FCRF (Contents)

Federal Capital Revolving Fund

Section 5

SEC. 5. FUNDING.

(a) Appropriation To Fund.—The following amounts are hereby appropriated, and shall be deposited into the Fund—

(1) $10,000,000,000 from amounts in the Treasury not otherwise appropriated, to capitalize the Fund; and

(2) repayment amounts received from a purchasing agency.

(b) Authorization of Appropriations.—There is authorized to be appropriated to purchasing agencies such sums as may be necessary for repayment amounts under section 6(c).

(c) Availability of Fund.—Amounts deposited into the Fund shall remain available until expended.

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Counsel Notes

The Federal Capital Revolving Fund Act of 2018 is proposed legislation that would reform the way the Federal Government purchases capital assets. 

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Additional Information

Section-by-Section for the Federal Capital Revolving Fund Act of 2018

Sec. 5. Funding. This section appropriates $10 billion to capitalize the FCRF and authorizes the FCRF to use repayments from purchasing agencies to fund additional capital acquisitions.

[From the Budget Process section of the Analytical Perspectives volume of the President’s Fiscal Year 2020 Presidential Submission; pp. 138-140.]

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[BCR §009]