
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 14USC648]

 
                          TITLE 14--COAST GUARD
 
                       PART I--REGULAR COAST GUARD
 
                       CHAPTER 17--ADMINISTRATION
 
Sec. 648. Accounting for industrial work

    The Secretary may prescribe regulations governing accounting for 
industrial work, including charges for overhead for civilian labor and 
for maintenance of industrial plant and equipment, performed at the 
Coast Guard Yard or such similar Coast Guard industrial establishments 
as he may designate. Any orders placed for such industrial work shall be 
covered by a transfer or advance of funds to cover the estimated cost 
thereof, and shall be credited to such accounts as may be necessary and 
established by the Secretary to carry out the provisions of this 
section. Accounts so established shall be available for materials, 
supplies, or equipment, and civilian labor, including overhead and 
maintenance, required in performing the work ordered. Upon completion of 
an order an adjustment will be made to make the amount transferred or 
advanced equal to the actual cost as computed in accordance with the 
accounting regulations prescribed by the Secretary.

(Aug. 4, 1949, ch. 393, 63 Stat. 549.)


                      Historical and Revision Notes

    This section is intended to eliminate a very cumbersome and 
inefficient method of accounting for industrial jobs at the Coast Guard 
Yard and other shore establishments where industrial work may be 
undertaken. Under existing law several accounts must be kept current for 
each job in progress. Under this statute the working fund would be 
available for all types of expenditures in connection with a job and the 
breakdown into separate accounts could be done after the job is 
complete. The other armed forces have provisions of law which permit a 
working fund similar to the one provided by this section. 81st Congress, 
House Report No. 557.
