Authority to write off capital expenditures for certain depots of Department of Defense

Chapter 146 of title 10, United States Code, is amended by inserting after section 2470 the following new section: 2471. Accounting for certain depots: authority to write off capital expenditures (a) Authority With respect to any covered depot, the Secretary of Defense may write off, for accounting purposes, any depreciated cost or debt associated with capital that does not generate revenue as a result of a Government-directed mission change. (b) Delegation of authority The Secretary may delegate the authority under subsection (a) to the Secretary of a military department. (c) Covered depot defined In this section, the term covered depot has the meaning given such term in section 2476 of this title..

Chapter 146 of title 10, United States Code, is amended by inserting after section 2470 the following new section: 2471. Accounting for certain depots: authority to write off capital expenditures (a) Authority With respect to any covered depot, the Secretary of Defense may write off, for accounting purposes, any depreciated cost or debt associated with capital that does not generate revenue as a result of a Government-directed mission change. (b) Recovery of outlays Write-offs under subsection (a) shall be done in a manner than ensures any previous cash outlay from a revolving fund is recovered. (c) Delegation of authority The Secretary may delegate the authority under subsection (a) to the Secretary of a military department. (d) Covered depot defined In this section, the term covered depot has the meaning given such term in section 2476 of this title..