2 USC 182c – Revolving fund for FEDLINK program and Federal Research program
(a) Establishment
There is hereby established in the Treasury a revolving fund for the Federal Library and Information Network program (hereafter in sections 182a to 182d of this title referred to as the “FEDLINK program”) of the Library of Congress (as described in subsection (f)(1)) and the Federal Research program of the Library of Congress (as described in subsection (f)(2)).
(b) Individual accounting requirement
Terms Used In 2 USC 182c
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See 1 USC 8
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
A separate account shall be maintained in the revolving fund under this section with respect to the programs described in subsection (a).
(c) Fees for services
(1) In general
The Librarian may charge a fee for services under the FEDLINK program and the Federal Research program, and shall deposit any such fees charged into the account of the revolving fund under this section for such program.
(2) Advances of funds
Participants in the FEDLINK program and the Federal Research program shall pay for products and services of the program by advance of funds—
(A) if the Librarian determines that amounts in the Revolving Fund 1 are otherwise insufficient to cover the costs of providing such products and services; or
(B) upon agreement between participants and the Librarian.
(d) Contents of fund
(1) In general
Each account of the revolving fund under this section shall consist of the following amounts:
(A) Amounts deposited by the Librarian under subsection (c).
(B) Any other amounts received by the Librarian which are attributable to the program covered by such account.
(C) Amounts deposited by the Librarian under paragraph (2).
(D) Such other amounts as may be appropriated under law.
(2) Deposit of funds during transition
Notwithstanding section 1535(d) of title 31, the Librarian shall transfer to the appropriate account of the revolving fund under this section the following:
(A) Any obligated, unexpended balances existing as of the date of the transfer which are attributable to the FEDLINK program or the Federal Research program.
(B) An amount equal to the difference as of such date between—
(i) the total value of the supplies, inventories, equipment, gift fund balances, and other assets attributable to such program; and
(ii) the total value of the liabilities attributable to such program.
(e) Use of amounts in fund
Amounts in the accounts of the revolving fund under this section shall be available to the Librarian, in amounts specified in appropriations Acts and without fiscal year limitation, to carry out the program covered by each such account.
(f) Programs described
(1) FEDLINK
In this section, the “FEDLINK program” is the program of the Library of Congress under which the Librarian provides the following services on behalf of participating Federal libraries, Federal information centers, other entities of the Federal Government, tribal governments (as defined in 40 U.S.C. 502(c)(2)(B)) and the District of Columbia:
(A) The procurement of commercial information services, publications in any format, and library support services.
(B) Related accounting services.
(C) Related education, information, and support services.
(2) Federal Research program
In this section, the “Federal Research program” is the program of the Library of Congress under which the Librarian provides research reports, translations, and analytical studies for entities of the Federal Government and the District of Columbia (other than any program of the Congressional Research Service).