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B-272254 1 (1997-03-05)

handle is hein.gao/gaobacxzl0001 and id is 1 raw text is: Comptroller General of the United States Washington, D.C. 20548 Decision Matter of: Export-Import Bank File: B-272254 Date: March 5, 1997 DIGEST Under 12 U.S.C. § 635(a)(1) (1994), the Export-Import Bank may not charge its customers for travel expenses incurred by the Bank in connection with a customer's transactions, and deposit the receipts to the credit of the Bank's appropriation. Section 635(a)(1) permits the Bank to accept voluntary reimbursements for the travel expenses of its employees from non-federal sources; it does not authorize the Bank to charge fees to cover employees' travel expenses. DECISION This is in response to a request for our opinion from the United States Export- Import Bank (Eximbank) concerning its authority to require its customers to pay for travel expenses incurred by Eximbank officers and employees in connection with customer transactions and to deposit the proceeds of such charges to its appropriation for administrative expenses. The Eximbank believes that Congress has provided it with such authority in 12 U.S.C. § 635(a)(1) (1994). As explained more fully below, we disagree. Eximbank's authority to accept reimbursement of travel expenses under 12 U.S.C. § 635(a)(1) does not authorize it to charge customers for its employees' travel costs associated with a customer's transactions. Bac kgro und The Eximbank is a federal corporation created to facilitate export financing of United States goods and services by matching the terms of other governments' export financing and absorbing credit risks that the private sector will not accept. 12 U.S.C. § 635. Export financing includes loans, loan guarantees, export credit insurance and working capital (pre-export) financing such as for pre-export production or development of foreign markets. The Eximbank's goals include providing export financing at rates, terms, and other conditions which are fully competitive with government-supported financing available to foreign exporters in competitor countries and aiding small exporting businesses. The Eximbank receives appropriations to cover the administrative expenses, including travel and transportation expenses, of carrying out its mission. 302221

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