Request for a Working Fund Account in the Allocation of Critical and Strategic Materials
B-111199: Aug 20, 1952
- Full Report:
The Deputy Administrator requested approval of a working fund account for financing through facilities of the Defense Production Administration the cost of participation by certain defense agencies of the United States in the allocation of critical and strategic materials by the International Materials Conference during the fiscal year 1953.
We found that while the proposed working fund is not a true working fund within the meaning of section 601 of the Economy Act of 1932, as amended, 31 U.S.C. 686, this Office is not required to object to its establishment with the understanding that proper distribution of costs will be made as between advances from the several source appropriations and that such advances must be obligated and expended in accordance with the statutes appropriating such funds and within the period of availability of the original appropriations.