Title 15 — Commerce and Trade
Chapter 7 — National Institute of Standards and Technology
§ 278b. Working Capital Fund
Statutory text
Utilization
The Institute is authorized to utilize in the performance of its functions the Working Capital Fund established by the Act of (64 Stat. 275).
Availability of Fund
The working capital of the fund shall be available for obligation and payment for any activities authorized by this chapter, and for any activities for which provision is made in the appropriations which reimburse the fund.
Reimbursements
In the performance of authorized activities, the Working Capital Fund shall be available and may be reimbursed for expenses of hire of automobile, hire of consultants, and travel to meetings, to the extent that such expenses are authorized for the appropriations of the Department of Commerce.
Credits
The fund may be credited with advances and reimbursements, including receipts from non-Federal sources, for services performed under the authority of section 273 of this title.
“Cost” defined
As used in this chapter, the term “cost” shall be construed to include directly related expenses and appropriate charges for indirect and administrative expenses.
Distribution of earnings; restoration of prior impairment
The amount of any earned net income resulting from the operation of the fund at the close of each fiscal year shall be paid into the general fund of the Treasury: Provided, That such earned net income may be applied to restore any prior impairment of the fund, and to ensure the availability of working capital necessary to replace equipment and inventories.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 84–872 § 12 · 70 Stat. 793
Enacted · 15 U.S.C. § 278b
Mar. 3, 1901, ch. 872, § 12, as added Aug. 3, 1956, ch. 906, § 2, 70 Stat. 959
Source evidence
Code source credit
Mar. 3, 1901, ch. 872, § 12, as added Aug. 3, 1956, ch. 906, § 2, 70 Stat. 959Pub. L. 95–322 § 2(a) · 92 Stat. 395
Struck · 15 U.S.C. § 278b(a)
Pub. L. 95–322 struck out “, and additional amounts as from time to time may be required for the purposes of said fund are authorized to be appropriated” after “(64 Stat. 275)”
Source evidence
Code amendment note
Subsec. (a). Pub. L. 95–322 struck out “, and additional amounts as from time to time may be required for the purposes of said fund are authorized to be appropriated” after “(64 Stat. 275)”.Enacted provision · exact public law section
(a) Section 12(a) of such Act (15 (J.S.C. 278b(a)) is amended by striking out “, and additional amounts as from time to time may be required for the purposes of said fund are hereby authorized to be appropriated”.Pub. L. 99–73 § 5(a) · 99 Stat. 171
Struck · 15 U.S.C. § 278b(f)
Pub. L. 99–73 struck out “first” after “may be applied”
Inserted · 15 U.S.C. § 278b(f)
Pub. L. 99–73 inserted provisions relating to working capital for replacement of equipment and inventories
Source evidence
Code amendment note
Subsec. (f). Pub. L. 99–73 struck out “first” after “may be applied”, and inserted provisions relating to working capital for replacement of equipment and inventories.Enacted provision · exact public law section
(a) Section 12(f) of the Act of March 3, 1901 (15 U.S.C. 278b(f)), is amended— (1) by striking out “first”; and (2) by inserting immediately before the period at the end thereof the following: and to ensure the availability of working capital necessary to replace equipment and inventories”.Effective date note
Amendment by Pub. L. 99–73 effective Oct. 1, 1984, see section 5(c) of Pub. L. 99–73, set out as an Effective Date note under section 275c of this title.Technology Competitiveness Act
Pub. L. 100–418 title V § 5115(a)(1) · 102 Stat. 1107
Substituted · 15 U.S.C. § 278b(a)
Pub. L. 100–418 substituted “Institute” for “National Bureau of Standards”
Source evidence
Code amendment note
Subsec. (a). Pub. L. 100–418 substituted “Institute” for “National Bureau of Standards”.Enacted provision · exact public law section
(1) Except as provided in paragraph (2), the Act of March 3, 1901 (15 U.S.C. 271 et seq.) is amended by striking “National Bureau of Standards”, “Bureau” and “bureau” wherever they appear and inserting in lieu thereof “Institute”.
4 of 5 references resolved to an enrolled provision · 1 partial
Editorial Notes
References in Text
Act of (64 Stat. 275), referred to in subsec. (a), was the Deficiency Appropriation Act, 1950. Provisions thereof relating to Working Capital Fund are not classified to the Code.
Prior Provisions
A prior section 12 of act Mar. 3, 1901, ch. 872, as added by act July 22, 1950, ch. 486, § 2, 64 Stat. 373, related to equipment purchased by Department of Commerce to carry out investigations, prior to repeal by act .
Amendments1978–1988 · 3 rounds
1988
Subsec. (a). Pub. L. 100–418 substituted “Institute” for “National Bureau of Standards”.
1985
Subsec. (f). Pub. L. 99–73 struck out “first” after “may be applied”, and inserted provisions relating to working capital for replacement of equipment and inventories.
1978
Subsec. (a). Pub. L. 95–322 struck out “, and additional amounts as from time to time may be required for the purposes of said fund are authorized to be appropriated” after “(64 Stat. 275)”.
Statutory Notes and Related Subsidiaries
Effective Date of 1985 Amendment
Amendment by Pub. L. 99–73 effective , see section 5(c) of Pub. L. 99–73, set out as an Effective Date note under section 275c of this title.
Credits
1901–1988 · 4 acts
- 1901Mar. 3, 1901, ch. 872, § 12, as added Aug. 3, 1956, ch. 906, § 2, 70 Stat. 959
- 1978amended Pub. L. 95–322, § 2(a), , 92 Stat. 395
- 1985Pub. L. 99–73, § 5(a), , 99 Stat. 172
- 1988Pub. L. 100–418, title V, § 5115(a)(1), , 102 Stat. 1433.
Show as published
(Mar. 3, 1901, ch. 872, § 12, as added Aug. 3, 1956, ch. 906, § 2, 70 Stat. 959; amended Pub. L. 95–322, § 2(a), , 92 Stat. 395; Pub. L. 99–73, § 5(a), , 99 Stat. 172; Pub. L. 100–418, title V, § 5115(a)(1), , 102 Stat. 1433.)