiscal year and total amount. The amount of reimbursements associated with or anticipated to be associated with the program from another source of funds or another agency, if applicable. information about when the projects or initiatives were initiated and completed; and funding information, to the extent practicable. Any additional information, data, or analysis used to determine the information estimated within the report, if applicable. The term “Administrator” means the Administrator of General Services. The term “expenditure” means any obligation of funds from the Acquisition Services Fund for programs referenced in subsection (h). The General Supply Fund and the Information Technology Fund in the Treasury are hereby abolished. Capital assets and balances remaining in the General Supply Fund and the Information Technology Fund as in existence immediately before this section takes effect [see Effective Date of 2006 Amendment note above] shall be transferred to the Acquisition Services Fund and shall be merged with and be available for the purposes of the Acquisition Services Fund under section 321 of title 40 , United States Code (as amended by this Act). Any liabilities, commitments, and obligations of the General Supply Fund and the Information Technology Fund as in existence immediately before this section takes effect shall be assumed by the Acquisition Services Fund.”