1000
PUBLIC LAW 88-622-OCT. 3, 1964
[78 STAT.
Public Law 88-622 October 3, 1964 [S. 1082]
D.c. Correctional industries fund.
D.C. Code 47131. Availability and
Funds from products and services, disposition.
Annual report.
Profits retention, limitation.
AN ACT To establish in the Treasury a correctional industries fund for the government of the District of Columbia, and for other purposes.
Be it enacted by the Senate and Hoilse of Representatives of the United States of America in Congress assembled, That there is hereby established in the Treasury a revolving fund for the government of the District of Columbia to be known as the correctional industries fund (hereinafter referred to as the "fund") to replace the working capital fund created by Public Law 493, Seventy-ninth Congress, approved July 9, 1946 (60 Stat. 514), as amended. SEC. 2. The fuiid shall be available without fiscal-year limitation and shall be used for the performance of such services and the production of such commodities as, in the judgment of the Board of Commissioners of the District of Columbia (hereinafter referred to as "Commissioners"), will contribute to the rehabilitation, knowledge, and skill in trades and occupations of inmates of the institutions in the Department of Corrections of the District of Columbia, thereby equipping them with a means of livelihood upon release. The accounting for the fund shall be maintained on the accrual basis, including provision for employees' accrued annual leave and depreciation of fixed assets, and financial reports shall be prepared on the basis of such accounting. SEC. 3. Products and services produced by utilization of the fund may be purchased, at fair market prices as determined by the Commissioners, by any department or agency of the District of Columbia government, the Federal Government, any State or subdivision of a State or any Commonwealth, territory, or possession of the United States. Receipts from the sales of products and services shall be deposited to the credit of the fund. The fund shall be used for all necessary expenses directly related to the fund, including personal services; payments to inmates, or payments to their dependents, of such pecuniary earnings as the Commissioners deem proper; purchase, repair, and maintenance of equipment; purchase of raw materials and supplies; payment of dues and expenses of attendance at meetings and conventions, as approved by the Commissioners; maintenance and repair of buildings used for fund purposes; alteration of existing facilities used for fund purposes where the total project cost does not exceed $10,000; and, within the limits of amounts provided in annual appropriation Acts, acquisition and improvement of real property. SEC. 4. Not later than six months after the end of each fiscal year, the Director of the Department of Corrections of the District of Columbia shall submit to the Commissioners a report of the financial condition of the fund and the results of operations for such fiscal year. The Commissioners shall review such report and determine the disposition to be made of realized profits. The Commissioners are empowered to authorize retention of accumulated profits for the purpose of acquiring or improving personal property, or to increase working capital to planned operating levels. I n no case, however, shall such profits retained for these purposes increase the net worth of the fundheyond $2,500,000. The Commissioners are also empowered to authorize retention of accumulated profits for payments to inmates, other than those employed in industrial operations, or for payments to their dependents, of such amounts.as the Commissioners deem proper. Accumulated profits not retained or used for the aforementioned purposes, or which exceed the limitation imposed, shall he deposited to the credit of the general revenues of the District of Columbia.
�
