116 STAT. 1076 PUBLIC LAW 107-217—AUG. 21, 2002 (e) REIMBURSEMENT FOR EQUIPMENT PURCHASED FOR CON- GRESS.— The Administrator may accept periodic reimbursement from the Senate and from the House of Representatives for the cost of any equipment purchased for the Senate or the House of Representatives with money from the Fund. The amount of each periodic reimbursement shall be computed by amortizing the total cost of each item of equipment over the useful life of the equipment, as determined by the Administrator, in consultation with the Sergeant at Arms and Doorkeeper of the Senate or the Chief Administrative Officer of the House of Representatives, as appropriate. (f) TREATMENT OF SURPLUS. — (1) SURPLUS DEPOSITED IN TREASURY. —As of September 30 of each year, any surplus in the Fund above the amounts transferred or appropriated to establish and maintain the Fund (all assets, liabilities, and prior losses considered) shall be deposited in the Treasury as miscellaneous receipts. (2) SURPLUS RETAINED.— From any surplus generated by operation of the Fund, the Administrator may retain amounts necessary to maintain a sufficient level of inventory of personal property to meet the needs of the federal agencies. (g) AUDITS. — The Comptroller General shall audit the Fund in accordance with the provisions of chapter 35 of title 31 and report the results of the audits. § 322. Information Technology Fund (a) EXISTENCE. —T here is an Information Technology Fund in the Treasury. (b) COST AND CAPITAL REQUIREMENTS. — (1) IN GENERAL.—The Administrator of General Services shall determine the cost and capital requirements of the Fund for each fiscal year. The cost and capital requirements may include amounts— (A) needed to purchase (if the Administrator has determined that purchase is the least costly alternative) information processing and transmission equipment, software, systems, and operating facilities necessary to provide services; (B) resulting from operations of the Fund, including the net proceeds from the disposal of excess or surplus personal property and receipts from carriers and others for loss or damage to property; and (C) that are appropriated, authorized to be transferred, or otherwise made available to the Fund. (2) SUBMITTING PLANS TO OFFICE OF MANAGEMENT AND BUDGET.— The Administrator shall submit plans concerning the cost and capital requirements determined under this section, and other information as may be requested, for review and approval by the Director of the Office of Management and Budget. Plans submitted under this section fulfill the requirements of sections 1512 and 1513 of title 31. (3) ADJUSTMENTS. —Any change to the cost and capital requirements of the Fund for a fiscal year shall be made in the same manner as the initial fiscal year determination. (c) USE. — (1) IN GENERAL.—The Fund is available for expenses, including personal services and other costs, and for procurement (by lease, purchase, transfer, or otherwise) to efficiently provide
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