Page:United States Statutes at Large Volume 112 Part 3.djvu/285

 PUBLIC LAW 105-261—OCT. 17, 1998 112 STAT. 2115 for the working-capital funds of the Department of Defense and the Defense Business Operations Fund in fiscal year 1999— (A) for the Department of the Navy, may not exceed $400,000,000; and (B) for the Department of the Air Force, may not exceed $400,000,000. (2) In paragraph (1), the term "advance billing" has the meaning given such term in section 2208(1) of title 10, United States Code. (e) PERMANENT LIMITATION ON ADVANCE BILLINGS. —(1) Section 2208(1) of title 10, United States Code, is amended— (A) by redesignating paragraph (3) as paragraph (4); and (B) by inserting after paragraph (2) the following new paragraph (3): "(3) The total amount of the advance billings rendered or imposed for all working-capital funds of the Department of Defense in a fiscal year may not exceed $ 1,000,000,000.". (2) Section 2208(1)(3) of such title, as added by paragraph (1), applies to fiscal years after fiscal year 1999. (f) SEMIANNUAL REPORT.— (1) The Under Secretary shall submit to the Committee on Armed Services of the Senate and the Committee on National Security of the House of Representatives— (A) not later than May 1, 1999, a report on the administration of this section for the six-month period ending on March 31, 1999; and (B) not later than November 1, 1999, a report on the administration of this section for the six-month period ending on September 30, 1999. (2) Each report shall include, for the period covered by the report, the following: (A) The profit and loss status of each working-capital fund activity. (B) The actions taken by the Secretary of each military department to use assessments of surcharges to correct for unbudgeted losses. SEC. 1008. TERMINATION OF AUTHORITY TO MANAGE WORKING-CAP- ITAL FUNDS AND CERTAIN ACTIVITIES THROUGH THE DEFENSE BUSINESS OPERATIONS FUND. (a) REVISION OF CERTAIN DBOF PROVISIONS AND REENACTMENT To APPLY TO WORKING-CAPITAL FUNDS GENERALLY. —Section 2208 of title 10, United States Code, is amended by adding at the end the following: "(m) CAPITAL ASSET SUBACCOUNTS.— Amounts charged for depreciation of capital assets shall be credited to a separate capital asset subaccount established within a working-capital fund. "(n) SEPARATE ACCOUNTING, REPORTING, AND AUDITING OF FUNDS AND ACTIVITIES.— The Secretary of Defense, with respect to the working-capital funds of each Defense Agency, and the Secretary of each military department, with respect to the workingcapital funds of the military department, shall provide for separate accounting, reporting, and auditing of funds and activities managed through the working-capital funds. "(o) CHARGES FOR GOODS AND SERVICES PROVIDED THROUGH THE FUND. — (1) Charges for goods and services provided for an activity through a working-capital fund shall include the following: "(A) Amounts necessary to recover the full costs of the goods and services provided for that activity. Applicability. 10 USC 2208 note. Deadlines.

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