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

Division A · Title XVIII: Revitalization of the Defense Industrial Base · Subtitle C: Organic Industrial Base

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The Department of Defense can officially remove certain capital costs or debts from its accounting records for specific depots when those costs no longer produce revenue due to a government-directed change in mission. The Secretary of Defense can also delegate this authority to the heads of military departments. The term "covered depot" refers to specific depots defined elsewhere in law.

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Section Text · Sec. 1862.
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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.