Federal Emergency Management Agency Working Capital Fund

(a) Establishment There is hereby established in the Treasury a revolving fund for the Federal Emergency Management Agency for operation of any Federal Emergency Management Agency headquarters, multi-discipline facility to be known as the Federal Emergency Management Agency Working Capital Fund. (b) Fees for services (1) In general The Administrator of the Federal Emergency Management Agency may charge a fee for services and equipment provided at any Federal Emergency Management Agency headquarters, multi-discipline facility to the Department of Homeland Security, other Federal agencies, and other sources authorized by law, and shall deposit such fees charged into the account of the revolving fund established under this section. (2) Fee amount The Administrator of the Federal Emergency Management Agency shall set the fee authorized under this subsection at rates that will return in full all expenses of operation for the facility or facilities, including accrued leave, depreciation of fund plant and equipment, amortization of automated data processing software and systems (either acquired or donated), and an amount necessary to maintain reasonable operating reserve as determined by the Administrator. (3) Advance of funds Participants requesting services or equipment at the facility or facilities shall pay for such services and equipment by advance of funds— (A) if the Administrator determines that amounts in the revolving fund are otherwise insufficient to cover the costs of providing such equipment and services; or (B) upon agreement between the participants and the Administrator. (c) Contents of fund The revolving fund established under this section shall consist of the following amounts: (1) Amounts deposited by the Administrator under subsection (b). (2) Any other amounts received by the Administrator which are attributable to the programs covered by the fund. (3) Such other amounts as may be appropriated under law. (d) Use of amounts Amounts deposited into the revolving fund established under this section shall be available for the necessary expenses of operating the facility or facilities, including the provision of equipment and services on a fee basis as authorized under subsection (b). (e) Deposit of funds during transition Notwithstanding section 506 of the Department of Homeland Security Appropriations Act, 2004 (Public Law 108–90; 31 U.S.C. 501 note) (as extended by section 504 of the Department of Homeland Security Appropriations Act, 2023 (division F of Public Law 117–328), and any subsequent law), there shall be transferred to the revolving fund established under this section the assets, liabilities, contracts, inventory, equipment, property, records, and unexpended balance of appropriations and other funds held, used, arising from, available to, or to be made available to the Department of Homeland Security Working Capital Fund for the Federal Emergency Management Agency. Unexpended funds transferred pursuant to this paragraph shall be merged with the revolving fund and shall be available as authorized by this section.