2012 US Code
Title 50 - War and National Defense
Appendix (§§ 1 - 2420)
DEFENSE PRODUCTION ACT OF 1950 (§§ 2061 - 2172)
ACT SEPT. 8, 1950, CH. 932, 64 STAT. 798 (§§ 2061 - 2172)
Title III - EXPANSION OF PRODUCTIVE CAPACITY AND SUPPLY (§§ 2091 - 2094)
Section 2094 - Defense Production Act Fund
Publication Title | United States Code, 2012 Edition, Title 50 - WAR AND NATIONAL DEFENSE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 50 - WAR AND NATIONAL DEFENSE TITLE 50 - APPENDIX-WAR AND NATIONAL DEFENSE DEFENSE PRODUCTION ACT OF 1950 ACT SEPT. 8, 1950, CH. 932, 64 STAT. 798 TITLE III - EXPANSION OF PRODUCTIVE CAPACITY AND SUPPLY Sec. 2094 - Defense Production Act Fund |
Contains | section 2094 |
Date | 2012 |
Laws in Effect as of Date | January 15, 2013 |
Positive Law | No |
Disposition | standard |
Source Credit | Sept. 8, 1950, ch. 932, title III, §304, as added Pub. L. 111-67, §7, Sept. 30, 2009, 123 Stat. 2017. |
Presidential Document Number References | Executive Order 12346 |
Statutes at Large References | 64 Stat. 798, 802 65 Stat. 61, 134 74 Stat. 282 78 Stat. 235 88 Stat. 1166 94 Stat. 619, 623, 628, 631, 633 98 Stat. 152 100 Stat. 1117 106 Stat. 4206, 4207, 4208, 4218 115 Stat. 260 116 Stat. 2653 123 Stat. 2017 |
Public Law References | Public Law 86-560, Public Law 88-343, Public Law 93-426, Public Law 96-294, Public Law 98-265, Public Law 99-441, Public Law 102-558, Public Law 107-47, Public Law 107-314, Public Law 111-67 |
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There is established in the Treasury of the United States a separate fund to be known as the “Defense Production Act Fund” (in this section referred to as the “Fund”).
(b) Moneys in FundThere shall be credited to the Fund—
(1) all moneys appropriated for the Fund, as authorized by section 711 [section 2161 of this Appendix]; and
(2) all moneys received by the Fund on transactions entered into pursuant to section 303 [section 2093 of this Appendix].
(c) Use of FundThe Fund shall be available to carry out the provisions and purposes of this title [sections 2091 to 2094 of this Appendix], subject to the limitations set forth in this Act [sections 2061 to 2170, 2171, and 2172 of this Appendix] and in appropriations Acts.
(d) Duration of FundMoneys in the Fund shall remain available until expended.
(e) Fund balanceThe Fund balance at the close of each fiscal year shall not exceed $750,000,000, excluding any moneys appropriated to the Fund during that fiscal year or obligated funds. If, at the close of any fiscal year, the Fund balance exceeds $750,000,000, the amount in excess of $750,000,000 shall be paid into the general fund of the Treasury.
(f) Fund managerThe President shall designate a Fund manager. The duties of the Fund manager shall include—
(1) determining the liability of the Fund in accordance with subsection (g);
(2) ensuring the visibility and accountability of transactions engaged in through the Fund; and
(3) reporting to the Congress each year regarding activities of the Fund during the previous fiscal year.
(g) Liabilities against FundWhen any agreement entered into pursuant to this title [sections 2091 to 2094 of this Appendix] after December 31, 1991, imposes any contingent liability upon the United States, such liability shall be considered an obligation against the Fund.
(Sept. 8, 1950, ch. 932, title III, §304, as added Pub. L. 111–67, §7, Sept. 30, 2009, 123 Stat. 2017.)
Prior ProvisionsPrior sections 2094 to 2096 were omitted in the general amendment of title III of this Act by Pub. L. 111–67.
