Pub. L. 110-161, div. B, tit. II, under "limitation on administrative expenses, federal prison industries, incorporated"

limitation on administrative expenses, federal prison industries, incorporated

EnactedYear: 2007Length: 125 wordsOfficial source
limitation on administrative expenses, federal prison industries, incorporated Not to exceed $2,328,000 of the funds of the Federal Prison Industries, Incorporated shall be available for its administrative expenses, and for services as authorized by section 3109 of title 5, United States Code, to be computed on an accrual basis to be determined in accordance with the corporation’s current prescribed accounting system, and such amounts shall be exclusive of depreciation, payment of claims, and expenditures which such accounting system requires to be capitalized or charged to cost of commodities acquired or produced, including selling and shipping expenses, and expenses in connection with acquisition, construction, operation, maintenance, improvement, protection, or disposition of facilities and other property belonging to the corporation or in which it has an interest.