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B-110497 1 (1968-05-10)

handle is hein.gao/gaobadqme0001 and id is 1 raw text is: COMPTROLLER GENERAL OF THE UNITED STATES WASHINGTON, D.C. 20548 Og llu}av I0 19(8 Dear \fr airmn: his isnrefence t yo letters dated March 12, 1nd A oil 11. 18, re sti our ts on a daft of a 1rose bill ad on t.R. 16558, resectively. he rope legislati w) uld rplace the presenty autho- rized revolviig fund of 4, )O,X), by authorizing a Civil Zeriee ission revolving fund for financing, in addition o ivest iga- oins as at present, tranig and s-ch other functions as axe autho- r zed )r renuired to e erfo by the Comision on a reimburs- able basis, mud sc other erices as the Comssion deermies aiy e r ere sly t h the fund. According to t e Co eissions stat of p se ad justification accooanying the daft bill, the oissio poes to se the revolving fund far fi:nncing all reiebursble activities, as mell an~ it5 tn-hou~e autoantic data processing and pinting 'erices activities. tt is the omission s view that the use of the revolvin fud for financ ing these activities will facilitate improve mts in program adii- tration and fincial a t. Activities, other than ersonnel secuity investigations, per- fr d byhe omission for other Fedeal geies o a reimburable basis are curetly financed by other Fedra agcies either through rei sen to the issions alaries and epses aunroniat i or advances to consolidated working funds Te mhouse autoutic data processing and Q tin seices are currently fimned b the salary and exesesao rooniation which is reimbursed by the fuds Vf the activities benfiting fom the ervices. The propos legislation oid rovide that y unobligated 7vd ne ended balances n The revolv¢ing f and that the Comssion deter- aines to be in excess of asouts mede for its operations shall be deposited in the Treasury of the United States as miscellaneous eceiots. This provision would replace the curet provision of 5 U.S.C. !304(e), which reuuires that any surplus accruing to the rvolvtng find in ny fiscal year shall be iaid into the general fond of the fres uy as siscell neous receicts during the followig fiscal yar except that ny u h surplus nay be applied first to restore av iairnt of the capital of the rvolving fd by reaon of

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