Disposition of recovered funds

  1. Law
  2. USC 31
  3. Money And Finance
  4. FINANCIAL MANAGEMENT
  5. ACCOUNTING AND COLLECTION
  6. RECOVERY AUDITS
  7. Disposition of recovered funds

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§3562. Disposition of recovered funds

(a) Availability of Funds for Recovery Audits and Activities Program.-Funds collected under a program carried out by an executive agency under section 3352(i) of this title shall be available to the executive agency to reimburse the actual expenses incurred by the executive agency in the administration of the program.

[(b), (c). Repealed. Pub. L. 111–204, §2(h)(6)(A)(i), July 22, 2010, 124 Stat. 2231 .]

(Added Pub. L. 107–107, div. A, title VIII, §831(a)(1), Dec. 28, 2001, 115 Stat. 1187 ; Pub. L. 111–204, §2(h)(6)(A), July 22, 2010, 124 Stat. 2231 ; Pub. L. 116–117, §3(b)(4), Mar. 2, 2020, 134 Stat. 134 .)

Amendments

2020-Subsec. (a). Pub. L. 116–117 substituted "section 3352(i)" for "section 3561" and "agency to reimburse" for "agency for the following purposes: (1) To reimburse" and struck out par. (2) which read as follows: "To pay contractors for services under the program in accordance with the guidance issued under section 3561(c)(5) of this title."

2010-Pub. L. 111–204 repealed section but provided that subsec. (a) was to continue in effect, with certain exceptions related to programs carried out under section 3561 of this title. Prior to amendment, in addition to subsec. (a), section contained subsecs. (b) and (c) which related to treatment of funds not used for programs under section 3561 of this title and priority of other authorized dispositions, respectively.


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