
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 14USC687]

 
                          TITLE 14--COAST GUARD
 
                       PART I--REGULAR COAST GUARD
 
               CHAPTER 18--COAST GUARD HOUSING AUTHORITIES
 
Sec. 687. Coast Guard Housing Fund

    (a) Establishment.--There is hereby established on the books of the 
Treasury an account to be known as the Coast Guard Housing Fund (in this 
section referred to as the ``Fund'').
    (b) Credits to Fund.--There shall be credited to the Fund the 
following:
        (1) Amounts authorized for and appropriated to that Fund.
        (2) Subject to subsection (e), any amounts that the Secretary 
    transfers, in such amounts as provided in appropriation Acts, to 
    that Fund from amounts authorized and appropriated to the Department 
    of Transportation or Coast Guard for the acquisition or construction 
    of military family housing or unaccompanied housing.
        (3) Proceeds from the conveyance or lease of property or 
    facilities under section 685 of this title for the purpose of 
    carrying out activities under this chapter with respect to military 
    family and military unaccompanied housing.
        (4) Income from any activities under this chapter, including 
    interest on loan guarantees made under section 682 of this title, 
    income and gains realized from investments under section 684 of this 
    title, and any return of capital invested as part of such 
    investments.

    (c) Use of Amounts in Fund.--(1) In such amounts as provided in 
appropriation Acts and except as provided in subsection (d), the 
Secretary may use amounts in the Coast Guard Housing Fund to carry out 
activities under this chapter with respect to military family and 
military unaccompanied housing units, including activities required in 
connection with the planning, execution, and administration of contracts 
entered into under the authority of this chapter.
    (2) Amounts made available under this subsection shall remain 
available until expended.
    (d) Limitation on Obligations.--The Secretary may not incur an 
obligation under a contract or other agreements entered into under this 
chapter in excess of the unobligated balance, at the time the contract 
is entered into, of the Fund required to be used to satisfy the 
obligation.
    (e) Notification Required for Transfers.--A transfer of appropriated 
amounts to the Fund under subsection (b)(2) or (b)(3) of this section 
may be made only after the end of a 30-day period beginning on the date 
the Secretary submits written notice of, and justification for, the 
transfer to the appropriate committees of Congress.
    (f) Limitation on Amount of Budget Authority.--The total value in 
budget authority of all contracts and investments undertaken using the 
authorities provided in this chapter shall not exceed $20,000,000.

(Added Pub. L. 104-324, title II, Sec. 208(a), Oct. 19, 1996, 110 Stat. 
3912.)

                  Section Referred to in Other Sections

    This section is referred to in section 682 of this title.
