§ 309 — Revolving Fund For Operation And Maintenance Of Government Publishing Office: Capitalization; Reimbursements And Credits; Accounting And Budgeting; Reports

(a) The revolving fund of $1,000,000 established July 1, 1953, is available without fiscal year limitation, for—the operation and maintenance of the Government Publishing Office (except for those programs of the Superintendent of Documents which are funded by specific appropriations), including rental of buildings;attendance at meetings;maintenance and operation of the emergency room;uniforms or uniform allowances;boots, coats, and gloves;repairs and minor alterations to buildings; andexpenses authorized in writing by the Joint Committee on Printing for inspection of Government printing activities.In addition, the Director of the Government Publishing Office shall provide capital for the fund by capitalizing, at fair and reasonable values as jointly determined by the Director and the Comptroller General, the current inventories, plant, and building appurtenances, except building structures and land, equipment, and other assets of the Government Publishing Office. (b) The fund shall be— (1) reimbursed for the cost of all services and supplies furnished, including those furnished other appropriations of the Government Publishing Office, at rates which include charges for overhead and related expenses, depreciation of plant and building appurtenances, except building structures and land, and equipment, and accrued leave; and (2) credited with all receipts including sales of Government publications, waste, condemned, and surplus property and with payments received for losses or damage to property. (c) An adequate system of accounts for the fund shall be maintained on the accrual method, and financial reports prepared on the basis of the accounts. The Director of the Government Publishing Office shall prepare and submit an annual business-type budget program for the operations under this fund. This budget program shall be considered and enacted as prescribed by section 9104 of title 31. (d) The Inspector General of the Government Publishing Office shall audit the financial and operational activities of the Government Publishing Office each year. The audits shall be conducted under the direction of the Joint Committee on Printing. For purposes of the audits, the Inspector General shall have such access to the records, files, personnel, and facilities of the Government Publishing Office as the Inspector General considers appropriate. The Inspector General shall furnish reports of the audits to the Congress and the Director of the Government Publishing Office. (e) The Director of the Government Publishing Office shall prepare an annual financial statement meeting the requirements of section 3515(b) of title 31, United States Code. Each financial statement shall be audited in accordance with applicable generally accepted Government auditing standards— (1) by an independent external auditor selected by the Director of the Government Publishing Office, or (2) at the request of the Joint Committee on Printing, by the Inspector General of the Government Publishing Office. (f) The Comptroller General of the United States may audit the financial statement prepared under subsection (e) at the discretion of the Comptroller General or at the request of the Joint Committee on Printing. An audit by the Comptroller General shall be in lieu of the audit otherwise required by that subsection.