The Inventory Revolving Fund is created and shall be maintained separate and apart from other government funds. The Chief Procurement Officer shall be the certifying officer of the Inventory Revolving Fund. The Fund shall be used for the purchase and replenishment of items to be carried in the supplies inventory to be maintained in the warehouse operated by the General Services Agency. The Fund shall be reimbursed by govern mental agencies obtaining supplies from the General Services Agency.

SOURCE: GC 6954.5. New Section.

COMMENT: This creates the Fund and mechanism necessary to regularize the present practice of stocking supplies and then “”selling”” them to the Using Agencies. This replaces the “”Government Store”” created by Executive Order 81-3.