Section 2094, Sept. 8, 1950, ch. 932, title III, §304, 64 Stat. 802; June 2, 1951, ch. 121, Ch. XI, 65 Stat. 61; July 31, 1951, ch. 275, title I, §103(b), (c), 65 Stat. 134; Pub. L. 86–560, §2, June 30, 1960, 74 Stat. 282; Pub. L. 88–343, §3, June 30, 1964, 78 Stat. 235; Pub. L. 93–426, §2, Sept. 30, 1974, 88 Stat. 1166; Pub. L. 102–558, title I, §122, Oct. 28, 1992, 106 Stat. 4206; Pub. L. 107–47, §4(4), Oct. 5, 2001, 115 Stat. 260, related to Defense Production Act Fund.
Section 2095, Sept. 8, 1950, ch. 932, title III, §305, as added Pub. L. 96–294, title I, §104(e), June 30, 1980, 94 Stat. 619; amended Pub. L. 107–314, div. A, title X, §1062(o)(3), Dec. 2, 2002, 116 Stat. 2653, related to synthetic fuel production.
Section 2096, Sept. 8, 1950, ch. 932, title III, §306, as added Pub. L. 96–294, title I, §104(e), June 30, 1980, 94 Stat. 623; amended Pub. L. 107–314, div. A, title X, §1062(o)(3), Dec. 2, 2002, 116 Stat. 2653, related to synthetic fuel production subsequent to determinations respecting a national energy supply shortage of defense fuels.
Prior section 2096a, Pub. L. 96–294, title I, §106, June 30, 1980, 94 Stat. 633, which required annual reports on synthetic fuel production under former sections 2095 and 2096 of this Appendix was omitted as obsolete in view of the omission of those sections in the general amendment of title III of this Act by Pub. L. 111–67.
Prior sections 2097 to 2099a were omitted in the general amendment of title III of this Act by Pub. L. 111–67.
Section 2097, Sept. 8, 1950, ch. 932, title III, §307, as added Pub. L. 96–294, title I, §104(e), June 30, 1980, 94 Stat. 628; amended Pub. L. 102–558, title I, §151, Oct. 28, 1992, 106 Stat. 4218, related to synthetic fuel action.
Section 2098, Sept. 8, 1950, ch. 932, title III, §308, as added Pub. L. 96–294, title I, §104(e), June 30, 1980, 94 Stat. 631, related to definitions of “Government synthetic fuel project”, “synthetic fuel”, “synthetic fuel project”, and “United States”.
Section 2099, Sept. 8, 1950, ch. 932, title III, §309, as added Pub. L. 98–265, §6, Apr. 17, 1984, 98 Stat. 152; amended Pub. L. 99–441, §4, Oct. 3, 1986, 100 Stat. 1117; Pub. L. 102–558, title I, §124, Oct. 28, 1992, 106 Stat. 4207; Pub. L. 107–47, §4(5), Oct. 5, 2001, 115 Stat. 260, related to annual report on impact of offsets. See section 2172 of this Appendix.
Section 2099a, Sept. 8, 1950, ch. 932, title III, §310, as added Pub. L. 102–558, title I, §125, Oct. 28, 1992, 106 Stat. 4208, related to civil-military integration.
Termination DateTermination of section, see section 2166(a) of this Appendix.
Defense Production Act Fund ManagerSecretary of Defense designated Defense Production Act Fund Manager in accordance with subsec. (f) of this section, see section 309 of Ex. Ord. No. 13603, Mar. 16, 2012, 77 F.R. 16655, set out as a note under section 2153 of this Appendix.
Executive Order No. 12346Ex. Ord. No. 12346, Feb. 8, 1982, 47 F.R. 5993, related to the transition of synthetic fuel responsibilities from the Department of Energy to the United States Synthetic Fuels Corporation, revoked Ex. Ord. No. 12242, and provided that the provisions of Ex. Ord. No. 12242 would continue in full force and effect with respect to any loan guarantee issued under its provisions.
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