2013 US Code
Title 14 - Coast Guard
Part I - REGULAR COAST GUARD (§§ 1 - 693)
Chapter 17 - ADMINISTRATION (§§ 631 - 678)
Section 648 - Accounting for industrial work
Publication Title | United States Code, 2012 Edition, Supplement 1, Title 14 - COAST GUARD |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 14 - COAST GUARD PART I - REGULAR COAST GUARD CHAPTER 17 - ADMINISTRATION Sec. 648 - Accounting for industrial work |
Contains | section 648 |
Date | 2013 |
Laws in Effect as of Date | January 16, 2014 |
Positive Law | Yes |
Disposition | standard |
Source Credit | Aug. 4, 1949, ch. 393, 63 Stat. 549. |
Statutes at Large Reference | 63 Stat. 549 |
Download PDF
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 NOTESThis 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.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.